78 West Mill St Port Allegany, PA 16743

0.89 ac lot

Entity Owned 2-yr Hold ~ Est. High Equity

Property ID

US73-4452336

$135,000

78 West Mill St, Port Allegany, PA 16743
View Listing →

Google Maps

This exceptional 16,463-square-foot, two-story office building in Port Allegany, Pennsylvania, presents a unique investment opportunity. Situated on a 0.89-acre lot directly across from the town square, this prominent location boasts high visibility on a heavily traveled road (Historic Route 6) at the corner of Mill and Main Streets. The building, over 100 years old, retains its original charm with a grand foyer and double spiral staircase, yet features modern updates including central HVAC, energy-efficient double-paned windows, updated electrical and plumbing systems, and a new wheelchair lift. ADA-compliant entrances and bathrooms ensure accessibility. The property includes ample rear parking and two large storefront retail spaces, offering flexibility for various business needs. The entire 16,463 square feet is currently available for lease. The building's location within a thriving downtown area, close to amenities such as restaurants, medical facilities (Olean Medical Group), the US Post Office, Sheetz, Rite Aid, and the Fire Department, adds to its appeal. This is the only building of its kind in McKean County, a rural area in northwestern Pennsylvania situated atop rich Marcellus and Utica Shale fields. The property offers tremendous upside potential for income generation. The zoning is commercial. The building consists of one structure with two stories.