Newberry Place 109 W Main St 25,000 SF 100% Leased Retail Building Somerset, PA 15501 $995,000 ($39.80/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
$39.80
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 |
