1606 Center AveSomerset, PA 15501

Somerset Plaza, located at 1606 N Ctr Ave, Somerset, PA 15501, presents a compelling investment opportunity. This 37,497 square foot storefront boasts a strong 8.5% capitalization rate, generating a net operating income (NOI) of $302,920. The property, situated on a 7.66-acre lot, offers ample parking with 115 spaces. Built in 1982 and renovated in 2002, the building is zoned C-1: General Commercial and enjoys 100% occupancy with national corporate tenants under guaranteed leases featuring early signed extensions and options to extend. The property benefits from a grocery shadow anchor and is strategically located along State Highway 601, experiencing a high volume of daily traffic (13,700 vehicles per day). Its excellent visibility and accessibility are further enhanced by a large pylon sign. This property is part of a dense retail corridor, showcasing a strong presence of national credit tenants. The asking price is $3,564,000, translating to a price per square foot of $95.05. The property's APN is S42-007-225-005. This is a rare opportunity to acquire a high-performing, well-located retail asset with significant upside potential.