Property profile

2372 Cranberry Rockland Rd Cranberry, PA 16319

FOR SALE
Parking lots & garages
Property ID
US73-3212811
0.51 ac lot
Individually Owned 5-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 0.51-acre commercial land parcel, located at 2372 Cranberry Rockland Rd in Cranberry, Pennsylvania (zip code 16319, APN 08, 029.-017..-000), presents a unique investment opportunity. Situated at a prime intersection in Venango County, this property boasts an average daily traffic count exceeding 15,000 vehicles. Previously developed, the existing structures have been removed, leaving a clean slate for new construction. The land is zoned for commercial use, offering flexibility for a variety of development projects. Public water and sewer services are readily available, along with high-speed internet and cable TV access. This high-visibility location ensures maximum exposure for any future business. The asking price is $489,000. Don't miss this chance to capitalize on this high-traffic location and build your dream commercial venture. This property is ready for immediate development.

Property profile

Verified
Property type Parking lots & garages
Use group PARKING LOT
Lot 0.51 ac (22,216 SF)
APN 08,029.-017..-000
UPID US73-3212811

Cap rate & NOI

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

Location

2372 Cranberry Rockland Rd Cranberry, PA 16319
Cranberry metro Census 201300 OIL CITY, PA MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$225k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$220k

Owner & transaction history

since 2021
Last sale
$215,000
1 recorded transaction
2021
$215,000

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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