131 Water St Albion, PA 16401
- Commercial real estate
- 3,456 SF
- 0.69 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 131 Water St
- Year built
- 1995
- Lot size
- 0.69 lot acres
- Property size
- 3,456 SF
- Property type
- Commercial real estate
Description
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.
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
- Albion
- County
- Erie
- State
- Pennsylvania
- Longitude
- -80.3621
- Latitude
- 41.8903
