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Property profile

562-578 Park Ave Meadville, PA 16335

OFF-MARKET
Retail properties & Spaces
5,500 SF 68.64 ac lot Built 1980
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Property summary

AI-generated overview

This exceptional retail property, located at 562-578 Park Ave E in Meadville, Pennsylvania, presents a unique investment opportunity. The 5,500 square foot building, constructed in 1980, sits on a substantial 68.64-acre lot and features a two-story brick structure. The property is zoned R-1 and includes six parking spaces. The asking price is $1,500,000, translating to $273 per square foot. The building boasts central electric cooling, forced-air heating, and three wood-burning fireplaces. The property's existing structure is complemented by an asphalt roof. The property is conveniently located on a paved public road and features gas water heaters. The ample lot size and R-1 zoning offer significant potential for future development or expansion. This property is ideal for a variety of retail uses and presents a compelling opportunity for investors seeking a strong return in a desirable location. The property's parcel number is 33-0-019859. Further details are available upon request.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1980
Total area 5,500 SF
Lot 68.64 ac (2,989,958 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

562-578 Park Ave Meadville, PA 16335
Meadville metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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