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Property profile

117 Scholl Ln N BELL VERNON, PA 15012

OFF-MARKET
Specialty properties
3,725 SF 3.09 ac lot
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Property summary

AI-generated overview

This exceptional 3,725 sq ft commercial property in North Bell Vernon, PA, presents a unique investment opportunity. Located on a 3.09-acre lot with approximately 350 feet of frontage near Route 51 and a future residential development, this versatile space offers significant potential. Originally built to international ballet studio standards, the building features high windows for natural light, specialized flooring ideal for dance or fitness, and a fully equipped Italian restaurant. The property boasts ample parking, including a multi-car garage, perfect for storage or event needs. Currently operating as a restaurant and previously used as a dance and yoga studio, this B-2 zoned property is adaptable to various uses, including fitness centers, event venues, or similar businesses. The high NOI of $182,940 and a 30.50% cap rate make this a compelling investment. The property's proximity to a planned residential development (estimated 68 single-family homes and 86 duplex units) and nearby Castle Ridge (165 planned units) promises increased customer traffic. Its location near Vinoski Winery further enhances its appeal. Asking price is $599,900 ($161.05/sq ft). Note: Development plans are estimates and should be independently verified.

Property profile

Verified
Property type Specialty properties
Total area 3,725 SF
Lot 3.09 ac (134,600 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

117 Scholl Ln N BELL VERNON, PA 15012
N BELL VERNON metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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