1239 Glades Pike Somerset, PA 15501
- Investment properties
- 0.81 lot acres
Current Use by Public Records
- Sullivans Bar and Restaurant / Bar & Grill
Property Details for 1239 Glades Pike
- Year built
- 1950
- Lot size
- 0.81 lot acres
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- S20-017-090-000
- APU
- S20017090000
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Somerset
- County
- Somerset
- State
- Pennsylvania
- Longitude
- -79.2195
- Latitude
- 40.0535
- CBSA code
- 43740
- CBSA name
- SOMERSET, PA MICROPOLITAN STATISTICAL AREA
