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    662 Airport Rd Punxsutawney, PA 15767

    Sponsored
    For Sale
    $350,000

    16-Acre School Conversion, Huge Potential

    Property size:
    14,916 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 14,916 square foot property in Punxsutawney, PA, presents a unique redevelopment opportunity. Located on a 16.4-acre lot at 662 Airport Rd, 15767, this former elementary school, built in 1959, offers immense versatility. Currently vacant and available for occupancy October 14, 2024, the single-story building sits on commercially zoned land. Its substantial size and existing infrastructure provide a strong foundation for various projects. Potential uses include luxury apartments, condominiums, senior living facilities, office space, retail shops, a co-working hub, private school, tutoring center, early childhood education facility, library, recreation center, or arts and cultural hub. The asking price is $350,000. The property includes existing appliances and furniture, offering immediate potential for various uses. This is a high-potential investment in a desirable location with significant redevelopment potential. Don't miss this chance to acquire a landmark property with a rich history and a bright future.

    Property Features for 662 Airport Rd

    General Information

    Property type
    Schools
    Square Feet
    14,916 SF
    Lot Size
    714,384 SF

    Building Details

    Year Built
    1959
    Buildings
    1
    Stories
    1

    HighLights

    • $350,000 asking price for a 14,916 sq ft redevelopment opportunity.
    • 16.4‑acre lot in Punxsutawney, PA, with Commercial zoning.
    • Vacant, 1‑story, 1959‑built building, occupancy date October 14, 2024.
    • Suitable for multi‑family, retail, or special purpose uses, including senior housing, office space, or a community center.
    • Includes existing appliances and furniture.
    Property Profile Location Intelligence

    Current Use by Public Records

    Schools

    Suggested Use

    Building Supply Wholesale Shop Auto Repair Shop Grocery Store Daycare Center Coworking Space

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

    Location Insight

    • Map
    • Local Demand
    City
    Punxsutawney
    County
    Jefferson
    State
    Pennsylvania
    Longitude
    -78.9242717
    Latitude
    40.9654789

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    FAQs

    What type of property is this?
    School - 16-Acre School Conversion, Huge Potential
    Where is this school located?
    The property is located at 662 Airport 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: $350,000 asking price for a 14,916 sq ft redevelopment opportunity.; 16.4-acre lot in Punxsutawney, PA, with Commercial zoning.; Vacant, 1-story, 1959-built building, occupancy date October 14, 2024.
    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
    662 Airport Rd Punxsutawney, PA 15767
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