1640 N Center Ave, Somerset, PA
Thriving restaurant and sports bar in Somerset, Pennsylvania for sale.
- Added:
- Apr 8, 2025
- Days on Market:
- 432
- Last Refresh:
- May 20 at 8:41 pm
Property Features for 1640 N Center Ave
General Information
- Standard status
- Active
- Size
- 14,600 SF
- Lot size
- 1.55 Acres
- Property subtype
- RETAIL
Listing agent Clifton McCrory (540) 255-5496
Listing office Sands Investment Group (SIG) - Corporate (844) 474-4666
Listing date Apr 8, 2025
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Sands Investment Group (SIG) - Corporate
HighLights
- Long‑established business with restaurant, sports bar, and live music, offering immediate income.
- High visibility location with 45,000+ VPD off N Center Ave and Route 76.
- Located in a thriving area of Somerset, ensuring consistent customer traffic.
- Proximity to ten hotels/motels and multiple medical centers including UPMC Somerset.
- Part of a well‑established local corridor surrounded by strong national tenants.
- Recent renovations including a new 3,000 sq ft outdoor dining area.
Overview
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $467.8k | $32.04 |
| − Vacancy | −$21.1k | −$1.44 |
| EGI | $446.7k | $30.60 |
| − OpEx | −$134.0k | −$9.18 |
| NOI | $312.7k | $21.42 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Somerset
- County
- Somerset
- State
- Pennsylvania
- Longitude
- -79.0749
- Latitude
- 40.0378