8557 Mason Dixon HwyMeyersdale, PA 15552

  • Retail properties
  • 1.37 AC
For Sale
$375,000 View listing

Property Details for 8557 Mason Dixon Hwy

Year built
1992
Lot size
1.37 AC
Property type
Retail properties
Property subtype
Turn key restaurants
APN
S14-009-018-000
APU
S14009018000

Description

This exceptional restaurant property at 8557 Mason Dixon Highway in Meyersdale, PA, presents a unique investment opportunity. Boasting over 4200 square feet of space, this charming establishment has built a strong reputation within the community and enjoys consistent high foot traffic. The property sits on a 1.3-acre lot, providing ample parking for over 50 vehicles. Inside, the restaurant features a welcoming and spacious open dining area with a capacity of 125 patrons, perfect for both casual dining and special events. A key highlight is the fully equipped commercial kitchen, ready for immediate operation, eliminating the need for extensive renovations or equipment purchases. The restaurant's character is enhanced by an exposed brick fireplace, creating a warm and inviting atmosphere. The property is handicap accessible, catering to a wider range of customers. Located in a high-traffic area with over 6500 vehicles passing daily, this restaurant benefits from excellent visibility and accessibility. Its proven profitability and loyal customer base make this a truly exceptional opportunity for a discerning buyer seeking a turnkey operation in a thriving community. The asking price is $375,000.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $20,909,934
    6.5%
    $19,301,478
    7%
    $17,922,800
  • Comparable approach

    Method
    Valuation
    Relative Method
    $30,112,020
    Geo Method
    $30,112,020
  • Alternative Use

    Use
    Valuation
    Residential
    $16,281,518
    Hospitality
    $14,913,783
    Educational
    $12,408,092
    Medical
    $12,834,826
    Retail
    $19,301,478
8557 Mason Dixon Hwy, Meyersdale, Pennsylvania

Location Insight

City
Meyersdale
County
Somerset
State
Pennsylvania
Latitude
39.7685
Longitude
-79.0514
CBSA code
43740
CBSA name
SOMERSET, PA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$2,780
-
-
$67,450
-
$15,090
$119,800
$134,890

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