117 Scholl LnN BELL VERNON, PA 15012

Property Details for 117 Scholl Ln

Lot size

3.09 AC

Property size (Sq ft)

3,725 SF

Property type

Hospitality properties

Property subtype

Other specialty properties

Description

This exceptional 3,725 sq ft commercial property in North Bell Vernon, PA, presents a unique investment opportunity. Located on a 3.09-acre lot with approximately 350 feet of frontage near Route 51 and a future residential development, this versatile space offers significant potential. Originally built to international ballet studio standards, the building features high windows for natural light, specialized flooring ideal for dance or fitness, and a fully equipped Italian restaurant. The property boasts ample parking, including a multi-car garage, perfect for storage or event needs. Currently operating as a restaurant and previously used as a dance and yoga studio, this B-2 zoned property is adaptable to various uses, including fitness centers, event venues, or similar businesses. The high NOI of $182,940 and a 30.50% cap rate make this a compelling investment. The property's proximity to a planned residential development (estimated 68 single-family homes and 86 duplex units) and nearby Castle Ridge (165 planned units) promises increased customer traffic. Its location near Vinoski Winery further enhances its appeal. Asking price is $599,900 ($161.05/sq ft). Note: Development plans are estimates and should be independently verified.

Location Insight

City

N BELL VERNON

County

Westmoreland

State

Pennsylvania

Latitude

40.1837

Longitude

-79.8049

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