Listing Agency: Marcus & Millichap - San Francisco r***@marcusmillichap.com Show Phone

Listed By: Bill Schofield · License #CA 01239109

Source: Crexi

Added: Apr 11 Changed: Aug 31 Last Checked: Aug 31 at 3:24AM

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Investment Insights

Based on property information with market context.

The Citizens Bank retail property at 24 State St, Oil City, PA 16301, comprises 3,241 SF of commercial space. The offering is presented with a 7.50% CAP rate.

Key Highlights

• 3,241 SF of retail space
• 7.50% CAP rate
• 24 State St, Oil City, PA 16301

Property Analytics

Property Profile

Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Dental Office Kitchen & Bath Showroom Electrical Service Skin Care Clinic Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

503

Businesses Nearby

Explore this area Business Placement

Demographics for 16301, PA

14,935

Population

7,648

Households

2

Avg Household Size

45

Median Age

18%

College-Educated

90%

High-School Grad

94.7 sq mi

ZIP Area

158

Density / Sq Mi

$57,368

Median Household Income

$34,371

Median Earnings

$809

Median Rent

$84,800

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Retail space - Retail space offered with a 7.50% cap rate.

Where is this retail space located?

The property is located at 24 State St Oil City, PA.

What are key features of this property?

This property features: 3,241 SF of retail space; 7.50% CAP rate; 24 State St, Oil City, PA 16301