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425 Mercer St Volant, PA 16156

OFF-MARKET Office buildings Google Maps
7,888 SF 0.92 ac lot
Individually Owned ~ Est. High Equity
Estimated value (blended)
$285k
Range $257k – $314k (±10%)
Property ID US73-3436957

Property summary

AI-generated overview

This historic two-story brick building, formerly Volant Elementary School, presents a unique investment opportunity in Volant, PA. Located at 425 Mercer Street, the property boasts 7,000 total square feet, with 3,500 square feet of net rentable space. Built in 1890 and renovated in 1998, the building features six units, including four modern apartments ideal for corporate guests or long-term tenants. The fully renovated interior includes updated office spaces, conference rooms, and reception areas, complete with a modern technology infrastructure. The property is zoned R3 and offers ample parking with 30 spaces. Situated just minutes from Grove City and close to Grove City College and Westminster College, this location provides excellent accessibility and visibility. Its proximity to State Route 19 further enhances its strategic location. The asking price is $462,500. This property offers a compelling blend of historical character and modern functionality, making it an attractive investment opportunity for discerning buyers. The Lawrence County location, with APN 20-007100, adds to its appeal. This is a chance to own a piece of history while capitalizing on a strong rental income stream.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Total area 7,888 SF
Lot 0.92 ac (40,075 SF)
Zoning code R3
APN 20-005500
UPID US73-3436957

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
$285k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$285k

Owner & transaction history

1 recorded transaction
1969
Price N/A

Zoning & alternative use

R3 · Volant, PA

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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