Freestanding Commercial Building in Fairview

7782 W Ridge Rd, Fairview, PA 16415

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For Sale

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Renovated commercial building on 1.1 acres with highway frontage.

Type:Office, Retail

Property size:

1,820 SF

Lot size:

1.10 Acres

Price / SF:

$274/SF

HighLights

Freestanding 1,820± SF building.
Completely renovated in 2024, including a 910± SF addition, ensuring modern functionality and appeal.
Excellent visibility with ±270’ frontage on W. Ridge Road and 11,000 Average Daily Traffic.
1.1± acre site with abundant parking.
Zoned B‑2, Highway Commercial, allowing for a wide range of potential uses (retail, restaurant, office, etc.).
New roof, gas forced air furnace, and ADA restroom.

We can help!

Contact an agent

Sherry Bauer

For Sale

Contact for pricing

Renovated commercial building on 1.1 acres with highway frontage.

Type:Office, Retail

Property size:

1,820 SF

Lot size:

1.10 Acres

Price / SF:

$274/SF

Added:: Nov 14, 2024
Days on Market:: 595
Last Refresh:: May 12 at 11:15 pm

Property Features for 7782 W Ridge Rd

General Information

Standard status: Active
Size: 1,820 SF
Lot size: 1.10 Acres
Property subtype: Office, Retail

We can help!

Contact an agent

Sherry Bauer

Listing office SBRE - Sherry Bauer Real Estate

Listing date Nov 14, 2024

Source Crexi

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 SBRE - Sherry Bauer Real Estate

HighLights

Freestanding 1,820± SF building.
Completely renovated in 2024, including a 910± SF addition, ensuring modern functionality and appeal.
Excellent visibility with ±270’ frontage on W. Ridge Road and 11,000 Average Daily Traffic.
1.1± acre site with abundant parking.
Zoned B‑2, Highway Commercial, allowing for a wide range of potential uses (retail, restaurant, office, etc.).
New roof, gas forced air furnace, and ADA restroom.

Overview

Available for sale is a freestanding commercial building in Fairview, encompassing approximately 1,820 square feet and situated on three parcels totaling approximately 1.1 acres. Constructed in 1960, the building underwent a complete renovation in 2024, which included an addition of approximately 910 square feet. The property features a new roof, gas forced air furnace, an ADA-compliant restroom, and digital/pylon signage. A floor plan and environmental report are available. The site benefits from public utilities and abundant parking. It offers excellent visibility with approximately 270 feet of frontage on W. Ridge Road, with an average daily traffic count of 11,000 (PennDOT AADT, 2023 count year). Zoned B-2, Highway Commercial (Fairview Township), the property is suitable for a variety of uses, including retail, restaurant, banks, offices, beauty shops, bakery, self-service laundry, and outdoor recreation.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$35.6k	$19.56
− Vacancy	−$1.5k	−$0.82
EGI	$34.1k	$18.74
− OpEx	−$8.5k	−$4.68
NOI	$25.6k	$14.05

1,820 SF · lease $19.56/SF/yr · vacancy 4.20% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$365.4K

$319.7K – $426.3K (±1% cap)

NOI $25,578 @ 7.0% cap · market cap 5.12%

Second Best

Office B

$340.5K

$297.9K – $397.3K (±1% cap)

NOI $23,835 @ 7.0% cap · market cap 4.77%

Theoretical Best

Office A

$451.5K

$395.1K – $526.8K (±1% cap)

NOI $31,607 @ 7.0% cap · market cap 6.32%

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

Property Profile Location Intelligence

Current Use by Public Records

Storefront properties

Suggested Use

Location Insight

Map
Local Demand

City: Fairview
County: Erie
State: Pennsylvania
Longitude: -80.2622006
Latitude: 42.0256669

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For sale
Storefront properties
PA
Fairview
16415
7782 W Ridge Rd

What type of property is this?

Storefront property - Renovated commercial building on 1.1 acres with highway frontage.

Where is this storefront property located?

The property is located at 7782 W Ridge Rd Fairview, PA.

What is the asking price?

The asking price for this property is $499,900.

What are key features of this property?

This property features: Freestanding 1,820± SF building.; Completely renovated in 2024, including a 910± SF addition, ensuring modern functionality and appeal.; Excellent visibility with ±270’ frontage on W. Ridge Road and 11,000 Average Daily Traffic.