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Property profile & analytics
OFF-MARKET
Commercial real estate

131 Water St Albion, PA 16401

3,456 SF 0.69 ac lot Built 1995
Property ID
Property summary
AI-generated overview

This versatile commercial property, situated on a prominent 0.69-acre lot at 131 E State & 14 Water Street in Albion, Pennsylvania, presents a unique investment opportunity. The 3,456 square foot building, previously used as a dental office, offers significant potential for redevelopment and repurposing. Its location on Albion's main thoroughfare ensures high visibility and accessibility. The property's zoning allows for a variety of uses, including conversion into a multi-family dwelling, expansion of the existing structure, or the development of retail space. The substantial lot size also allows for the possibility of subdividing the land for additional development potential. This property is ideal for an investor seeking a flexible asset with significant upside potential. The existing building provides a solid foundation for immediate use or renovation, while the ample land offers room for expansion or future development. The property's central location in Albion offers easy access to local amenities and transportation routes. This is a rare opportunity to acquire a well-located commercial property with diverse development possibilities in a thriving community. The asking price of $195,000 reflects the significant potential value inherent in this property.

Property profile
Verified
Property type Commercial real estate
Year built 1995
Total area 3,456 SF
Lot 0.69 ac (30,056 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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