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7860 W Ridge Rd, Fairview, PA, 16415

15beds
6baths
7,564sqft
$549,900
$73price/sqft
$4,563/moest. monthly cost
$182,520/yrincome needed

About This Home

This hidden gem is a rare commercial investment opportunity situated on acreage in the highly desirable Fairview market! Featuring an existing restaurant space, a potential liquor license opportunity that may be able to be reinstated, and 15+ apartment units offering strong income potential, this property is positioned for serious cash flow with the right management and tenant structure. The site is ideal for a brewery, bar, restaurant, hospitality concept, or mixed-use investment play. Highlights include a new roof, new HVAC system, updated plumbing, ample parking, an outbuilding, a finished lower level, wraparound deck, outdoor bar, and fire pit area. With multiple income streams and endless upside, this one-of-a-kind property offers tremendous potential for investors or entrepreneurs ready to bring their vision to life. Liquor license status, apartment count, permitted uses, and future income potential to be verified by buyer. OWNER FINANCING MAY BE AVAILABLE TO QUALIFIED BUYERS!

Getting Around

27
WalkingCar-Dependent
0
TransitVery Limited Transit
34
BikeSomewhat Bikeable

Schools

8/10
Fairview Middle SchoolGrades 5-80.8 mi
10/10
Fairview High SchoolGrades 9-120.9 mi
9/10
Fairview El SchoolGrades K-40.8 mi

Construction

Condition

  • Property condition: Resale
  • Year built: 1863

Materials

  • Roof: Composition
  • Construction materials: Brick

Type & Style

  • Home type: MultiFamily
  • Architectural style: Three Story
  • Property subType: Multi Family

Interior

Bedrooms & Bathrooms

  • Bedrooms: 15
  • Bathrooms: 6

Heating & Cooling

  • Heating features: Forced Air,Multi-Fuel
  • Cooling features: Window Unit(s)

Interior Area

  • Total structure area: 7,564
  • Total interior livable area: 7,564 sqft

Property

Details

  • Parcel number: 21067102.0007.00
  • Zoning description: B-2

Features

  • Levels: Three Or More
  • Stories: 3

Lot

  • Lot size: 2.84 Acres
  • Features: Flat
  • Lot size dimensions: 0 x 0 x 0 x 0

Parking

  • Total spaces: 20
  • Parking features: Detached,Garage
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Lightning
    LightningRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Inland Flooding
    Inland FloodingModerate
  • Strong Wind
    Strong WindModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Lightning
Winter Weather
Inland Flooding
Strong Wind
Tsunami

FEMA Declared Disasters Across Pennsylvania Counties

Flood
Tropical Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,780$33,360
Home Insurance *$258$3,096
Property Taxes $696$8,352
Electricity $829$9,958
Total$4,563$54,756
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$156,445/yr
40% on housing$136,890/yr
45% on housing$121,680/yr

Pennsylvania FAIR Plan Programs

Insurance Placement Facility of Pennsylvania/FAIR Plan

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 8,982Commercial: 984
Total Premiums$5.34M
Total Exposure$1.33B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.5%
8.5%
0%30.0%
Electricity Growth Rate10-year average: 8.4%
8.4%
0%15.0%
Property Taxes Growth Rate2-year average: -0.3%
-0.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$73This listing

vs Other Active Listings

Avg $/sqft

ZIP 16415$202
Erie County$115

vs Homes Sold Last Month

Median $/sqft

ZIP 16415$179
Erie County$139

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-08-14Price change$489,900
2026-07-16Price change$549,900
2026-07-02Listed for sale$649,900
2024-01-06Listed for rent$500
2022-06-02Sold$325,000
2021-09-13Pending sale$399,900
2021-08-18Price change$399,900
2021-04-12Listed for sale$424,900
2020-02-09Listing removed$449,900
2020-01-22Price change$449,900
2019-10-07Price change$499,900
2019-08-08Listed for sale$549,900

For Sale by Agent

AgentJake Scheloske
BrokerageAgresti Real Estate

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