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Property profile & analytics
OFF-MARKET
Turn key restaurants

281 Waterworks Rd Somerset, PA 15501-1065

0.8 ac lot Built 1990
Entity Owned 16-yr Hold ~ Est. High Equity
Property ID
US73-4264726
Property summary
AI-generated overview

This exceptional commercial property, located at 281 Water Works Road in Somerset, Pennsylvania, presents a unique investment opportunity. Boasting a prime location directly off the Pennsylvania Turnpike exit, this 1-acre site enjoys unparalleled visibility and accessibility. The property features a 1250-square-foot building currently configured as a Subway restaurant, but readily adaptable to a variety of alternative uses. The substantial blacktop area provides ample parking, currently utilized and generating income from tractor-trailer parking rentals. This characteristic offers a significant potential revenue stream beyond the primary building use. The property's strategic location at the traffic light on the turnpike access road ensures high traffic volume and exposure to a large customer base. The existing building's structure is sound, providing a solid foundation for a new business venture or continued operation as a restaurant. This versatile property is ideal for entrepreneurs seeking a high-traffic location with existing infrastructure and income-generating potential. The combination of excellent visibility, ample parking, and adaptable building space makes this a truly exceptional commercial property. The asking price is $585,000. Serious inquiries are encouraged.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1990
Lot 0.8 ac (35,022 SF)
APN S41-021-008-000
UPID US73-4264726
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Subway Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Oos Partnership · 16 yrs held
Oos Partnership
since 2009
1 recorded transaction
2009
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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