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Property profile & analytics
OFF-MARKET
Investment properties

1239 Glades Pike Somerset, PA 15501-5811

0.81 ac lot Built 1950
Entity Owned 8-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US73-4110562
Property summary
AI-generated overview

Nestled in the Laurel Mountains of Somerset, Pennsylvania, this unique property presents a compelling investment opportunity. Priced at $600,000, this established business boasts a substantial footprint on a 0.81-acre lot, ideally situated between two state parks and three local ski resorts, ensuring high visibility and convenient access for tourists and locals alike. The main building houses a restaurant requiring some renovation and modernization, offering a blank canvas for a creative entrepreneur to revitalize and enhance its appeal. A significant asset is the expansive banquet hall, easily accommodating over 120 guests, perfect for weddings, corporate events, or large gatherings. Adding to the property's versatility is a charming creek-side outdoor bar with seating for 40 patrons, creating a unique and inviting atmosphere. Two pole buildings provide ample storage space for equipment, supplies, or inventory. Furthermore, a cost-effective outdoor wood boiler is included, significantly reducing utility expenses. This property offers a rare blend of established infrastructure and untapped potential, making it an exceptional opportunity for a savvy investor seeking a profitable venture in a picturesque mountain setting. The property's location, coupled with its diverse amenities, positions it for significant growth and return on investment.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1950
Lot 0.81 ac (35,066 SF)
APN S20-017-090-000
UPID US73-4110562
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Sullivans Bar and Restaurant Bar & Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Sulli S Lmi LLC · 8 yrs held
Sulli S Lmi LLC
since 2018
1 recorded transaction
2018
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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