11251 Us-322 Shippenville, PA 16254
- Retail properties
- 3,090 SF
- 1.08 lot acres
Current Use by Public Records
- Retail properties
Property Details for 11251 Us-322
- Year built
- 1930
- Lot size
- 1.08 lot acres
- Property size
- 3,090 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This 3,090 sq ft. single-story building, situated on a 1.08-acre lot in Shippenville, PA, presents a unique investment opportunity. Originally built in 1930 and renovated in 2007, the property boasts a metal roof, in-floor radiant heat, and attractive knotty pine and maple wall coverings. The interior features a large central room (39 x 34 ft) suitable for retail, office space, or a presentation area, along with three smaller rooms (24 x 15 ft, 21 x 17 ft, and 15 x 9 ft) ideal for meetings or additional retail space. Two updated bathrooms and a kitchen are included. The property offers ample parking for at least 12 vehicles on a newly sealed paved lot. High visibility on Route 322, with nearly 9,000 vehicles passing daily, ensures excellent exposure. Convenient access to Routes 322, 66, I-80, and Route 68 provides easy connectivity throughout Clarion County. The property is currently 100% occupied, generating a 31.58% cap rate at an asking price of $190,000 ($61.49/sq ft). This Class B retail property is zoned for unrestricted use and represents a strong owner/user investment. The building features solid wood doors and flooring, and is handicap accessible.
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
- Shippenville
- County
- Clarion
- State
- Pennsylvania
- Longitude
- -79.4121
- Latitude
- 41.2342
