Newberry Place | 109 W Main St
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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)
Nearby Major Retailers
PROPERTY TAXES
Parcel Numbers | Improvements Assessment | $0 | |
Land Assessment | $0 | Total Assessment | $354,400 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$354,400
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Newberry Place | 109 W Main St
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