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    100 Main St Reedsville, PA 17084

    For Sale
    $273,000

    Prime Reedsville location, high cap rate.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    Exceptional investment opportunity in Reedsville, PA, featuring a mixed-use property at 100 S Main Street, 17084. This Class D property boasts two buildings, each single-story, totaling 31 parking spaces. The property includes a restaurant and traditional office space, currently occupied by two tenants with a strong history. One tenant, a county government entity, recently signed a new 10-year lease commencing January 2024, having occupied the space for over a decade. The restaurant tenant has been in operation for over 20 years and holds a lease extending to 2028. The property offers a compelling 8.12% cap rate with a current Net Operating Income (NOI) of $22,180, and an asking price of $273,000. Significant improvements have been made, including a new roof on the restaurant in 2022 and office renovations in 2016. The fee-simple ownership provides complete control, and rent bumps are built into the leases every five years, ensuring future income growth. This low-management property is ideal for novice investors or those seeking to expand their portfolio with a stable, high-yielding asset. The property's long-term tenants and favorable lease terms provide exceptional stability and predictable cash flow.

    Property Features for 100 Main St

    General Information

    Property type
    Restaurants
    Class
    D

    Building Details

    Year Renovated
    2016
    Buildings
    2
    Stories
    1

    HighLights

    • New 10‑year lease with County Government commenced January 2024.
    • County Government has occupied this location for 10 years.
    • Restaurant lease expires in 2028.
    • Restaurant has operated at this location for over 20 years.
    Property Profile Location Intelligence

    Current Use by Public Records

    Michele's OIP Restaurant ... Pizza Restaurant

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Auto Repair Shop Clothing Store Pharmacy Department Store HVAC Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Reedsville
    County
    Mifflin
    State
    Pennsylvania
    Longitude
    -77.5944245
    Latitude
    40.662719

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    Nearby Similar for Sale

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      Reedsville Mixed-Use Investment Opportunity

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    FAQs

    What type of property is this?
    Restaurant - Prime Reedsville location, high cap rate.
    Where is this restaurant located?
    The property is located at 100 Main St Reedsville, PA.
    What is the asking price?
    The asking price for this property is $273,000.
    What are key features of this property?
    This property features: New 10-year lease with County Government commenced January 2024.; County Government has occupied this location for 10 years.; Restaurant lease expires in 2028.
    Request Owner's contact information
    100 Main St Reedsville, PA 17084
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    Reedsville, PA 17084
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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
    100 Main St Reedsville, PA 17084
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