Mixed-Use Property with Storage
New
For Sale
$399,900
2687 Route 208, Knox, PA 16232
A remodeled event space and a separate storage building provide distinct commercial functions on one property.
Property Size5,000 SF
Lot Size3.00 Acres
Price / SF$79.98
Days on Market2
Property Features for 2687 Route 208
General Information
Standard status
Active
Size
5,000 SF
Total Parking Spaces
20
Lot size
3.00 Acres
Property subtype
Commercial
Zoning
commercial
Additional Details
Highway Access
Yes
Self-Storage Units
20
Currently Operating
Yes
Property Use
Events Center, Self Storage
Building Details
Building Size
5,000 SF
Year Built
1995
Buildings
2
Stories
1
Listing Agency:
Burford & Henry Real Estate Services
(814) 227-7355
Listed By:
Carol Rankin
(814) 229-1227
Source:
Acemontanarealtysite
Added: Nov 1
Last Checked: Nov 1 at 4:06PM
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 Burford & Henry Real Estate Services
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Investment Insights
Based on property information with market context.
The 3-acre commercial property includes two buildings. One measures 50 x 100 and has been remodeled with new flooring, updated interiors, restrooms, a mini kitchen, and a new roof. It is currently used as an events center and includes 130 cushioned chairs and 30 six-foot folding tables. The property also has a second 30 x 100 building containing 20 storage units of varying sizes.
Located in Salem Township, the property has access to Interstate 80 and commercial zoning. A room in the event building was previously used as a winery.
Located in Salem Township, the property has access to Interstate 80 and commercial zoning. A room in the event building was previously used as a winery.
Key Highlights
- 3‑acre property in Salem Township
- Remodeled 50 x 100 event building with new roof, flooring, restrooms, and mini kitchen
- Second building measures 30 x 100 and contains 20 storage units of varying sizes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,426
Cap Rate
8.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$708,520
$708.5K
Cap Rate 7%
$506,086
$506.1K
Cap Rate 9%
$393,622
$393.6K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$44.2K $8.83/SF
− Vacancy
−$2.5K −$0.49/SF
EGI
$41.7K $8.34/SF
− OpEx
−$6.3K −$1.25/SF
NOI
$35.4K $7.09/SF
Area
Clarion County, PA
Vacancy
5.60%
Lease Rate
$8.83 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$708,520
Cap Rate 7%
$506,086
Cap Rate 9%
$393,622
Alternative Uses
Best Use
Mixed Use
$848.6K
$742.5K – $990.0K
NOI $59,400 @ 7.0% cap · market cap 14.85%
Second Best
Self Storage
$684.0K
$598.5K – $798.0K
NOI $47,880 @ 7.0% cap · market cap 11.97%
Theoretical Best
Office A
$884.6K
$774.0K – $1.03M
NOI $61,920 @ 7.0% cap · market cap 15.48%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
10
Businesses Nearby
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Business Placement
Demographics for 16232, PA
4,479
Population
1,882
Households
2.4
Avg Household Size
44
Median Age
21%
College-Educated
91%
High-School Grad
59.5 sq mi
ZIP Area
75
Density / Sq Mi
$58,583
Median Household Income
$38,974
Median Earnings
$751
Median Rent
$129,900
Median Home Value
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Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A remodeled event space and a separate storage building provide distinct commercial functions on one property.
Where is this mixed-use property located?
The property is located at 2687 Route 208 Knox, PA.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 3‑acre property in Salem Township; Remodeled 50 x 100 event building with new roof, flooring, restrooms, and mini kitchen; Second building measures 30 x 100 and contains 20 storage units of varying sizes
