Property profile

283 Chestnut St Meadville, PA 16335

FOR SALE
Other investment properties
Property ID
US73-4462399
Individually Owned 15-yr Hold Free & Clear
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Property summary

AI-generated overview

The property is a mixed-use MU-3 site in Meadville featuring a front brick building with a full basement and two attached buildings totaling approximately 9,750 square feet of combined space. It includes a restaurant space previously operated as an Italian restaurant (BYOB configuration) and a private owner’s apartment, along with a garage and a second apartment. A large second-floor area is present and could be developed for additional living space, an art studio, or storage. The property has updated electrical wiring, includes on-site residential and support spaces, and is adjacent to a public parking lot. It is also configured to be divisible into multiple functional areas given the presence of apartments and separate second-floor space.

Property profile

Verified
Property type Other investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
APN 18837
UPID US73-4462399

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
  • Restaurant

Location

283 Chestnut St Meadville, PA 16335
Meadville metro Census 111600 MEADVILLE, PA MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

since 2010
2 recorded transactions
2010
$138,000
2007
$136,500

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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