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Property profile & analytics
OFF-MARKET
Commercial real estate

662 Airport Rd Punxsutawney, PA 15767-3713

13,214 SF 16.4 ac lot Built 1959
Entity Owned 6-yr Hold Free & Clear
Property ID
US73-4624421
Property summary
AI-generated overview

This exceptional commercial opportunity presents a substantial 2.8-acre property located at 662 Airport Road in Punxsutawney, Pennsylvania. The main structure, formerly Bell Township Elementary School, offers immense potential for redevelopment and repurposing. Its spacious layout and ample land provide a blank canvas for a variety of commercial ventures. Imagine transforming this historic building into a thriving retirement community, catering to the growing senior population. Alternatively, envision a unique antique mall, showcasing local craftsmanship and attracting tourists to the area. The possibilities extend to a modern office complex, providing flexible workspaces for businesses seeking a distinctive location. The property's existing appliances and furniture are included in the sale, representing a significant cost savings for any prospective buyer. This turnkey opportunity in Jefferson County offers a rare chance to acquire a substantial property with significant upside potential. The 2.8-acre lot provides ample space for expansion or additional development, further enhancing its value and versatility. Located in Punxsutawney, the property benefits from convenient access to local amenities and transportation routes. This is an exceptional investment opportunity for those seeking a large-scale project with high potential returns. The property is priced competitively at $350,000, reflecting its significant potential and the included fixtures. Serious inquiries are encouraged to explore the full potential of this remarkable property.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1959
Total area 13,214 SF
Lot 16.4 ac (714,384 SF)
APN 03-526-0217-A
UPID US73-4624421
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
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Tibbco Holdings LLC · 6 yrs held
Tibbco Holdings LLC
since 2020
Last sale
$200,000
4 recorded transactions
2022
Price N/A
2021
Price N/A
2020
Price N/A
2018
$101,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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