Property profile

259 Venango Ave 267 Cambridge Springs, PA 16403

OFF-MARKET
Investment properties
Property ID
US73-4642456
Individually Owned Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This 2,300 square foot mixed-use building, located at 259 Venango Ave, Cambridge Springs, PA 16403, presents a fantastic opportunity. Completely renovated in 2020, this property boasts numerous upgrades including new PEX & PVC plumbing, 220V/3-phase electric, a new gas furnace and electric central air conditioner, full insulation, updated interior finishes and lighting, two new restrooms, an expanded kitchen, new hood fans, and a rough-edge timber bar. The building features ample seating: approximately 68 indoor seats, approximately 14 bar seats, and approximately 40 outdoor seats. All equipment is included in the sale price of $140,000. Situated on a 0.13-acre lot zoned B-1 (Central Business District), the property offers convenient access to public utilities. Parking is readily available with three spaces in a private lot, five free street parking spaces, and an additional public lot with 8-10 spaces located 135 feet away. A 3D tour and floor plan are available upon request. The property is also available for lease at $12.00 per square foot per year (approximately $2,300 per month), plus taxes, snow removal, lawn care, and utilities. This single-story, 1998-built building (APN: 16-0-005210 & 16-0-005212) is currently vacant.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
APN 5210
UPID US73-4642456

Cap rate & NOI

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

Location

259 Venango Ave, Unit 267 Cambridge Springs, PA 16403-1153
Cambridge Springs metro Census 110202 MEADVILLE, PA MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

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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