21 State St, Albion, PA 16401-1110
- Grocery and convenience stores
- 12,510 SF
- 0.47 lot acres
Current Use by Public Records
- Perch 143 / Hardware & Home Improvement / General Contractor
Property Details for 21 State St
- Year built
- 1920
- Construction
- WOOD
- Lot size
- 0.47 lot acres
- Zone code
- R2
- Property type
- Grocery and convenience stores
- APN
- 01-004-044.0-014.01
- APU
- 1004044001401
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Apr 11, 2025 | $150,000 | J & L Real Estate Properties LLC | Judith E Corbin | Deed | $150k · Estate Of William Eugene Corbin |
Description
This exceptional commercial property in Albion, PA, presents a rare investment opportunity. The offering encompasses four contiguous parcels totaling 12,000+ square feet of space, strategically located on two high-traffic downtown streets. The property includes two existing buildings, providing immediate income potential or the flexibility for extensive redevelopment. The substantial 1,500 square feet of frontage offers excellent visibility and accessibility for a wide range of commercial ventures. The property's prime location in the heart of Albion ensures high foot traffic and strong visibility. The individual parcel numbers are 01-004-044.0-014.-01, 01-004-044.0-014.-00, 01-004-044.0-014.-02, and 01-004-044.0-016.00. This is an ideal opportunity for investors seeking a multi-faceted commercial property with significant potential for growth and return. The property's size and location make it suitable for a variety of uses, from retail and office space to light industrial or mixed-use development. Don't miss this chance to acquire a substantial commercial holding in a vibrant downtown setting. Priced at $349,000.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $826,000
- AI Estimate
- $569,000
Market price range: $426k - $1.37MMarket price range: $139k - $894k -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $895,000 Current use
- APARTMENT HOUSE (5+ UNITS)
- $1,105,000 Change: +23% Conversion: Difficult
- OFFICE BUILDING
- $950,000 Change: +6% Conversion: Easy
- RESTAURANT
- $920,000 Change: +2% Conversion: Easy
- AUTO REPAIR, GARAGE
- $885,000 Change: -1% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Albion
- County
- Erie
- State
- Pennsylvania
- Longitude
- -80.3656
- Latitude
- 41.8905
- CBSA code
- 21500
- CBSA name
- ERIE, PA METROPOLITAN STATISTICAL AREA
