298 Cemetary RdMeyersdale, PA 15552

Property Details for 298 Cemetary Rd

Year built

2003

Lot size

3.25 AC

Property type

Investment properties

Property subtype

Live-work space

APN

S46-009-018-003

APU

S46009018003

Description

This expansive 7,942 square foot industrial warehouse, situated on a 5.34-acre lot in Meyersdale, Pennsylvania, presents a unique opportunity for businesses seeking efficient and versatile space. The property boasts a 100x100 foot footprint, meticulously designed for optimal functionality. Features include eight garage bays, one of which is a wash bay, providing ample space for vehicle maintenance and loading/unloading operations. An underground pit facilitates seamless access for repairs and maintenance. The warehouse also includes truck scales for precise weight measurements of incoming and outgoing shipments. Heated floors ensure optimal working conditions year-round. Significant office space is incorporated into the design, enhancing operational efficiency. The property's prime location offers convenient access to major transportation routes, making it ideal for distribution, manufacturing, or storage operations. The building's design and features are well-suited to a variety of industrial needs, offering a space to elevate operations and maximize productivity. The property also includes a separate residential component, detailed in the original listing, which is not included in the industrial property price.

• CAP approach

  CAP return

  Valuation

  6%

  $33,695,112

  6.5%

  $31,103,180

  7%

  $28,881,524

• Comparable approach

  Method

  Valuation

  Relative Method

  $28,305,506

  Geo Method

  $28,305,506

• Alternative Use

  Use

  Valuation

  Residential

  $38,567,944

  Hospitality

  $35,328,028

  Educational

  $29,392,504

  Medical

  $30,403,358

  Retail

  $45,721,672

Location Insight

City

Meyersdale

County

Somerset

State

Pennsylvania

Latitude

39.8165

Longitude

-79.0651

CBSA code

43740

CBSA name

SOMERSET, PA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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