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Newberry Place 109 W Main St

25,000 SF 100% Leased Retail Building Somerset, PA 15501 $995,000 ($40/SF) 8.29% Cap Rate

Investment Highlights

  • Value Add Mixed-use Investment Opportunity.
  • Elevator Access
  • Office space with private access on 2nd floor
  • Newberry Place offers opportunity to develop the basement into self-storage with confirmation from Somerset Borough.

Executive Summary

SVN Three Rivers Commercial Advisors is pleased to present for sale Newberry Place, a 25,500 SF office building in Somerset, PA. The building offers opportunity to develop the basement into self-storage with confirmation from Somerset Borough that this would be allowed per current zoning.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
25,000 SF
Building Class
C
Year Built
1930
Price
$995,000
Price Per SF
$40
Cap Rate
8.29%
NOI
$82,438
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Building FAR
3.25
Lot Size
0.18 AC
Opportunity Zone
Yes
Zoning
C - Commercial
Parking
38 Spaces (1.52 Spaces per 1,000 SF Leased)

Amenities

  • Signage
  • Signalized Intersection
Walk Score ®
Very Walkable (74)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

PNC Bank
Ruby Tuesday
Starbucks
Kings Family Restaurant

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 410000240
  • 410000230
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$354,400
  • Listing ID: 29875970

  • Date on Market: 12/21/2022

  • Last Updated:

  • Address: 109 W Main St, Somerset, PA 15501

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