Property profile

14244 Rdg Rd West Springfield, PA 16443

OFF-MARKET
Turn key restaurants
Property ID
US73-1709662
4,462 SF 2.66 ac lot Built 1930
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 3-acre commercial property, located at 14244 Ridge Rd, West Springfield, PA 16443, presents a unique investment opportunity. Previously a gas station and convenience store, this 300 square foot, single-story building sits on a flat, three-acre lot with 12 parking spaces. The property boasts excellent visibility on busy Route 20, with a daily traffic count of 8,500 vehicles, ensuring high exposure for any business. The underground tanks have been removed, opening up a range of possibilities for redevelopment or repurposing. The property is zoned for a variety of uses, making it suitable for retail, automotive services, or other commercial ventures. The asking price of $99,000 is significantly below the cost of constructing a new facility of comparable size and location. This is a rare chance to acquire a well-situated commercial property in Erie County with immense potential for growth and return on investment. The property features one building, one unit, and is currently 100% occupied. The APN is 39-013-039-0-005, 39-013-039-0-004. This Class C retail property offers a single tenancy and presents a compelling opportunity for savvy investors.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1930
Construction WOOD FRAME
Total area 4,462 SF
Lot 2.66 ac (115,870 SF)
Zoning code C1
APN 39-013-041.0-001.00
UPID US73-1709662

Cap rate & NOI

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

Location

14244 Rdg Rd West Springfield, PA 16443
West Springfield metro Census 10101 ERIE, PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$200k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$200k

Owner & transaction history

Zoning & alternative use

C1 · West Springfield, 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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