Downtown Oil City has many fine buildings with unique features and vast possibilities. Street level and upper floor space is available for both rent and purchase. These affordable buildings and spaces can be an exceptional investment for the savvy entrepreneur or property developer.
Allow us to help you find the perfect space for you. Tell us your requirements and we will search our database and contact our property professionals to make your search quick, easy, and thorough. Your inquiries are confidential.
To list your commercial space for purchase or rent, please complete the Property Release Form and return it to:
Main Street Manager
217 Elm Street
Oil City, PA 16301
(814) 677-3152, ext. 101
Property listing requests are subject to review by a committee and the Main Street Manager. Properties must be within the downtown Main Street district and be owned or represented by the person making the request.
Having your property listed in the Main Street database is a proactive way to connect with potential tenants or buyers as our office receives numerous inquiries throughout the year from individuals looking for the perfect place to start, expand, or invest in a business.
Downtown Oil City has many resources available to downtown businesses as well as those considering starting a new business venture.
The Main Street Manager can guide you as you explore your business opportunities and needs. Additionally there are other local resources that may be of value to you including:
The Oil City Main Street program offers businesses located in the downtown Main Street District support through various incentives, trainings, and workshops. In addition to the hands-on activities the volunteers provide such as downtown clean-up, aesthetic initiatives, and promotional events, our Main Street program provides real incentives toward initiatives that create synergy with the Main Street mission and support the overall look and perception of downtown.
Facade Improvement Grant Program
The Oil City Main Street Facade Improvement Grant Program is a reimbursable, 50/50 matching grant for facade improvements including signage, awnings, windows, doors, masonry, paint, architectural elements, and design assistance on commercial buildings located within the Main Street District. Since 2012, over $60,000 in grants have been awarded for various projects, matched by $124,000 in private investment and resulting in over $184,000 in storefront improvements.
Click here for the program brochure, or contact Kathy Bailey, Main Street Manager at (814) 677-3152 ext. 101 or firstname.lastname@example.org for a complete application packet.
City of Oil City Facade Loan Program
The City of Oil City offers a low interest small loan program to businesses/building owners wishing to update or improve their facades. This loan can be used as match for the Main Street Facade Grant. Contact Kristin Arendash at (814) 678-3018 for information on how to apply.
ARTS REVITALIZATION PROGRAM
ARTS Oil City's Artist Relocation program is a home-ownership model. All Residential-2 Zone properties in Oil City are now zoned by ordinance for live-work-gallery space, as long as 50% of items sold are created by the artist on the premises. In-home businesses must be approved by the Oil City Zoning Board.
Downtown studio workspace is available at $0.59/square foot/month, and includes utilities and liability insurance. Non-profit downtown art galleries also offer a 65/35 commission agreement. A $15 hanging fee may apply.
Program details are here or contact Joann Wheeler at (814) 676-5303 to learn what opportunities apply to you.
The following incentives apply to property purchases in Oil City:
LERTA for Commercial or Industrial Buildings
Oil City’s LERTA (Local Economic Revitalization Tax Abatement) program provides tax relief on a building over a 10-year period to building owners undertaking the redevelopment of under utilized buildings. You may be entitled to a property tax exemption on your contemplated alteration or new construction of deteriorated industrial, commercial or other business property. The LERTA provides tax forgiveness on the assessed value of the improvements for up to 10 years (100% the first year sliding to 0% in year 10).
Your project must be filed with the City of Oil City at the time a building or alteration permit is secured. More information can be obtained by calling the Code Enforcement Office at (814) 678-3003 or view the LERTA application here.
State & Federal Historic Tax Credits
Tax credits are available for the redevelopment of under utilized historic commercial buildings. Contact the Bureau of Historic Preservation of PHMC (Pennsylvania Historical & Museum Commission) at (717) 787-4363 for more info.
The Oil City Main Street program has a a variety of ways that you can contribute to downtown's vitality. Our efforts rely heavily on the generous contributions of pledges, time, and effort. Volunteers serve on strategic Main Street committees, and help with downtown Oil City’s five year Main Street plan. Volunteers are vital to the implementation of this plan, and ensure we are always moving forward. If you would like to see what Main Street is about, and explore ways you can serve the downtown, consider participating on a committee.
The Oil City Main Street program is supported by generous pledges from downtown businesses and from those that want to see downtown Oil City thrive. These pledges are used for matching funds toward a Main Street grant from the Department of Community & Economic Development.
These funds also ensure the sustainability of our Oil City Main Street efforts after the state funding ends.
Your pledges are used specifically for Main Street efforts and stay in the downtown. You can pledge any amount, and your contributions can be made annually or as often as you want.
MAIL OR DELIVER CHECKS TO:
Kathy Bailey, Main Street Manager
Oil Region Alliance
217 Elm Street
Oil City, PA 16301
Make checks payable to our fiscal agent: “Oil Region Alliance”
Memo/Subject: “Oil City Main Street Program”