7648 Lincoln HwyCentral City, PA 15926
- Investment properties
- 3.49 AC
Property Details for 7648 Lincoln Hwy
- Year built
- 1953
- Lot size
- 3.49 AC
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- S39-014-129-001
- APU
- S39014129001
Description
This exceptional 11,250 square foot retail property, located at 7648 Lincoln Highway in Central City, Pennsylvania (zip code 15926), presents a unique investment opportunity. Situated on a 3.49-acre lot at the corner of Route 30 and Route 160, this prime location boasts high visibility and accessibility, less than 3.5 miles from the Flight 93 Memorial. The property features a fully operational sports bar and entertainment facility, complete with a liquor license, a fully equipped bar/restaurant, and numerous entertainment games. Four state-of-the-art golf simulators generate additional revenue through active golf leagues. Recent significant upgrades include a new roof, insulation, wiring, HVAC system, compressor, security system with cameras, patio, and water treatment system. Ample parking is available with over 200 spaces. The property is zoned Commercial and includes LED signage on Route 30. All existing inventory and equipment are included in the sale price of $849,900. This thriving business is ready for a new owner to continue its success. The property's APN is 39-014-129-01. This is a single-story building.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $36,183,272
- 6.5%
- $33,399,942
- 7%
- $31,014,232
-
Comparable approach
- Method
- Valuation
- Relative Method
- $30,395,678
- Geo Method
- $30,395,678
-
Alternative Use
- Use
- Valuation
- Residential
- $41,415,928
- Hospitality
- $37,936,768
- Educational
- $31,562,944
- Medical
- $32,648,444
- Retail
- $49,097,916
Location Insight
- City
- Central City
- County
- Somerset
- State
- Pennsylvania
- Latitude
- 40.0592
- Longitude
- -78.8286
- CBSA code
- 43740
- CBSA name
- SOMERSET, PA MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
FAQs
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