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3886 Us 62 Oil City, PA 16301-7154

OFF-MARKET Commercial real estate Google Maps
0.98 ac lot
Individually Owned 1-yr Hold ~ Est. High Equity
Estimated value (blended)
$255k
Range $230k – $281k (±10%)
Property ID US73-3086516

Property summary

AI-generated overview

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.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.98 ac (42,689 SF)
APN 22,011.-005..-000
UPID US73-3086516

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$255k

Owner & transaction history

since 2025
Last sale
$150,000
3 recorded transactions
2025
$150,000
2018
$42,500
2009
Price N/A

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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