5101 National PikeMarkleysburg, PA 15459

  • Retail properties
  • 5.00 AC
For Sale
$299,000 View listing

Property Details for 5101 National Pike

Lot size
5.00 AC
Property type
Retail properties
Property subtype
Turn key restaurants
APN
16-12-0028
APU
16120028

Description

This exceptional mixed-use property in Markleysburg, Pennsylvania, presents a unique investment opportunity. Located at 5101 National Pike, this 5-acre parcel includes a fully operational bar and restaurant with a Type R liquor license already in place. Upstairs, you'll find a completely renovated two-bedroom, one-bathroom apartment boasting a fireplace, high ceilings, and an eat-in kitchen. An additional unfinished apartment space offers significant potential for expansion or rental income. The property's prime location, just six miles from Nemacolin Resort and five miles from Yough Dam, places it within easy reach of the scenic Laurel Highlands and State Game Lands #265, attracting both tourists and local residents. The existing restaurant and bar are ready for immediate operation, while the upper-level apartments provide versatile options for rental income, short-term stays, or owner occupancy. The property is being sold as-is, offering a chance to capitalize on its existing features and potential for future development. This is a rare chance to acquire a turnkey business with significant residential upside in a desirable location. The asking price is $299,000.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $76,202,792
    6.5%
    $70,341,040
    7%
    $65,316,676
  • Comparable approach

    Method
    Valuation
    Relative Method
    $109,738,272
    Geo Method
    $109,738,272
  • Alternative Use

    Use
    Valuation
    Residential
    $59,335,296
    Hospitality
    $54,350,812
    Educational
    $45,219,236
    Medical
    $46,774,396
    Retail
    $70,341,040
5101 National Pike, Markleysburg, Pennsylvania

Location Insight

City
Markleysburg
County
Fayette
State
Pennsylvania
Latitude
39.7643
Longitude
-79.4572
CBSA code
38300
CBSA name
PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$1,565
$24,500
$39,640
$64,140
-
$49,000
$79,280
$128,280

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