Property profile

120 Ctr St Corry, PA 16407

OFF-MARKET
Retail space
Property ID
US73-0970444
9,600 SF 0.11 ac lot Built 1930
Entity Owned 5-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 9,600 square foot commercial property, situated on a 0.11-acre lot at 120 N CENTER Street in the heart of Corry, PA, presents a unique investment opportunity. The building boasts three individual storefronts, two of which are currently occupied by a thriving, beautifully remodeled Angelwear Boutique. The third storefront is soon to become available, offering immediate potential for additional income or expansion. A recent investment in a brand-new roof ensures long-term durability and reduced maintenance costs. Each unit benefits from individual utility metering, providing tenants with cost transparency and operational independence. The property's central downtown location ensures high visibility and consistent foot traffic, particularly during popular community events such as First Fridays. Ample parking is available both on and off the street, enhancing convenience for both tenants and customers. This property represents a rare chance to acquire a significant piece of Corry's historic downtown, offering versatility and strong potential for future growth and profitability. The asking price is $120,000.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1930
Construction WOOD
Total area 9,600 SF
Lot 0.11 ac (4,818 SF)
Zoning code C2
APN 06-022-093.0-015.00
UPID US73-0970444

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Housing Authority
  • Hair Salon Nail Salon

Location

120 Ctr St Corry, PA 16407-1625
Corry metro Census 11900 ERIE, PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$90k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$50k

Owner & transaction history

since 2021
Last sale
$80,000
4 recorded transactions
2021
$55,000
2018
$40,000
2009
Price N/A
1969
Price N/A

Zoning & alternative use

C2 · Corry, PA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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