5101 National Pike Markleysburg, PA 15459-1007
- Turn key restaurants
- 5.00 lot acres
Current Use by Public Records
- Gorley's Red Coat Tavern / Bar & Grill
Property Details for 5101 National Pike
- Lot size
- 5.00 lot acres
- Property type
- Turn key restaurants
- APN
- 16-12-0028
- APU
- 16120028
Description
This exceptional mixed-use property in Markleysburg, Pennsylvania, presents a unique investment opportunity. Located at 5101 National Pike, this 5-acre parcel includes a fully operational bar and restaurant with a Type R liquor license already in place. Upstairs, you'll find a completely renovated two-bedroom, one-bathroom apartment boasting a fireplace, high ceilings, and an eat-in kitchen. An additional unfinished apartment space offers significant potential for expansion or rental income. The property's prime location, just six miles from Nemacolin Resort and five miles from Yough Dam, places it within easy reach of the scenic Laurel Highlands and State Game Lands #265, attracting both tourists and local residents. The existing restaurant and bar are ready for immediate operation, while the upper-level apartments provide versatile options for rental income, short-term stays, or owner occupancy. The property is being sold as-is, offering a chance to capitalize on its existing features and potential for future development. This is a rare chance to acquire a turnkey business with significant residential upside in a desirable location. The asking price is $299,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $255,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $280,000
- 6.5%
- $280,000
- 7%
- $265,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $255,000
- Geo Method
- $300,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $310,000
- Retail
- $275,000
- Mixed-Use
- $320,000
- Hospitality
- $275,000
- Educational
- $275,000
- Residential Income
- $265,000
- Energy
- $330,000
- Income-Based Land
- $245,000
- Food Service
- $275,000
Location Insight
- Map
- Local Demand
- City
- Markleysburg
- County
- Fayette
- State
- Pennsylvania
- Longitude
- -79.4572
- Latitude
- 39.7643
- CBSA code
- 38300
- CBSA name
- PITTSBURGH, PA METROPOLITAN STATISTICAL AREA