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    200 1St St Conneaut Lake, PA 16316

    For Sale
    $650,000

    Turn-key business & apartment, lake views.

    Property size:
    5,490 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional mixed-use property in Conneaut Lake, PA, presents a unique investment opportunity. Located at 200 S 1st St, this two-story, 5,490 square foot building sits on a 0.47-acre lot and is zoned C-2. The property includes a thriving storefront business specializing in plumbing, heating, and sewer line supplies, established for 74 years. The sale includes over $200,000 worth of inventory, encompassing hot water heaters, AC units, and a wide range of other supplies, providing a significant head start for the new owner. An apartment above the business offers additional income potential and boasts beautiful Conneaut Lake views. The property features two units in one building and is ready for occupancy on November 14, 2024. The asking price is $650,000. This established business offers the potential for expansion within the community, making it an ideal opportunity for an owner-user seeking a profitable venture with immediate income generation or an investor looking for a strong return. The property's APN is 2101-069. This is a truly turnkey operation with significant upside potential.

    Property Features for 200 1St St

    General Information

    Property type
    Individual retail properties
    Square Feet
    5,490 SF
    Lot Size
    20,473 SF

    Building Details

    Buildings
    1
    Stories
    2
    Units
    2

    HighLights

    • Exceptional mixed‑use investment opportunity in Conneaut Lake, PA.
    • 5,490 SF building on a 0.47‑acre lot, zoned C‑2.
    • Includes an established plumbing, heating, and sewer supply business (74 years) with over $200,000 in inventory.
    • Features a second‑story apartment with Conneaut Lake views, offering additional income.
    • Asking price: $650,000; Available November 14, 2024; APN: 2101‑069.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Building Supply 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
    -80.30137508995
    Latitude
    41.601969178533

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    FAQs

    What type of property is this?
    Individual retail property - Turn-key business & apartment, lake views.
    Where is this individual retail property located?
    The property is located at 200 1St St Conneaut Lake, PA.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: Exceptional mixed-use investment opportunity in Conneaut Lake, PA.; 5,490 SF building on a 0.47-acre lot, zoned C-2.; Includes an established plumbing, heating, and sewer supply business (74 years) with over $200,000 in inventory.
    Request Owner's contact information
    200 1St St Conneaut Lake, PA 16316
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    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
    200 1St St Conneaut Lake, PA 16316
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