Property profile

215 Arch St Meadville, PA 16335

FOR SALE
Commercial real estate
Property ID
US73-4739592
Entity Owned 6-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional commercial property, located at 215-217 Arch Street in the heart of Meadville, Pennsylvania, presents a unique investment opportunity. The building boasts a substantial 11,088 square feet of space situated on a 0.12-acre lot measuring 56 feet by 100 feet. The structure is a two-story masonry building, offering versatile commercial possibilities. The ground floor currently features an open bar layout, complete with a fully equipped kitchen and a dedicated brewing area in the rear. This provides an excellent foundation for a thriving hospitality business or a similar venture requiring ample space and existing infrastructure. Upstairs, the second floor offers a large, open area perfect for events, equipped with a stage for larger gatherings. Recent renovations include brand new windows throughout the second floor, along with significant electrical system upgrades, ensuring modern functionality and efficiency. The property's prime location in downtown Meadville offers excellent visibility and accessibility, with the added benefit of being just minutes away from Interstate 79, providing convenient access to regional transportation networks. This property is ready for immediate occupancy and presents a rare chance to acquire a well-maintained, versatile commercial space in a desirable location. The asking price is $179,900.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
APN 23210
UPID US73-4739592

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

215 Arch St Meadville, PA 16335
Meadville metro Census 111600 MEADVILLE, PA MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$85k

Owner & transaction history

since 2020
Last sale
$90,000
3 recorded transactions
2020
$90,000
2016
Price N/A
2005
$85,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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