5101 National PikeMarkleysburg, PA 15459
- Retail properties
- 5.00 AC
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
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
Comparable in this City
Similar Nearby for Sale
FAQs
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