433 Patriot StSomerset, PA 15501

Property Details for 433 Patriot St

Year built

1964

Lot size

0.11 AC

Property type

Investment properties

Property subtype

Live-work space

APN

S41-033-295-000

APU

S41033295000

Description

This exceptional investment opportunity presents a two-story, 0.114-acre commercial building located at 433 Patriot Street in Somerset, Pennsylvania (zip code 15501). Priced at $159,000, the property boasts 8 parking spaces and features a versatile layout previously configured as a dental office. The ground floor comprises 4 procedure rooms, a waiting room, reception area, lab room, private office, storage room, and two restrooms. The non-load-bearing walls offer significant flexibility for customization to suit various business needs. The second floor includes two residential apartments – a three-bedroom and a one-bedroom unit – generating rental income. Tenants are responsible for all utilities. Additionally, two garage spaces are available, potentially yielding an extra $100 monthly income. This property's location on a busy Somerset street, combined with the income-generating apartments, makes it an attractive investment for entrepreneurs or those seeking a strong return on investment. The property's APN is S41-033-295-00. This is a rare opportunity to acquire a well-situated commercial property with significant upside potential in a thriving Pennsylvania community.

• CAP approach

  CAP return

  Valuation

  6%

  $1,349,450

  6.5%

  $1,245,650

  7%

  $1,156,670

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,019,900

  Geo Method

  $1,019,900

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,408,130

  Retail / Commercial

  $1,243,380

  Hospitality / Lodging

  $922,615

  Office

  $1,245,230

  Institutional / Educational

  $1,297,370

  Residential Income

  $1,517,920

  Multifamily

  $1,783,360

  Automotive / Energy

  $1,112,030

  Parking / Income-Based Land

  $377,127

  Restaurant / Food Service

  $662,170

  Healthcare / Senior Housing

  $1,270,520

Location Insight

City

Somerset

County

Somerset

State

Pennsylvania

Latitude

40.0073

Longitude

-79.0868

CBSA code

43740

CBSA name

SOMERSET, PA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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.

How do I access a private listing?

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.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].