5015 Somerset PikeHollsopple, PA 15935

Property Details for 5015 Somerset Pike

Year built

1953

Lot size

1.13 AC

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

S12-025-003-000

APU

S12025003000

Description

This exceptional commercial property in Hollsopple, Pennsylvania, presents a unique investment opportunity. Located at 5015 Somerset Pike, this 1.1-acre lot features two buildings totaling 10,500 square feet, zoned for commercial use. The property is currently vacant and being sold in "as is" condition. One building is the former Yoder's Cloverfarm Store, offering significant potential for redevelopment as a warehouse or storage facility. The second building, a two-story structure, previously served as both a retail space and a residential apartment. This building boasts a newer metal roof, adding to its structural integrity. The property's size and versatile layout provide ample space for a variety of commercial uses. The distressed sale condition presents a compelling opportunity for investors seeking a high-return project. The property's location in Somerset County, Pennsylvania, offers access to a local market and potential for growth. With its substantial square footage and multiple building options, this property is ideal for entrepreneurs and investors looking to capitalize on a prime location and a unique opportunity to reshape a significant commercial space. The property's 15935 zip code provides easy access to local amenities and transportation routes. This is a rare chance to acquire a large commercial property at a significantly discounted price.

• CAP approach

  CAP return

  Valuation

  6%

  $10,502,044

  6.5%

  $9,694,194

  7%

  $9,001,752

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,027,496

  Geo Method

  $9,841,647

• Alternative Use

  Use

  Valuation

  Residential

  $12,020,801

  Hospitality

  $11,010,989

  Educational

  $9,161,013

  Medical

  $9,476,075

  Retail

  $14,250,465

Location Insight

City

Hollsopple

County

Somerset

State

Pennsylvania

Latitude

40.2259

Longitude

-78.988

CBSA code

43740

CBSA name

SOMERSET, PA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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