Property profile

4 Main St Galeton, PA 16922

OFF-MARKET
Commercial real estate
Property ID
US73-5216193
1,628 SF 0.19 ac lot Built 1900
Individually Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional commercial property at 4 W Main St, Galeton, PA 16922, presents a unique investment opportunity. The 4,200-4,700 square foot building, constructed in 1885 and extensively renovated between 2015 and 2024, boasts a prime location on busy Route 6, a central hub between popular tourist destinations like Cherry Springs Dark Skies and the Pine Creek Rail Trail. Currently operating as a successful sandwich and ice cream shop with over 15 years of history, the business occupies the ground floor (2,400 sq ft net rentable) and enjoys 100% occupancy. A second-floor, two-bedroom residential suite is currently leased until December 24th. The property sits on a 25,000 sq ft lot and includes a three-story building with multiple uses permitted under its commercial zoning. The asking price is $329,900, and the sale is offered as fee simple ownership. The current owner is willing to consider a rent-back option for the first floor at $1,000 per month. This versatile property offers significant upside potential through extended operating hours, expansion of the existing business, or conversion into alternative uses such as an apartment building, senior living facility, or professional office space. The property's APN is 091-004-077 and 078. This is a multi-tenant property with a net lease in place.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1900
Total area 1,628 SF
Lot 0.19 ac (8,250 SF)
APN 091-004-077
UPID US73-5216193

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

4 Main St Galeton, PA 16922-1014
Galeton metro Census 950500
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$235k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$235k

Owner & transaction history

since 2022
Last sale
$231,860
2 recorded transactions
2024
Price N/A
2022
$231,860

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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