1239 Glades Pike Somerset, PA 15501-5811
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.
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Sullivans Bar and Restaurant Bar & Pub Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.