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Property profile & analytics
OFF-MARKET Estimated value $535,000
Retail space

864 Rte 41 Gap, PA 17527-9422

3,200 SF 1.25 ac lot Built 2006
Individually Owned 20-yr Hold
Property ID
US73-2450953
Property summary
AI-generated overview

This exceptional commercial property at 864 Route 41, Gap, PA, presents a unique investment opportunity with three income-generating spaces on a 1.25-acre lot. The property totals 3,138 square feet and comprises two separate units within a duplex (862 and 864 Route 41) and a freestanding retail building (868 Route 41). The duplex units are currently tenant-occupied, generating consistent rental income. Unit 864, occupied by The Hair Review, features an open main floor with two separate rooms and a bathroom, plus a second-floor storage area. Heating is provided by propane, and cooling is via window air conditioning units. The current rent for this unit is $750 per month. Unit 862 boasts a spacious laundry/mudroom, eat-in kitchen, dining room, and living room, along with two bedrooms and a full bath upstairs. Electric baseboard heating and window air conditioning units serve this unit, currently renting for $1100 per month. The third building, 868 Route 41, formerly housing The Village Arms and Trop Gun Shop, offers approximately 3000 square feet of retail space. This well-maintained building features an open layout with 14-foot ceilings in the main area, providing ample flexibility for various retail uses. A 14-foot elevated floor at the south end, accessible via a 4-foot entry door, leads to a convenient loading dock. This property's high visibility and multiple income streams make it an attractive investment prospect in a desirable location. The asking price is $849,900.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2006
Construction FRAME
Total area 3,200 SF
Lot 1.25 ac (54,450 SF)
Zoning code R-1
APN 560-68311-0-0000
UPID US73-2450953
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$325k
CAP Approach CAP
$580k
Comparable Approach Comparable
$432k
Blend (final) Blend
$535k
Owner & transaction history
Gene R Mckillips · 20 yrs held
Gene R Mckillips
since 2006
4 recorded transactions
2021
Price N/A
2006
Price N/A
2006
$1,500
1969
Price N/A
Zoning & alternative use
R-1 · Gap, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $780,000 +51.5%
Medical building $645,000 +25.0%
Auto repair, garage $535,000 +3.3%
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