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334 W Main St 23,288 SF 81% Leased Flex Building Somerset, PA 15501 $2,548,980 CAD ($109.45 CAD/SF) 4% Cap Rate
Investment Highlights
- Flexible building design suitable for office, education, light industrial, or nonprofit uses.
- Offers a functional loading area with one dock and two drive-in doors for operational efficiency.
- Easy access to U.S. Route 219 and I-76, ensuring strong regional connectivity.
- Constructed in 2005 with modern systems, providing competitive advantages over older assets.
- Centrally located on West Main Street with strong visibility and close proximity to core amenities.
- Multi-tenant potential supports income diversification and future value growth.
Executive Summary
334 W Main Street offers a flexible, modern two-story commercial facility ideally positioned in Somerset, Pennsylvania. Built in 2005, this ±23,288 SF property combines contemporary infrastructure with practical logistics features. The building layout supports a wide range of uses, including education, childcare, healthcare, office, service, storage, or mixed-use operations. The asset includes one dock door and two drive-in doors, enhancing its appeal for businesses requiring deliveries, storage, and operational flow.
The location provides strong regional connectivity with immediate access to U.S. Route 219 and the Pennsylvania Turnpike (I-76), enabling efficient access to major traffic corridors. Five separately partitioned rental spaces offer multi-tenant potential for a diversified income stream, making this property an attractive investment opportunity. Somerset serves as the county seat and a key regional hub with a balanced mix of residential, service, and community-oriented businesses. Current in-place NOI is reported at $72,011, with additional upside from ±46.7% vacancy ready for immediate lease-up.
The location provides strong regional connectivity with immediate access to U.S. Route 219 and the Pennsylvania Turnpike (I-76), enabling efficient access to major traffic corridors. Five separately partitioned rental spaces offer multi-tenant potential for a diversified income stream, making this property an attractive investment opportunity. Somerset serves as the county seat and a key regional hub with a balanced mix of residential, service, and community-oriented businesses. Current in-place NOI is reported at $72,011, with additional upside from ±46.7% vacancy ready for immediate lease-up.
Property Facts
| Price | $2,548,980 CAD | Lot Size | 1.03 AC |
| Price Per SF | $109.45 CAD | Rentable Building Area | 23,288 SF |
| Sale Type | Investment | No. Stories | 2 |
| Cap Rate | 4% | Year Built | 2005 |
| Property Type | Flex | No. Dock-High Doors/Loading | 1 |
| Building Class | B | No. Drive In / Grade-Level Doors | 2 |
| Zoning | C - commercial | ||
| Price | $2,548,980 CAD |
| Price Per SF | $109.45 CAD |
| Sale Type | Investment |
| Cap Rate | 4% |
| Property Type | Flex |
| Building Class | B |
| Lot Size | 1.03 AC |
| Rentable Building Area | 23,288 SF |
| No. Stories | 2 |
| Year Built | 2005 |
| No. Dock-High Doors/Loading | 1 |
| No. Drive In / Grade-Level Doors | 2 |
| Zoning | C - commercial |
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
3000 sf of warehouse on first floor
3000 sf of office on second floor
| Space | Size | Space Use | Build-Out | Available |
| 1st Floor | 3,000 SF | Industrial | Full Build-Out | Now |
| 2nd Floor | 1,500 SF | Office | Full Build-Out | Now |
1st Floor
| Size |
| 3,000 SF |
| Space Use |
| Industrial |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
2nd Floor
| Size |
| 1,500 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
1st Floor
| Size | 3,000 SF |
| Space Use | Industrial |
| Build-Out | Full Build-Out |
| Available | Now |
3000 sf of warehouse on first floor
2nd Floor
| Size | 1,500 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
3000 sf of office on second floor
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 410019300 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $153,508 CAD |
Property Taxes
Parcel Number
410019300
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$153,508 CAD
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334 W Main St
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