3928 Avonia Rd Fairview, PA 16415-1070
- Investment properties
- 2,992 SF
- 0.20 lot acres
Current Use by Public Records
- Wagner-Giblin Insurance / Insurance Agency
Property Details for 3928 Avonia Rd
- Year built
- 1862
- Construction
- FRAME
- Lot size
- 0.20 lot acres
- Property size
- 2,992 SF
- Zone code
- B2
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 21-078-014.0-011.00
- APU
- 21078014001100
Description
This exceptional commercial property, located at 3928 Avonia Road in Fairview, Pennsylvania, presents a lucrative investment opportunity. Priced at $240,000, this well-maintained office building boasts 2,992 square feet situated on a 0.2-acre lot. The building is currently leased, generating a monthly income of $2,500, with the owner responsible for taxes and insurance. The property features numerous offices, a reception area, and an updated kitchenette, ensuring functionality and comfort. Ample off-street parking is available in a recently blacktopped lot, providing convenient access for tenants and visitors. The building's central Fairview location offers excellent visibility and accessibility, enhanced by its proximity to I-90 (easily accessible via Exit 16). All utilities are well-maintained, minimizing potential operational concerns for the new owner. This is a turnkey investment opportunity, ideal for an investor seeking a stable income stream from a well-located and updated commercial property. The property is being sold as real estate only
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $240,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $265,000
- 6.5%
- $275,000
- 7%
- $310,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $270,000
- Geo Method
- $270,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $295,000
- Retail
- $300,000
- Mixed-Use
- $320,000
- Hospitality
- $290,000
- Educational
- $325,000
- Residential Income
- $265,000
- Energy
- $270,000
- Income-Based Land
- $320,000
- Food Service
- $265,000
Location Insight
- Map
- Local Demand
- City
- Fairview
- County
- Erie
- State
- Pennsylvania
- Longitude
- -80.2561
- Latitude
- 42.0318
- CBSA code
- 21500
- CBSA name
- ERIE, PA METROPOLITAN STATISTICAL AREA