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    OFF-MARKET
    Office buildings

    425 Mercer St, Volant, PA 16156

    7,888 SF 0.92 ac lot
    Individually Owned ~ Est. High Equity
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    John T Marett
    John T Marett
    1 recorded transaction
    1969
    Zoning & alternative use
    R3 · Volant, PA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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