1700 Forker Blvd - Residential Income FOR SALE


Hermitage, PA 16148
$5,750,000 USD
724-933-6300
1700 Forker Blvd, Hermitage, PA for Sale
$5,750,000 USD
Residential Income - FOR SALE
1/27
null | Request Cap Rate

1700 Forker Blvd
Hermitage, PA 16148


HIGHLIGHTS

  • Modern stone castle in park-like setting
  • Convenient location between Cleveland and Pittsburgh
  • Large rooms - great potential for boutique hotel or wedding venue

OVERVIEW

Unique opportunity to own a modern stone castle in a park-like setting on over 48 acres with private gated access. There is adequate property to build additional structures on the winding drive to the home with available parking and room for expansion. The center courtyard with a covered portico over the custom copper doors could be a fantastic entry to a wedding venue or boutique hotel. There are abundant large windows and patio access to the outside overlooking the serene setting from every room. The great room soars with 30 ft ceilings. The kitchen is equipped with commercial cooking equipment and a walk-in cooler/freezer. The owner's suite occupies one entire side of the house and could be converted to an apartment. A circular staircase with a fantastic crystal chandelier takes you to the lower level where a family room, bar, four more bedroom suites and a beauty salon awaits. Two additional one bedroom apartments are located over the garage. Elevator for ADA access. Two private gas wells on the property mitigate heating expenses - hot water baseboard heat with central air - all OGM rights convey. Original owners - solid stone exterior with slate roof - well-maintained. Pump system for 11 ft. waterfall. Close proximity to Avalon at Buhl Country Club.

FOR SALE DETAILS

PRICE

$5,750,000 USD

PRICE/SF

$343 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1700 Forker Boulevard

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Residential Income

ADD'L SUBTYPES

Hotel

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

-

YEAR BUILT

1993

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

48.26 AC

LAND SF

2,102,206 SF

ZONING

SR-1

APN/PARCEL ID

11 131 001 and 11 131 001 004

ASK ABOUT THIS PROPERTY

Tracy MantzellRE/MAX Select Realty - CranberryMore Info
724-933-6300

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Tracy MantzellRE/MAX Select Realty - CranberryMore Info
724-933-6300

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.