3886 Us 62, Oil City, PA 16301-7154
This exceptional investment opportunity in Oil City, Pennsylvania, presents a unique blend of commercial and residential real estate. Situated on nearly one acre of land at 3886 US 62, this property offers a first-floor commercial space ideal for a variety of retail businesses. The space is adaptable and ready for immediate occupancy. Upstairs, a beautifully remodeled two-bedroom apartment provides significant income potential. Live in the charming apartment and operate your business below, or rent out the apartment for additional revenue streams. Recent upgrades enhance the property's value and appeal. These include a new roof, new flooring throughout, a new water heater, newly constructed sidewalks, and a delightful new enclosed sunroom/laundry area. The apartment boasts attractive features such as charming exposed wood beams, a cozy wood-burning stove, stylish vinyl plank flooring, and a modern barn sliding door. A new deck overlooks a peaceful backyard, offering a tranquil outdoor space. The property's location near the Allegheny National Forest adds to its desirability. This is a rare chance to acquire a well-maintained property with strong potential for both business and residential income in a desirable location. The property is zoned for commercial use and is located in Venango County, PA, zip code 16301. The asking price is $175,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.