629 Main St Berlin, PA 15530-1350
- Investment properties
- 0.32 lot acres
Current Use by Public Records
- Varsity Travel / Schrock Travel / Travel Agency
Property Details for 629 Main St
- Year built
- 1920
- Construction
- FRAME
- Lot size
- 0.32 lot acres
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- S05-021-117-000
- APU
- S05021117000
Description
This exceptional 5,675 square foot parcel of land, located at 629 Main St in Berlin, Pennsylvania (Somerset County, zip code 15530), presents a unique investment opportunity. Classified as Farm, Ranch, and Commercial land, this property offers significant potential for various uses. The asking price is $229,000. Situated on a sizable lot, the property's versatility allows for diverse development plans. Its prime location in Berlin, PA provides easy access to local amenities and transportation routes. The property is ideal for entrepreneurs seeking a strategic location to establish a business or for investors looking to capitalize on the growing commercial real estate market in the area. Detailed site surveys and zoning information are readily available upon request. This is a rare opportunity to acquire a substantial land holding in a desirable Pennsylvania location. The property's size and zoning classification make it suitable for a range of commercial ventures, offering a strong return on investment for the discerning buyer. Don't miss this chance to secure this valuable asset. Further information regarding the property's potential uses and development possibilities can be provided.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $120,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $105,000
- 6.5%
- $95,000
- 7%
- $90,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $100,000
- Geo Method
- $90,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $100,000
- Retail
- $110,000
- Mixed-Use
- $100,000
- Hospitality
- $85,000
- Educational
- $90,000
- Residential Income
- $110,000
- Energy
- $85,000
- Income-Based Land
- $105,000
- Food Service
- $95,000
Location Insight
- Map
- Local Demand
- City
- Berlin
- County
- Somerset
- State
- Pennsylvania
- Longitude
- -78.9556
- Latitude
- 39.9208
- CBSA code
- 43740
- CBSA name
- SOMERSET, PA MICROPOLITAN STATISTICAL AREA