3494 Berlin Plank RdBerlin, PA 15530

Property Details for 3494 Berlin Plank Rd

Year built

1960

Lot size

1.01 AC

Property type

Retail properties

Property subtype

Turn key restaurants

APN

S08-009-006-000

APU

S08009006000

Description

This exceptional investment opportunity presents the chance to acquire the well-established Coalfield's Diner, a 3,477 square foot restaurant located at 3494 Berlin Plank Road in Berlin, Pennsylvania, zip code 15530. This thriving, full-service diner has been a local favorite for over 20 years, serving breakfast, lunch, and dinner. The property enjoys a prime location, conveniently situated as the first restaurant encountered entering Berlin from I-76 and Somerset. Its strategic placement next to a Dollar General and Whitehouse Brewery ensures high visibility and foot traffic. The diner benefits from limited competition, being the only establishment in town offering food service from dusk till dawn. This net lease property offers a secure investment with 100% occupancy and an asking price of $900,000. The property is a single-tenant retail space, categorized as a restaurant and QSR/Fast Food establishment. Its location offers easy access to Berlin's main street, making it a popular dining destination. This is a rare opportunity to own a profitable, long-standing business in a desirable location. The property's latitude and longitude coordinates are 39.9262836 and -78.9641901 respectively.

• CAP approach

  CAP return

  Valuation

  6%

  $15,347,270

  6.5%

  $14,166,711

  7%

  $13,154,803

• Comparable approach

  Method

  Valuation

  Relative Method

  $22,101,328

  Geo Method

  $22,101,328

• Alternative Use

  Use

  Valuation

  Residential

  $11,950,150

  Hospitality

  $10,946,274

  Educational

  $9,107,171

  Medical

  $9,420,381

  Retail

  $14,166,711

Location Insight

City

Berlin

County

Somerset

State

Pennsylvania

Latitude

39.9263

Longitude

-78.9642

CBSA code

43740

CBSA name

SOMERSET, PA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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