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    131 Water St Albion, PA 16401

    Sponsored
    For Sale
    $195,000

    High-potential Albion property, 3,456 sq ft.

    Property size:
    3,456 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This versatile commercial property, situated on a prominent 0.69-acre lot at 131 E State & 14 Water Street in Albion, Pennsylvania, presents a unique investment opportunity. The 3,456 square foot building, previously used as a dental office, offers significant potential for redevelopment and repurposing. Its location on Albion's main thoroughfare ensures high visibility and accessibility. The property's zoning allows for a variety of uses, including conversion into a multi-family dwelling, expansion of the existing structure, or the development of retail space. The substantial lot size also allows for the possibility of subdividing the land for additional development potential. This property is ideal for an investor seeking a flexible asset with significant upside potential. The existing building provides a solid foundation for immediate use or renovation, while the ample land offers room for expansion or future development. The property's central location in Albion offers easy access to local amenities and transportation routes. This is a rare opportunity to acquire a well-located commercial property with diverse development possibilities in a thriving community. The asking price of $195,000 reflects the significant potential value inherent in this property.

    Property Features for 131 Water St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    3,456 SF
    Lot Size
    30,056 SF

    Building Details

    Year Built
    1995
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Wholesale Shop Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Albion
    County
    Erie
    State
    Pennsylvania
    Longitude
    -80.36213
    Latitude
    41.89033

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Commercial real estate - High-potential Albion property, 3,456 sq ft.
    Where is this commercial real estate located?
    The property is located at 131 Water St Albion, PA.
    What is the asking price?
    The asking price for this property is $195,000.
    (814) 434-1145
    Request Owner's contact information
    131 Water St Albion, PA 16401
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    Albion, PA 16401
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    131 Water St Albion, PA 16401
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