1534 Center AveSomerset, PA 15501

Property Details for 1534 Center Ave

Year built

1970

Lot size

10.04 AC

Property type

Investment properties

Property subtype

Live-work space

APN

S42-007-059-001

APU

S42007059001

Description

This exceptional retail property, Somerset Commons, located at 1534 N Ctr Ave, Somerset, PA 15501, presents a unique investment chance. The single-story building comprises ten individual suites, totaling 5,500 square feet, with one currently available for lease. Situated in Somerset County, Pennsylvania, this property offers excellent visibility and accessibility for businesses seeking a thriving retail environment. The building's single-story design provides convenient access for customers and employees. The multiple tenancy structure allows for diverse business opportunities within the same location, fostering a vibrant and synergistic community. The property's location in Somerset offers access to a strong local market and provides ample opportunities for growth and expansion. This is an ideal space for small shops and stores looking to establish a presence in a well-established commercial area. The available suite offers a blank canvas for customization, allowing businesses to create a space that perfectly reflects their brand and operational needs. Interested parties are encouraged to inquire about lease terms and availability. This is a rare opportunity to secure a prime retail space in a desirable location. The property's convenient location and ample space make it an attractive option for a variety of retail businesses. Don't miss out on this chance to establish your business in a thriving community.

• CAP approach

  CAP return

  Valuation

  6%

  $104,050,464

  6.5%

  $96,046,584

  7%

  $89,186,112

• Comparable approach

  Method

  Valuation

  Relative Method

  $87,407,368

  Geo Method

  $87,407,368

• Alternative Use

  Use

  Valuation

  Residential

  $119,097,760

  Hospitality

  $109,092,912

  Educational

  $90,764,024

  Medical

  $93,885,536

  Retail

  $141,188,480

Location Insight

City

Somerset

County

Somerset

State

Pennsylvania

Latitude

40.0341

Longitude

-79.0738

CBSA code

43740

CBSA name

SOMERSET, PA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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