Mixed-Use Restaurant and
7860 W RIDGE Road Fairview, PA 16415
7860 W RIDGE Road, Fairview, PA, 16415
$549,900
For Sale
$549,900
COMMERCIAL - Fairview, PA
Property Size7,564 SF
Lot Size2.84 Acres
Price / SF$72.70
Days on Market17
Property Features for 7860 W RIDGE Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 6
- Rooms
- Bathroom 3, Bathroom 4, Bathroom 6, Bathroom 1, Bathroom 5, Bathroom 2
- Parking
- 20
- Standard status
- Active
- APN
- 21-067-102.0-007.00
- Size
- 7,564 SF
- Lot size
- 2.84 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 5197
- Expense value
- 20000
- Expense
- SecurityDeposit
- Expense freq.
- One Time
Utilities
- Sewer type
- Septic Tank
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1863
- Building materials
- Brick
Listing Agency
Agresti Real Estate
(814) 459-9400
2635 W 26th Street, Erie, PA
Listed by
Jake Scheloske · License #RS318016
(814) 449-7973
Added: Jul 2 Checked: Jul 18 at 11:06 pm
MLS# 191802
Copyright © 2026 Greater Erie Board of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use property combines an existing restaurant space with 15+ apartment units. Reported improvements include a new roof, new HVAC system, updated plumbing, and a finished lower level. Outdoor features referenced in the remarks include a wraparound deck, an outdoor bar, and a fire pit area, along with an outbuilding on the site.
The property is offered for sale on 2.84 acres at 7860 W Ridge Road in Fairview, PA (Erie County). Additional details such as the liquor license status, apartment count confirmation, permitted uses, and future income potential are stated to be verified by the buyer.
The site is described as providing ample parking and multiple income components within a single property package.
The property is offered for sale on 2.84 acres at 7860 W Ridge Road in Fairview, PA (Erie County). Additional details such as the liquor license status, apartment count confirmation, permitted uses, and future income potential are stated to be verified by the buyer.
The site is described as providing ample parking and multiple income components within a single property package.
Key Highlights
- Includes existing restaurant space plus 15+ apartment units
- Recent improvements include a new roof, new HVAC system, and updated plumbing
- Outdoor amenities include a wraparound deck, outdoor bar, and fire pit area
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $88.0k | $11.64 |
| − Vacancy | −$3.5k | −$0.47 |
| EGI | $84.5k | $11.17 |
| − OpEx | −$38.0k | −$5.03 |
| NOI | $46.5k | $6.15 |
7,564 SF · lease $11.64/SF/yr · vacancy 4.00% · expense 45.00%
Alternative Uses
Best Use
Specialty Retail
$1.52M
$1.33M – $1.77M
NOI $106,303 @ 7.0% cap · market cap 19.33%
Second Best
Apartment 5plus
$664.1K
$581.1K – $774.8K
NOI $46,488 @ 7.0% cap · market cap 8.45%
Theoretical Best
Office A
$1.88M
$1.64M – $2.19M
NOI $131,359 @ 7.0% cap · market cap 23.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Property includes an existing restaurant space and 15+ apartment units, with ample parking and an outbuilding.
Where is this apartment building located?
The property is located at 7860 W RIDGE Road Fairview, PA.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Includes existing restaurant space plus 15+ apartment units; Recent improvements include a new roof, new HVAC system, and updated plumbing; Outdoor amenities include a wraparound deck, outdoor bar, and fire pit area
