100 Ridgeview DrSmithfield, PA 15478

Property Details for 100 Ridgeview Dr

Lot size

2.79 AC

Property type

Retail properties

Property subtype

Retail space

APN

14-25-0207-18

APU

1425020718

Description

This exceptional Fayette County property offers 10,800 square feet of versatile office, retail, and restaurant space in a single, one-story building situated on a 5.08-acre lot. Currently, three of the six suites are available, totaling 5,374 square feet, and can be leased individually or combined. The vacant suites (B, C, and D) offer flexible layouts, with Suites B and C each comprising approximately 2,765 square feet and Suite D offering approximately 2,609 square feet. The building features a durable cinder block construction with a metal roof and ample parking, both in front and rear. The property boasts excellent visibility due to its location adjacent to Fayette Business Park, 0.2 miles from Route 43, Exit 8, at the intersection of Big Six Road and Dry Knob Road, an area with an average daily traffic count of 7,927 vehicles (Esri and Data Axle, 2021). A large, back-lit monument sign provides excellent signage opportunities. The property also includes attractive landscaping and an additional 2.29 acres suitable for future development, which is available for separate purchase at $350,000. The building and front portion of the property are also available for separate purchase at $1,850,000. The entire 5.08-acre property is offered for $2,200,000. The property's diverse suite sizes and prime location make it ideal for a variety of businesses.

• CAP approach

  CAP return

  Valuation

  6%

  $42,521,016

  6.5%

  $39,250,168

  7%

  $36,446,584

• Comparable approach

  Method

  Valuation

  Relative Method

  $61,233,752

  Geo Method

  $61,233,752

• Alternative Use

  Use

  Valuation

  Residential

  $33,108,986

  Hospitality

  $30,327,654

  Educational

  $25,232,252

  Medical

  $26,100,028

  Retail

  $39,250,168

Location Insight

City

Smithfield

County

Fayette

State

Pennsylvania

Latitude

39.8159

Longitude

-79.772

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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