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    FOR SALE
    Commercial real estate

    215 Arch St, Meadville, PA 16335

    Entity Owned 6-yr Hold ~ Est. High Equity
    Property ID
    US73-4739592
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Voodoo Properties LLC · 6 yrs held
    Voodoo Properties LLC
    since 2020
    Last sale
    $90,000
    3 recorded transactions
    2020
    $90,000
    2016
    2005
    $85,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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