36 S 8th Ave, Clarion, PA 16214

Building Details

Year Built 1948 More

Buildings 1 More

Stories 1 More

Building Size 1,986 SF More

Construction masonry More

Listing Agency: RE/MAX SELECT REALTY

Listed By: Missy Rupp · License PA AB067851 Show Phone

Source: Nelsonrealtypa

Added: Jul 10 Changed: Nov 7 Last Checked: Nov 10 at 3:25PM

Report an Issue

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 RE/MAX SELECT REALTY

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This vacant, single-level flex space is housed in a masonry building containing 1, 986 square feet. The commercial-zoned property is connected to public utilities and offers a layout suited to retail, office, or service operations. A private parking lot is positioned across the road and provides approximately 10 spaces.

The building sits in downtown Clarion near Clarion University and is described as being in a high-traffic area. Its central setting, dedicated parking, and flexible commercial configuration provide a practical foundation for an owner-user or business operation.

Key Highlights

• 1, 986 sq ft single‑level masonry building
• Private parking lot across the road with approximately 10 spaces
• Commercial zoning with public utilities

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$16,883

Cap Rate

6.89%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$337,660 $337.7K

Cap Rate 7%

$241,186 $241.2K

Cap Rate 9%

$187,589 $187.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,986 SF

Gross rent

$26.2K $13.20/SF

− Vacancy

−$2.1K −$1.06/SF

EGI

$24.1K $12.14/SF

− OpEx

−$7.2K −$3.64/SF

NOI

$16.9K $8.50/SF

Area

Clarion County, PA

Vacancy

8.00%

Lease Rate

$13.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$337,660

Cap Rate 7%

$241,186

Cap Rate 9%

$187,589

Alternative Uses

Best Use

Retail

$241.2K

$211.0K – $281.4K (±1% cap)

NOI $16,883 @ 7.0% cap · market cap 6.89%

Second Best

Industrial

$165.5K

$144.9K – $193.1K (±1% cap)

NOI $11,588 @ 7.0% cap · market cap 4.73%

Theoretical Best

Office A

$351.4K

$307.4K – $409.9K (±1% cap)

NOI $24,595 @ 7.0% cap · market cap 10.04%

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

Subway Take-out & Catering

Suggested Use

Top Pick Electrical Service Plumbing Service Garden Center (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Carpet & Flooring Store

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

Lease Details

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

593

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 16214, PA

8,308

Population

4,113

Households

2

Avg Household Size

32

Median Age

40%

College-Educated

93%

High-School Grad

47.9 sq mi

ZIP Area

173

Density / Sq Mi

$53,430

Median Household Income

$23,262

Median Earnings

$872

Median Rent

$169,100

Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

Similar For Sale Nearby

See more

Multi-Level Flex Building with Loading Dock

330 Merle Street, Clarion, PA 16214

$155,000

7,500 SF

View details

Duplex with Separate Apartment

1075 E Main Street, Clarion, PA 16214

$165,000

2,496 SF

View details

Triplex With Rear Storage Building

108 & 110 Merle Street, Clarion, PA 16214

$119,900

2,737 SF

View details

Triplex with Attached Garages

629 South St, Clarion, PA 16214

$120,000

3,134 SF

View details

New Panera NNN Ground-Lease

47 Holiday Inn Road, Clarion, PA 16214

Contact for pricing

3,190 SF

View details

Vacant Medical Office Building

65 Dolby St, Clarion, PA 16214

$1,800,000

9,576 SF

View details

Three-Level Automotive Property

1141 E. Main Street, Clarion, PA 16214

$1,100,000

18,299 SF

View details

Student Housing Multifamily Portfolio

110 Grand Avenue, Clarion, PA 16214

$3,885,000

50,000 SF

View details

Remodeled Mixed-Use Property

306 Main St, Clarion, PA 16214

$159,900

View details

Triplex with Rear Storage Building

108 & 110 Merle Rd, Clarion, PA

$119,900

View details

Duplex With Unfinished Interior

404 Franklin Street, Clarion, PA 16214

$117,660

View details

Multifamily Student Housing Portfolio

110 Grand Ave, Clarion, PA 16214

$3,885,000

View details

Similar Off Market Nearby

• Clarion Beverage Co. — 9 N 4th Ave, Clarion, PA 16214

Frequently Asked Questions

What type of property is this?

Flex space - Vacant masonry property with commercial zoning, public utilities, and adaptable retail, office, or service-use potential.

Where is this flex space located?

The property is located at 36 S 8th Ave Clarion, PA.

What is the asking price?

The asking price for this property is $244,900.

What are key features of this property?

This property features: 1, 986 sq ft single‑level masonry building; Private parking lot across the road with approximately 10 spaces; Commercial zoning with public utilities