4477 Cherry Springs Rd Coudersport, PA 16915
- Retail properties
- 3,000 SF
- 3.00 lot acres
Current Use by Public Records
- Cherry Springs Country Store / Gas Station / Convenience Store
Property Details for 4477 Cherry Springs Rd
- Year built
- 1985
- Lot size
- 3.00 lot acres
- Property size
- 3,000 SF
- Property type
- Retail properties
- Property subtype
- Mixed-use properties
Description
This exceptional mixed-use property in Coudersport, PA, presents a unique investment opportunity. The 3,000 square foot building, constructed in 1985 and renovated in 2020, comprises a bustling general store, office space, and a spacious two-bedroom apartment on the second floor. The store offers convenience items, ice cream, sandwiches, and local souvenirs, complemented by three gas pumps. A separate 1,000 square foot three-bay garage provides ample storage. The property sits on three acres of land and boasts a strong pro-forma NOI of $47,921, yielding an 8.26% cap rate. The asking price is $579,900, with a price per square foot of $193.30 and a price per unit of $289,950. Located just two miles from Cherry Springs State Park and 3.25 miles from Patterson State Park, this property benefits from the significant tourist traffic (approximately 90,000 visitors annually) drawn to the area's renowned dark skies and outdoor recreational opportunities. The property includes a standby generator and updated mechanical systems. The existing apartment offers potential for additional rental income, and the business itself presents opportunities for expansion and diversification. The property's APN is 300.004.001.1-7-1. This is a fee simple ownership. The net rentable square footage is 1,400 square feet. The property is zoned for mixed-use.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Coudersport
- County
- Potter
- State
- Pennsylvania
- Longitude
- -77.8427
- Latitude
- 41.674
