892 Stoystown RdSomerset, PA 15501

Property Details for 892 Stoystown Rd

Year built

1983

Lot size

2.23 AC

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

S42-008-026-002

APU

S42008026002

Description

This exceptional mixed-use office building, located at 892 Stoystown Rd, Somerset, Pennsylvania 15501, presents a compelling investment opportunity. The 6,860 square foot property, built in 1983, sits on a 2.53-acre lot and features three existing units, each with a separate entrance. Two units are currently leased, generating immediate income. The building's design allows for the potential creation of three additional units, significantly increasing rental revenue. Ample parking is available, along with a dedicated garage suitable for storage or business use. The property benefits from a high-traffic location, with PennDOT statistics indicating 31,000 cars passing daily. The building is well-maintained and has undergone numerous updates over the years. The asking price is $450,000, translating to $65.60 per square foot. This single-story building offers a rare blend of immediate income potential and future expansion possibilities, making it an attractive investment for owner-users or investors seeking a strong return. The property's prime location and versatile layout make it ideal for a variety of commercial uses. This is a turnkey opportunity to acquire a well-established and profitable commercial property in a thriving area.

• CAP approach

  CAP return

  Valuation

  6%

  $23,068,192

  6.5%

  $21,293,716

  7%

  $19,772,736

• Comparable approach

  Method

  Valuation

  Relative Method

  $19,378,384

  Geo Method

  $19,378,384

• Alternative Use

  Use

  Valuation

  Residential

  $26,404,206

  Hospitality

  $24,186,112

  Educational

  $20,122,560

  Medical

  $20,814,606

  Retail

  $31,301,762

Location Insight

City

Somerset

County

Somerset

State

Pennsylvania

Latitude

40.0251

Longitude

-79.0507

CBSA code

43740

CBSA name

SOMERSET, PA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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