1534 Center AveSomerset, PA 15501
- Mixed-use properties
- 10.04 AC
Property Details for 1534 Center Ave
- Year built
- 1970
- Lot size
- 10.04 AC
- Property type
- Mixed-use properties
- Property subtype
- Other investment properties
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
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- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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