Property profile

2 6th N Main St Union City, PA 16438

OFF-MARKET
Retail space
Property ID
US73-1161401
7,170 SF 0.18 ac lot Built 1954
Entity Owned 18-yr Hold Free & Clear
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Property summary

AI-generated overview

Prime Union City, PA retail space available for $85,000. This vacant 7,170 square foot building, formerly a Family Dollar, is situated on a 0.3-acre lot at 2 N. Main Street. Conveniently located in the heart of downtown Union City, the property boasts high visibility and easy access from I-90 via Route 19. The sale includes two parcels, encompassing the building and a parking lot across the street. The property's location directly on French Creek offers unique potential. Currently vacant, this property presents numerous possibilities for redevelopment or repurposing. The building offers significant potential for a variety of commercial uses. Note that the property taxes are currently under appeal. This is a rare opportunity to acquire a substantial retail property in a desirable location at an attractive price. The combined acreage and taxes reflect both parcels included in the sale. The property's prominent Main Street location ensures high traffic visibility, making it an ideal investment for entrepreneurs and business owners seeking a strong foothold in the Union City market. This is a turnkey opportunity to establish a thriving business in a vibrant community. Act quickly to secure this exceptional property.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1954
Construction WOOD
Total area 7,170 SF
Lot 0.18 ac (7,937 SF)
Zoning code B1
APN 42-007-023.0-014.00
UPID US73-1161401

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
  • Veterinary Clinic
  • Veterinary Clinic

Location

2 6th N Main St Union City, PA 16438
Union City metro Census 12002 ERIE, PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$786k
Blend (final) Blend
$250k

Owner & transaction history

since 2008
3 recorded transactions
2008
Price N/A
2004
Price N/A
1990
Price N/A

Zoning & alternative use

B1 · Union City, PA
Top alternative use upside
Apartment house (5+ units) $630,000 +23.0%
Office building $545,000 +6.1%
Restaurant $525,000 +2.4%

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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