165 Union Street, Somerset, PA 15501
sale
$425,000
|
Other
Courtesy Of REMAX PREMIER, REALTORS
Historic Uptown Office Investment Opportunity. Excellent opportunity to acquire a well-maintained historic brick office building in a prime downtown location just steps from the county courthouse. Originally constructed as an elegant residence in the early 1900s, this impressive 2-story building has been thoughtfully converted into professional office space while retaining its timeless architectural character. Offering approximately 5,740 square feet, the property features 17 professional offices on the main three levels, plus 3 additional offices in the basement, providing flexibility for a variety of office users. The property is fully occupied by an A-rated tenant under a lease with approximately two years remaining, generating strong contract rental income. The above-market lease provides an exceptional opportunity for investors to earn enhanced cash flow and accelerate equity growth during the remaining lease term. Parking is a rare advantage in the downtown market, with 10 on-site parking spaces plus 30 additional leased spaces on the adjoining property for employees and visitors. Whether you are expanding your investment portfolio or completing a 1031 exchange, this property offers an attractive combination of location, stable tenancy, strong income, and long-term investment potential.
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Property Features
- Floors: 3
- Legal Description: DBV 1532/304
- MLSID: 96041950
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