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    000 Rikers Rd Punxsutawney, PA 15767

    Sponsored
    For Sale
    $450,000

    Prime Development Land: Residential, Commercial, Recreation

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 120+ acre property in Punxsutawney, Jefferson County, Pennsylvania, presents a unique investment opportunity. Located at 000 Rikers Rd, zip code 15767, this expansive land parcel boasts a diverse range of potential uses. The property is zoned for commercial development and offers a compelling blend of industrial, residential, and recreational possibilities. A significant portion of the acreage is covered by a mature forest featuring hardwoods, softwoods, and conifers, providing a natural, scenic backdrop. Its elevated position above PA-119 State Highway ensures excellent visibility and accessibility. The property's strategic location along PA-119 and the Buffalo-Pittsburgh Railroad provides significant logistical advantages for various commercial ventures. Currently serving as wildlife habitat, this land offers the potential for diverse development, from residential housing and recreational facilities to industrial projects. The asking price for this remarkable property is $450,000. This is a rare opportunity to acquire a large tract of land with significant development potential in a desirable Pennsylvania location. The property's size, location, and zoning make it an attractive investment for developers and entrepreneurs seeking a versatile and strategically located land parcel.

    Property Features for 000 Rikers Rd

    General Information

    Property type
    Farms
    Lot Size
    5,227,200 SF

    HighLights

    • $450,000 asking price for 120+ acres of land.
    • Partially wooded with a mix of hardwoods, softwoods, and conifers.
    • Elevated location above PA‑119 with high visibility.
    • Frontage on PA‑119 and the Buffalo‑Pittsburgh Railroad.
    • Suitable for industrial, residential, and recreational development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Building Supply Wholesale Shop Auto Repair Shop Kitchen & Bath Grocery Store Discount Store Bakery Home Appliance Store Italian Restaurant

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

    Location Insight

    • Map
    • Local Demand
    City
    Punxsutawney
    County
    Jefferson
    State
    Pennsylvania
    Longitude
    -78.9331508
    Latitude
    40.9368883

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    FAQs

    What type of property is this?
    Farm - Prime Development Land: Residential, Commercial, Recreation
    Where is this farm located?
    The property is located at 000 Rikers Rd Punxsutawney, PA.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: $450,000 asking price for 120+ acres of land.; Partially wooded with a mix of hardwoods, softwoods, and conifers.; Elevated location above PA-119 with high visibility.
    Request Owner's contact information
    000 Rikers Rd Punxsutawney, PA 15767
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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
    000 Rikers Rd Punxsutawney, PA 15767
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