8557 Mason Dixon HwyMeyersdale, PA 15552
- Retail properties
- 1.37 AC
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
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
Comparable in this City
Similar Nearby for Sale
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