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Georgia City Lights 3036 E State St 7,560 SF Retail Building Hermitage, PA 16148 $610,000 ($80.69/SF)

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Investment Highlights

  • Central Location!
  • High Traffic Count!

Executive Summary

Redevelopment opportunity in the heart of Hermitage! Current building will need to be razed or completely rehabbed. The existing building is made of concrete and steel I beams, so no support poles. Open 3,200 sq ft on the main floor, and a drive in basement with another open 3,200 sq ft that can be used for storage or warehousing. There is also a 1,160 sq ft apartment on the 2nd floor w/balcony. Within 2 blocks you will find your neighbors: Planet Fitness, Aldi, Advance Auto, Auto Zone, Orielly Auto, Sherwin Williams, Flynns Auto, Walgreens, Lowes and the Shenango Valley Mall redevelopment area. Target will be opening a new store 3 blocks away! LOCATION! LOCATION! LOCATION! Ample parking and easy in and out. 12,000 cars per day!

Taxes & Operating Expenses (Actual - 2025)

Annual Annual Per SF
Taxes $6,994 $0.93
Operating Expenses - -

Taxes & Operating Expenses (Actual - 2025)

Taxes
Annual $6,994
Annual Per SF $0.93
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $6,994
Annual Per SF $0.93

Property Facts

Sale Type
Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Bar
Building Size
7,560 SF
Building Class
C
Year Built
1946
Price
$610,000
Price Per SF
$80.69
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.31
Lot Size
0.56 AC
Zoning
CC-1 - Commercial
Parking
30 Spaces (3.97 Spaces per 1,000 SF Leased)
Frontage
177’ on State St

Amenities

  • Corner Lot
  • Balcony

Nearby Major Retailers

Toyota
Sunbelt Rentals-general Equipment & Tools
Citizens Bank
Buffalo Wild Wings
Applebee's
Five Guys
Red Lobster
Bob Evans Restaurants
Starbucks
Huntington National Bank

Property Taxes

Property Taxes

Parcel Number
12-158-005
Land Assessment
$36,300
Improvements Assessment
$32,100
Total Assessment
$68,400
Annual Taxes
$6,994 ($0.93/SF)
Tax Year
2025
  • Listing ID: 16777553

  • Date on Market: 7/31/2019

  • Last Updated:

  • Address: 3036 E State St, Hermitage, PA 16148

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