433 Patriot St Somerset, PA 15501-1529
- Investment properties
- 0.11 lot acres
Current Use by Public Records
- Reedy Sarah / Dentist
- Mc Cune Marge / Dentist
- Jacobson Donna / Dentist
Property Details for 433 Patriot St
- Year built
- 1964
- Lot size
- 0.11 lot acres
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- S41-033-295-000
- APU
- S41033295000
Description
This exceptional investment opportunity presents a two-story, 0.114-acre commercial building located at 433 Patriot Street in Somerset, Pennsylvania (zip code 15501). Priced at $159,000, the property boasts 8 parking spaces and features a versatile layout previously configured as a dental office. The ground floor comprises 4 procedure rooms, a waiting room, reception area, lab room, private office, storage room, and two restrooms. The non-load-bearing walls offer significant flexibility for customization to suit various business needs. The second floor includes two residential apartments – a three-bedroom and a one-bedroom unit – generating rental income. Tenants are responsible for all utilities. Additionally, two garage spaces are available, potentially yielding an extra $100 monthly income. This property's location on a busy Somerset street, combined with the income-generating apartments, makes it an attractive investment for entrepreneurs or those seeking a strong return on investment. The property's APN is S41-033-295-00. This is a rare opportunity to acquire a well-situated commercial property with significant upside potential in a thriving Pennsylvania community.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $135,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $125,000
- 6.5%
- $120,000
- 7%
- $120,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $115,000
- Geo Method
- $115,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $105,000
- Retail
- $110,000
- Mixed-Use
- $120,000
- Hospitality
- $130,000
- Educational
- $140,000
- Residential Income
- $105,000
- Energy
- $115,000
- Income-Based Land
- $125,000
- Food Service
- $145,000
Location Insight
- Map
- Local Demand
- City
- Somerset
- County
- Somerset
- State
- Pennsylvania
- Longitude
- -79.0868
- Latitude
- 40.0073
- CBSA code
- 43740
- CBSA name
- SOMERSET, PA MICROPOLITAN STATISTICAL AREA