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    14244 Ridge Rd West Springfield, PA 16443

    Sponsored
    For Sale
    $99,000

    High-traffic location, huge potential!

    Property size:
    300 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 3-acre commercial property, located at 14244 Ridge Rd, West Springfield, PA 16443, presents a unique investment opportunity. Previously a gas station and convenience store, this 300 square foot, single-story building sits on a flat, three-acre lot with 12 parking spaces. The property boasts excellent visibility on busy Route 20, with a daily traffic count of 8,500 vehicles, ensuring high exposure for any business. The underground tanks have been removed, opening up a range of possibilities for redevelopment or repurposing. The property is zoned for a variety of uses, making it suitable for retail, automotive services, or other commercial ventures. The asking price of $99,000 is significantly below the cost of constructing a new facility of comparable size and location. This is a rare chance to acquire a well-situated commercial property in Erie County with immense potential for growth and return on investment. The property features one building, one unit, and is currently 100% occupied. The APN is 39-013-039-0-005, 39-013-039-0-004. This Class C retail property offers a single tenancy and presents a compelling opportunity for savvy investors.

    Property Features for 14244 Ridge Rd

    General Information

    Property type
    Restaurants
    Square Feet
    300 SF
    Class
    C

    Building Details

    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • High visibility location.
    • Flexible zoning allows for diverse commercial uses.
    • Three‑acre level lot.
    • Significantly below replacement cost for a new gas station.
    Property Profile Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Auto Repair Shop Nail Salon Hotel & Motel Storage Facility Garden Center Pawn Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    West Springfield
    County
    Erie
    State
    Pennsylvania
    Longitude
    -80.490531
    Latitude
    41.949557

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    FAQs

    What type of property is this?
    Restaurant - High-traffic location, huge potential!
    Where is this restaurant located?
    The property is located at 14244 Ridge Rd West Springfield, PA.
    What is the asking price?
    The asking price for this property is $99,000.
    What are key features of this property?
    This property features: High visibility location.; Flexible zoning allows for diverse commercial uses.; Three-acre level lot.
    Request Owner's contact information
    14244 Ridge Rd West Springfield, PA 16443
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    West Springfield, PA 16443
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    Realmo Value Estimation

    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.

    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.

    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
    14244 Ridge Rd West Springfield, PA 16443
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