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    238 Tollgate Rd Somerset, PA 15501

    Sponsored
    For Sale
    $1,600,000

    Prime 4-Acre Commercial Parcel, High Traffic

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 4-acre commercial land parcel in Somerset, Pennsylvania, presents a remarkable redevelopment opportunity. Strategically located at the entrance to the Pennsylvania Turnpike (I-76), experiencing approximately 23,000 vehicles per day, this property enjoys unparalleled visibility and accessibility. Its proximity to Route 601 (approximately 16,000 vehicles per day), a major thoroughfare connecting Somerset and Johnstown, further enhances its commercial potential. The site benefits from its convenient location near a variety of established retailers, including Starbucks, Arby's, McDonald's, Sheetz, and Advance Auto Parts, ensuring high consumer traffic and brand recognition. Zoned for commercial use, this property is ideally suited for a diverse range of developments, such as convenience stores, fueling stations, fast-food restaurants, hospitality ventures, or medical facilities. The asking price is $1,600,000. The address is 238 Tollgate Road, Somerset, PA 15501. This is a rare opportunity to acquire a high-traffic, strategically located commercial parcel in a thriving community. Don't miss this chance to capitalize on this prime investment property.

    Property Features for 238 Tollgate Rd

    General Information

    Property type
    Land
    Lot Size
    174,240 SF

    HighLights

    • $1,600,000 asking price.
    • 4‑acre commercial land parcel.
    • Somerset, PA location.
    • Commercial zoning.
    • Excellent redevelopment opportunity with high traffic counts near I‑76 and Route 601.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Hotel & Motel Garden Center Bed & Breakfast

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Somerset
    County
    Somerset
    State
    Pennsylvania
    Longitude
    -79.0819497
    Latitude
    40.0171802

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    FAQs

    What type of property is this?
    Land - Prime 4-Acre Commercial Parcel, High Traffic
    Where is this land located?
    The property is located at 238 Tollgate Rd Somerset, PA.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: $1,600,000 asking price.; 4-acre commercial land parcel.; Somerset, PA location.
    (717) 843-5555
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    238 Tollgate Rd Somerset, PA 15501
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    Somerset, PA 15501
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    238 Tollgate Rd Somerset, PA 15501
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