Historic Creative Studio
125 Colorado Road, Munson, PA 16860
For Sale
$294,500
An adaptable interior pairs a double-height studio with an upper level overlooking the main floor.
Property Size2,122 SF
Lot Size0.78 Acres
Price / SF$138.78
Days on Market21
Property Features for 125 Colorado Road
General Information
Standard status
Size
Lot size
Zoning
Additional Details
Highway Access
Taxes and HOA fees
Annual Taxes
Amenities
Carpet,Vinyl,Wood
Electric
Yes
Oil,Propane - Leased,Electric
No
3
Additional Lot(s)
Public
0.80
Estimated
Driveway
Paved
10
Stone
2122.00
Boro/Township
11
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Realty One Group Landmark
(814) 308-0396
Listed By:
Amy Doran · License PA RS291324
(814) 762-5226
Source:
Jmdiamondrealty
Added: Oct 21
Changed: Nov 10
Last Checked: Nov 9 at 8:13PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realty One Group Landmark
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,122-square-foot creative property dates to 1901 and occupies four lots. Its main level features an open plan, stained glass, and a 27-by-25-foot studio with 20-foot ceilings. An upper floor overlooks the space below. The building previously served as a church and later as a residence and studio for local artist Ben Saggese. Zoning is residential.
At 125 Colorado Road in Munson, the property offers access to I-80. Penn State University is 35 minutes away, and Black Moshannon State Park is 8 miles from the site.
At 125 Colorado Road in Munson, the property offers access to I-80. Penn State University is 35 minutes away, and Black Moshannon State Park is 8 miles from the site.
Key Highlights
- 27‑by‑25‑foot studio with 20‑foot ceilings
- 2,122‑square‑foot building dating to 1901
- Upper floor overlooks the main level
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,345
Cap Rate
7.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$446,900
$446.9K
Cap Rate 7%
$319,214
$319.2K
Cap Rate 9%
$248,278
$248.3K
Market Conditions
NOI Build-Up for 2,122 SF
Gross rent
$38.2K $18.00/SF
− Vacancy
−$8.4K −$3.96/SF
EGI
$29.8K $14.04/SF
− OpEx
−$7.4K −$3.51/SF
NOI
$22.3K $10.53/SF
Area
Clearfield County, PA
Vacancy
22.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$446,900
Cap Rate 7%
$319,214
Cap Rate 9%
$248,278
Alternative Uses
Best Use
Office B
$319.2K
$279.3K – $372.4K
NOI $22,345 @ 7.0% cap · market cap 7.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$468.0K
$409.5K – $546.0K
NOI $32,757 @ 7.0% cap · market cap 11.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
12
Businesses Nearby
Explore this area
Business Placement
Demographics for 16860, PA
380
Population
309
Households
1.2
Avg Household Size
50
Median Age
5%
College-Educated
95%
High-School Grad
5.1 sq mi
ZIP Area
75
Density / Sq Mi
$73,225
Median Household Income
$67,667
Median Earnings
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Creative space - An adaptable interior pairs a double-height studio with an upper level overlooking the main floor.
Where is this creative space located?
The property is located at 125 Colorado Road Munson, PA.
What is the asking price?
The asking price for this property is $294,500.
What are key features of this property?
This property features: 27‑by‑25‑foot studio with 20‑foot ceilings; 2,122‑square‑foot building dating to 1901; Upper floor overlooks the main level
