Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    318 Old Ash Rd Mercer, PA 16137

    View on Map
    Claim this Listing
    New
    For Sale
    $525,000

    Farm - Springfield Twp, PA

    Type:Farm
    Lot size:
    80.00 Acres
    Added:
    May 3, 2026
    Days on Market:
    5
    Last Refresh:
    May 7 at 11:06 pm

    Property Features for 318 Old Ash Rd

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Zoning
    Vil-C
    Exterior features
    Level
    Standard status
    Active
    Lot size
    80.00 Acres

    Taxes and HOA fees

    Tax Annual Amount
    2705

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Lucy Wann

    Listing agent Lucy Wann

    Listing office COLDWELL BANKER REALTY 20510 Route 19, Pittsburgh, PA

    Listing date May 3, 2026

    MLS# 1751758 Listing URL

    Copyright © 2026 West Penn Multi List, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 80+/- Acres of Land with Village Residential and C‑1 Zoning
    • Excellent Location: Close to Grove City Prime Outlet Mall, Major Hotels, Universities, Restaurants, I‑79 & I‑80
    • Easy Access: Entrance on Old Ash Rd
    • Commercial Development Potential: Suitable for low‑level, family‑oriented businesses
    • Proximity to Major Cities: Situated between Pittsburgh, Erie, and Cleveland
    • Utilities: Public Water and Sewer Available

    Overview

    80 Acres Prime Commercial Land

    This property features 80 acres of land. The frontage on Old Ash Road is zoned Village Residential, while the remainder of the land is zoned C-1. Commercial development should be low level with consideration for traffic, suitable for family-oriented businesses due to the bordering residential community. Entrance access is located on Old Ash Road. The location offers proximity to Grove City Prime Outlet Mall, major hotels, four major universities, restaurants, I-79, and I-80. The property is situated between Pittsburgh, Erie, and Cleveland. A 3-bedroom house, garage, and barn are offered separately.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Auto Repair Shop Nail Salon Auto Parts Store Department Store Hotel & Motel Grocery & Convenience Store Garden Center Discount Store Furniture & Home Goods

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mercer
    County
    Mercer
    State
    Pennsylvania
    Longitude
    -80.178106
    Latitude
    41.136974

    Nearby Similar for Sale

    • $199,900

      Mercer Commercial Lot on Square

      Highly visible corner commercial lot in Mercer's Historic Courthouse Square.
      150 N Erie St, Mercer Boro, PA 16137
      View Details
    • $239,999

      Unique Retail Opportunity with Log Cabin

      Four buildings on 1.33 acres near Springfield Falls.
      1007 Leesburg Station Rd, Springfield Twp, PA 16137
      View Details
    • $899,000

      Springfield Township Retail Opportunity

      5,200 SF building on 3.033 acres in C-1 district.
      100 American Way, Springfield Twp, PA 16137
      View Details
    • $225,000
      2,960 SF

      Mercer Retail Building For Sale

      2,960 SF retail building in Mercer, Pennsylvania.
      127 North Diamond Street, Mercer, PA, 16137
      View Details
    • $45,000

      Commercial Land in Springfield Township

      Unimproved land with high traffic exposure near major highways.
      0 Perry Highway, Springfield Twp, PA 16137
      View Details
    • $975,000

      Turn-Key Restaurant and Tavern Opportunity

      Established Mercer restaurant and tavern with real estate and equipment.
      117 N Diamond St, Mercer, PA, 16137-1202
      View Details
    • $239,000

      Mercer Commercial Land For Sale

      6.05 acre commercial parcel with highway frontage near I-80.
      00 Perry Hwy., Mercer, PA 16137
      View Details
    • $60,000

      Mercer Borough Mobile Home Pads

      0.73-acre property with existing and potential mobile home pads.
      541 S Erie St, Mercer, PA 16137
      View Details
    • $1,450,000

      Jefferson Estates Mobile Home Park

      Mobile home park in Mercer, PA with 42 pads.
      7992 W Market St, Mercer, PA 16137
      View Details
    • $1,600,000

      59.25 Acres on Perry Highway

      59.25 acres ideal for industrial, commercial, or mixed-use development.
      1039 Perry Hwy, Mercer, PA, 16137-3627
      View Details
    • $107,500

      Two Mobile Homes For Sale

      Two fully rented mobile homes with great rental history.
      25 Coolspring Street, Mercer, PA 16137
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - Prime land zoned for residential and commercial development.
    Where is this agricultural land / farmland located?
    The property is located at 318 Old Ash Rd Mercer, PA.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: 80+/- Acres of Land with Village Residential and C‑1 Zoning; Excellent Location: Close to Grove City Prime Outlet Mall, Major Hotels, Universities, Restaurants, I‑79 & I‑80; Easy Access: Entrance on Old Ash Rd
    (724) 776-2900
    We can help!
    Listing Contact
    Lucy Wann
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    318 Old Ash Rd, Springfield Twp, PA 16137
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!