Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    280 S Main St Cambridge Springs, PA 16403
    Back to Search
    Property profile & analytics

    280 S Main St Cambridge Springs, PA 16403

    View on Map
    • Commercial real estate
    For Sale
    $140,000
    View Listing →
    Cambridge Springs Mixed-Use Building For Sale
    $140,000
    7,450 SF

    Cambridge Springs Mixed-Use Building

    7,450 SF commercial building with multiple potential uses.

    280 S Main St, Cambridge Springs, PA 16403
    View Listing
    Property ID
    US73-4633724
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Scotts Heating & AC Inc / HVAC Service / General Contractor

    Property Details for 280 S Main St

    Property type
    Commercial real estate
    APN
    5209
    APU
    5209

    Description

    This exceptional 7,450 square foot mixed-use building presents a unique investment opportunity in the vibrant downtown of Cambridge Springs, Pennsylvania. Built in 1948 and partially renovated in 2020, this two-story structure boasts a spacious first floor ideally suited for a restaurant or bar, featuring a kitchen with stainless steel sinks and a grease trap, two new ADA-compliant restrooms, new windows, a new 220V single-phase electric service, and a new gas forced-air furnace with electric central AC. A large warehouse/storage area with an overhead door (10'W x 9'6"H) and 11' ceilings, plus an additional interior storage area (8'W x 7'H), offers ample space for various uses. The I-beam structure may allow for an open or clear-span layout. Upstairs, a two-bedroom, one-bathroom apartment with hardwood floors, a newer gas forced-air furnace, and some new windows provides additional income potential. The second-floor storage area also offers the possibility of converting into a second apartment. The property sits on a 0.24-acre corner lot at a signalized intersection, providing convenient access and visibility. An 8-10 space parking lot is also available. The B-1 zoning allows for a wide range of uses, including retail, multi-family, office, tavern, healthcare facility, and fitness center. Recent improvements include newer rubber roofs installed in 2020 and 2016. Public utilities are available. Floor plans and a 3D tour are accessible upon request. Asking price is $140,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Cambridge Springs
    County
    Crawford
    State
    Pennsylvania
    Longitude
    -80.0586
    Latitude
    41.8029
    CBSA code
    32740
    CBSA name
    MEADVILLE, PA MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $2,766
    $4,700
    $25,825
    $30,525
    -
    $6,299
    $34,433
    $40,732

    Comparable in this City

    • Value Estimation by Request
      0.53 Acres

      Cambridge Springs, PA 16403

      COMMERCIAL (GENERAL) • 0.53 Acres
      Cambridge Springs, PA 16403
      View Details
    • Value Estimation by Request

      Spg St

      COMMERCIAL (GENERAL)
      Spg St, Cambridge Springs, PA 16403
      View Details
    • Value Estimation by Request

      Venango Ave

      COMMERCIAL (GENERAL)
      Venango Ave, Cambridge Springs, PA 16403
      View Details
    • Value Estimation by Request

      111 Bolard Ave

      COMMERCIAL (GENERAL)
      111 Bolard Ave, Cambridge Springs, PA 16403-1181
      View Details
    • Value Estimation by Request
      1.95 Acres

      24008 Plank Rd

      COMMERCIAL (GENERAL) • 1.95 Acres
      24008 Plank Rd, Cambridge Springs, PA 16403-2728
      View Details
    • Value Estimation by Request
      7.25 Acres

      1 Fountain St

      COMMERCIAL (GENERAL) • 7.25 Acres
      1 Fountain St, Cambridge Springs, PA 16403-1010
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,000 SF

      Turn-Key Outfitters Store Opportunity

      Established outdoor recreational business with equipment and infrastructure included.
      330 Mcclellan St, Cambridge Springs, PA 16403
      View Details
    • $140,000
      7,450 SF

      Commercial Building with Restaurant Potential

      7,450± SF commercial building with restaurant and apartment potential.
      280 Main St, Cambridge Springs, PA 16403
      View Details
    • Contact for pricing
      7,450 SF

      Cambridge Springs Mixed-Use Building

      7,450 SF commercial building with multiple potential uses.
      280 S Main St, Cambridge Springs, PA 16403
      View Details
    • Contact for pricing
      2,300 SF

      Turn-Key Restaurant For Sale

      Completely renovated restaurant with equipment included, ready for immediate operation.
      259 Venango Ave, Cambridge Springs, PA 16403
      View Details
    • $140,000
      2,300 SF

      Turn-Key Restaurant with Outdoor Seating

      Renovated restaurant with indoor, bar, and outdoor seating.
      259 Venango Ave, Cambridge Springs, PA 16403
      View Details
    • $240,000
      3,000 SF

      Turn-Key Outfitters Store for Sale

      Established outdoor recreational business with live bait and tackle store.
      330 Mcclellan Street Ext, Cambridge Springs, PA 16403
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    280 S Main St
    Cambridge Springs, PA 16403
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    280 S Main St, Cambridge Springs, PA, 16403
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!