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    1785 Cloe Rossiter Rd Punxsutawney, PA 15767

    Sponsored
    For Sale
    $350,000

    Spacious 2.9-acre lot, 1968 sq ft building.

    Property size:
    1,968 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial property, located at 1785 Cloe Rossiter Rd in Punxsutawney, Pennsylvania (15767), presents a unique investment opportunity. The property, situated on a generous 2.9-acre lot, features a 1,968 square foot building, previously utilized as a lumber yard. The asking price is $350,000, translating to $177.85 per square foot. The property is currently vacant and zoned for commercial use (Comm). The substantial lot size offers ample space for expansion or additional development. The existing building, while having served as a lumber yard, boasts versatile space adaptable to a variety of commercial uses. The property includes paved parking, a dedicated front desk area, and office space, suggesting a history of customer interaction and administrative functions. The open steel building structure is well-suited for storage or manufacturing. This established location in Jefferson County offers significant potential for entrepreneurs seeking a versatile space with ample room for growth. The property's existing infrastructure minimizes initial investment costs, making it an attractive option for various businesses, including but not limited to, storage facilities, building material suppliers, retail operations, or manufacturing facilities.

    Property Features for 1785 Cloe Rossiter Rd

    General Information

    Property type
    Automotive properties
    Square Feet
    1,968 SF
    Lot Size
    126,324 SF

    HighLights

    • 1,968 SF building on a 2.9‑acre lot in Punxsutawney, PA.
    • $350,000 asking price ($177.85/SF).
    • Currently vacant, commercially zoned.
    • Versatile building suitable for various uses, including storage or manufacturing.
    • Existing infrastructure minimizes upfront investment costs.
    Property Profile Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Suggested Use

    Restaurant Auto Repair Shop Kitchen & Bath Grocery Store Discount Store Electrical Service Daycare Center 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
    -78.9339069
    Latitude
    40.9337502

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    FAQs

    What type of property is this?
    Automotive property - Spacious 2.9-acre lot, 1968 sq ft building.
    Where is this automotive property located?
    The property is located at 1785 Cloe Rossiter Rd Punxsutawney, PA.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: 1,968 SF building on a 2.9-acre lot in Punxsutawney, PA.; $350,000 asking price ($177.85/SF).; Currently vacant, commercially zoned.
    Request Owner's contact information
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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
    1785 Cloe Rossiter Rd Punxsutawney, PA 15767
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