Property profile

11 Gillis Ave Ridgway, PA 15853

FOR SALE
Commercial real estate
Property ID
US73-4513884
9.95 ac lot
Individually Owned 20-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This Ridgway, PA industrial property offers 152,000 square feet of versatile manufacturing and warehouse space, situated on 11 acres. The single-story building, constructed in 1948 and extensively renovated in 2024, features 8 suites, with a minimum divisible space of 5,000 square feet and a maximum contiguous space of 45,000 square feet. Currently, 45,000 square feet is available. The property boasts a 17-foot ceiling height, enhancing operational efficiency. Loading and unloading are facilitated by two loading docks and two dock-high doors, complemented by two drive-in doors. Ample parking is provided with 25 spaces. The building is equipped with robust 480-volt, 3-phase, 2000-amp power. Strategically located on Gillis Ave in Ridgway, PA (zip code 15853), this Class C property benefits from easy access to US Route 219, providing convenient connections to I-80, approximately 8 miles south. This location offers a unique blend of rural tranquility and industrial economic opportunity, characteristic of Elk County.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 9.95 ac (433,422 SF)
APN 12-12-246-5318
UPID US73-4513884

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Corporate Office

Location

11 Gillis Ave Ridgway, PA 15853
Ridgway metro Census 950400 ST. MARYS, PA MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$260k

Owner & transaction history

since 2006
1 recorded transaction
2006
$75,000

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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