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    231 Water St Conneaut Lake, PA 16316

    For Sale
    $449,900

    Profitable Turnkey Furniture Business

    Property size:
    4,780 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    Exceptional opportunity to acquire a thriving, established furniture business in Conneaut Lake, PA. This turnkey operation includes a 4,780 square foot storefront located at 231 Water St, boasting highly visible street frontage and convenient rear alley access. The building, constructed in 1921, is a two-story structure situated on a 0.15-acre lot and zoned C-1. The sale encompasses all existing inventory, a 2014 Ford F350 box truck, and the seller's assistance post-closing as needed. The business currently enjoys 100% occupancy and serves a tri-county area, offering furniture, flooring, and home décor. The asking price is $449,900, translating to $94.12 per square foot. This represents a unique owner/user investment opportunity in a single-unit building with significant potential for continued growth and profitability. The property's APN is 2101-014. This is a rare chance to own a well-established business with a strong local presence and significant assets included in the sale.

    Property Features for 231 Water St

    General Information

    Property type
    Individual retail properties
    Square Feet
    4,780 SF
    Lot Size
    6,534 SF

    Building Details

    Year Built
    1921
    Buildings
    1
    Stories
    2
    Units
    1

    HighLights

    • $449,900 asking price for this retail storefront business opportunity.
    • 4,780 square foot building on a 0.15‑acre lot in Conneaut Lake, PA.
    • 100% occupancy with a single tenant.
    • Established, profitable turn‑key furniture business included in sale.
    • Includes building, inventory, and a 2014 Ford F350 box truck.
    • Seller will provide consulting after closing.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Conneaut Lake
    County
    Crawford
    State
    Pennsylvania
    Longitude
    -80.3033343
    Latitude
    41.6029565

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    FAQs

    What type of property is this?
    Individual retail property - Profitable Turnkey Furniture Business
    Where is this individual retail property located?
    The property is located at 231 Water St Conneaut Lake, PA.
    What is the asking price?
    The asking price for this property is $449,900.
    What are key features of this property?
    This property features: $449,900 asking price for this retail storefront business opportunity.; 4,780 square foot building on a 0.15-acre lot in Conneaut Lake, PA.; 100% occupancy with a single tenant.
    Request Owner's contact information
    231 Water St Conneaut Lake, PA 16316
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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
    231 Water St Conneaut Lake, PA 16316
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