500 Bridge StWeissport, PA 18235

Property Details for 500 Bridge St

Lot size

10.30 AC

Property type

Commercial real estate

APN

70B-62-A22

APU

70B62A22

Description

This exceptional investment property at 500 Bridge St, Weissport, PA, offers 37,000+ square feet of versatile commercial space situated on a 10.3-acre lot. Currently operating as a thriving mixed-use complex, the building houses a restaurant, coffee house, ax throwing facility, a five-room hostel, and a fishing supply store. Adding to its income potential is a 1,500 square foot apartment already in place. Significant upside potential exists with approved plans for four additional 1,500 square foot apartments, all located on the second floor. These apartments represent a substantial opportunity for increased rental income. Furthermore, over 5,000 square feet of adaptable first-floor space presents a blank canvas for future commercial ventures, allowing for customization to suit a variety of business needs. The property's prime location in Weissport, PA, ensures high visibility and accessibility, making it an ideal investment for both seasoned investors and those seeking a diversified portfolio. The combination of existing income streams and significant expansion possibilities makes this a truly remarkable opportunity. The asking price is $2,850,000.

• CAP approach

  CAP return

  Valuation

  6%

  $127,738,000

  6.5%

  $117,912,000

  7%

  $109,490,000

• Comparable approach

  Method

  Valuation

  Relative Method

  $57,870,200

  Geo Method

  $58,623,000

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $231,806,000

  Retail / Commercial

  $118,935,000

  Mixed-Use / Specialty

  $118,562,000

  Hospitality / Lodging

  $87,052,700

  Office

  $117,912,000

  Institutional / Educational

  $123,275,000

  Residential Income

  $144,232,000

  Multifamily

  $172,698,000

  Automotive / Energy

  $105,665,000

  Parking / Income-Based Land

  $36,412,500

  Restaurant / Food Service

  $61,775,600

  Healthcare / Senior Housing

  $121,530,000

Location Insight

City

Weissport

County

Carbon

State

Pennsylvania

Latitude

40.8304

Longitude

-75.7046

CBSA code

10900

CBSA name

ALLENTOWN-BETHLEHEM-EASTON, PA-NJ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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