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11 Gillis Ave 156,648 SF 82% Leased Industrial Building Ridgway, PA 15853 $5,887,143 CAD ($37.58 CAD/SF) 7.40% Cap Rate
Investment Highlights
- Located on 10.73 acres in Ridgway with strong regional connectivity to main transportation corridors.
- Current 82% occupancy provides immediate income with potential upside through additional leasing.
- 156,648 square feet of multi-tenant industrial space with adaptable floor layouts for varied uses.
- C-Commercial zoning offers broad industrial and commercial use opportunities for long-term adaptability.
Executive Summary
Property Facts
| Price | $5,887,143 CAD | Rentable Building Area | 156,648 SF |
| Price Per SF | $37.58 CAD | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1940 |
| Cap Rate | 7.40% | Parking Ratio | 0.64/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 20’ |
| Property Subtype | Manufacturing | No. Dock-High Doors/Loading | 7 |
| Building Class | C | No. Drive In / Grade-Level Doors | 3 |
| Lot Size | 10.73 AC | ||
| Zoning | C - Commercial zoning | ||
| Price | $5,887,143 CAD |
| Price Per SF | $37.58 CAD |
| Sale Type | Investment |
| Cap Rate | 7.40% |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 10.73 AC |
| Rentable Building Area | 156,648 SF |
| No. Stories | 1 |
| Year Built | 1940 |
| Parking Ratio | 0.64/1,000 SF |
| Clear Ceiling Height | 20’ |
| No. Dock-High Doors/Loading | 7 |
| No. Drive In / Grade-Level Doors | 3 |
| Zoning | C - Commercial zoning |
Amenities
- Storage Space
Utilities
- Lighting - Fluorescent
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Industrial property located at 11 Gillis Ave, Ridgway, Pennsylvania. The facility contains approximately 156,648 square feet on approximately 10.73 acres and is reported as 72% occupied by 10 tenants. The property is zoned C-Commercial and is located near US Route 219 with regional access to Interstate 80 and surrounding transportation networks.
| Space | Size | Space Use | Build-Out | Available |
| 1st Fl - #10 & #3 | 4,200-60,000 SF | Industrial | Full Build-Out | Now |
1st Fl - #10 & #3
| Size |
| 4,200-60,000 SF |
| Space Use |
| Industrial |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
1st Fl - #10 & #3
| Size | 4,200-60,000 SF |
| Space Use | Industrial |
| Build-Out | Full Build-Out |
| Available | Now |
Industrial property located at 11 Gillis Ave, Ridgway, Pennsylvania. The facility contains approximately 156,648 square feet on approximately 10.73 acres and is reported as 72% occupied by 10 tenants. The property is zoned C-Commercial and is located near US Route 219 with regional access to Interstate 80 and surrounding transportation networks.
Property Taxes
| Parcel Number | 12-12-246-5318 | Improvements Assessment | $90,385 CAD |
| Land Assessment | $64,412 CAD | Total Assessment | $154,797 CAD |
Property Taxes
Presented by
11 Gillis Ave
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