281 Waterworks RdSomerset, PA 15501

Property Details for 281 Waterworks Rd

Year built

1990

Lot size

0.80 AC

Property type

Retail properties

Property subtype

Turn key restaurants

APN

S41-021-008-000

APU

S41021008000

Description

This exceptional commercial property, located at 281 Water Works Road in Somerset, Pennsylvania, presents a unique investment opportunity. Boasting a prime location directly off the Pennsylvania Turnpike exit, this 1-acre site enjoys unparalleled visibility and accessibility. The property features a 1250-square-foot building currently configured as a Subway restaurant, but readily adaptable to a variety of alternative uses. The substantial blacktop area provides ample parking, currently utilized and generating income from tractor-trailer parking rentals. This characteristic offers a significant potential revenue stream beyond the primary building use. The property's strategic location at the traffic light on the turnpike access road ensures high traffic volume and exposure to a large customer base. The existing building's structure is sound, providing a solid foundation for a new business venture or continued operation as a restaurant. This versatile property is ideal for entrepreneurs seeking a high-traffic location with existing infrastructure and income-generating potential. The combination of excellent visibility, ample parking, and adaptable building space makes this a truly exceptional commercial property. The asking price is $585,000. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $12,253,325

  6.5%

  $11,310,761

  7%

  $10,502,850

• Comparable approach

  Method

  Valuation

  Relative Method

  $17,645,792

  Geo Method

  $17,645,792

• Alternative Use

  Use

  Valuation

  Residential

  $9,541,050

  Hospitality

  $8,739,551

  Educational

  $7,271,204

  Medical

  $7,521,272

  Retail

  $11,310,761

Location Insight

City

Somerset

County

Somerset

State

Pennsylvania

Latitude

40.0184

Longitude

-79.081

CBSA code

43740

CBSA name

SOMERSET, PA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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