Multi-Building Retail and Automotive
7468 Admiral Peary Hwy Cresson, PA 16630
7468 Admiral Peary Hwy, Cresson, PA, 16630
$2,500,000
For Sale
$2,500,000
Mixed-use property with four buildings, including a hunting and fishing retail store, former gas station, garage/car wash, and butcher shop.
Property Size13,696 SF
Price / SF$182.54
Days on Market352
Property Features for 7468 Admiral Peary Hwy
General Information
- Standard status
- Active
- Size
- 13,696 SF
Listing agency
Lang Real Estate
(814) 207-9165
Listed by
Sean Ford · License #AB069779
(814) 207-9165
Source
Exprealty
Added: Aug 5, 2025 Updated: Jul 22 at 8:55AM Checked: Jul 22 at 8:55AM
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 Lang Real Estate
Investment Insights
Based on property information with market context.
This multi-use commercial property consists of four separate buildings on just under an acre. One building is currently operating as a hunting and fishing retail store with an office area, restroom, sales floor, and stock room; the inventory and furnishings are described as negotiable.
Another building previously operated as a gas station and corner store, with an occupied second-level apartment. The ground floor is available for repurposing for retail or service-based uses. A third building, formerly a commercial garage and car wash, is suited for storage or other commercial conversions. The fourth building was used as a butcher shop and previously included a residence, and is described as having conversion potential for a rental unit or other business space with needed updates.
The property offers multiple configurations for continuing existing operations or adapting one or more structures to new uses, depending on the buyer’s plan.
Another building previously operated as a gas station and corner store, with an occupied second-level apartment. The ground floor is available for repurposing for retail or service-based uses. A third building, formerly a commercial garage and car wash, is suited for storage or other commercial conversions. The fourth building was used as a butcher shop and previously included a residence, and is described as having conversion potential for a rental unit or other business space with needed updates.
The property offers multiple configurations for continuing existing operations or adapting one or more structures to new uses, depending on the buyer’s plan.
Key Highlights
- Mixed‑use property on just under 1 acre with four buildings and multiple commercial/residential uses.
- Hunting and fishing retail store with office area, restroom, sales floor, and stock room; inventory and furnishings are negotiable.
- Former gas station and corner store building with an occupied 2nd‑floor 4‑bedroom, 1‑bath apartment; ground floor offers commercial repurposing options.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $205.4k | $15.00 |
| − Vacancy | −$21.6k | −$1.58 |
| EGI | $183.9k | $13.43 |
| − OpEx | −$46.0k | −$3.36 |
| NOI | $137.9k | $10.07 |
13,696 SF · lease $15.00/SF/yr · vacancy 10.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.97M
$1.72M – $2.30M
NOI $137,902 @ 7.0% cap · market cap 5.52%
Second Best
Retail
$1.93M
$1.69M – $2.25M
NOI $135,180 @ 7.0% cap · market cap 5.41%
Theoretical Best
Office A
$4.13M
$3.62M – $4.82M
NOI $289,260 @ 7.0% cap · market cap 11.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Miller's Hunting & Fishing ...
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Storefront property - Mixed-use property with four buildings, including a hunting and fishing retail store, former gas station, garage/car wash, and butcher shop.
Where is this storefront property located?
The property is located at 7468 Admiral Peary Hwy Cresson, PA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Mixed‑use property on just under 1 acre with four buildings and multiple commercial/residential uses.; Hunting and fishing retail store with office area, restroom, sales floor, and stock room; inventory and furnishings are negotiable.; Former gas station and corner store building with an occupied 2nd‑floor 4‑bedroom, 1‑bath apartment; ground floor offers commercial repurposing options.
