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138 W Main St 4,200 SF 100% Leased Retail Building Ligonier Township, PA 15658 $552,711 CAD ($131.60 CAD/SF) 7.25% Cap Rate
Investment Highlights
- Stable hold with long-term cash flow.
- Downtown location reduces tenant dependence on dedicated on-site parking.
- Within walking distance of the borough's historic Diamond.
- Two fully occupied retail storefronts and an occupied second floor apartment.
Executive Summary
The property is a mixed-use investment asset located in the heart of downtown Ligonier, just one block from the borough’s historic Diamond. The building features three income-producing spaces, including two street-level retail storefronts and a second-floor residential apartment consisting of three bedrooms and one-and-a-half bathrooms.
The property is currently 100% occupied by established local tenants and is zoned C-1 (Mixed-Use), allowing for continued retail and residential use. Its walkable downtown location offers strong visibility and consistent pedestrian traffic, while the surrounding street parking eliminates the need for dedicated on-site parking.
The property is currently 100% occupied by established local tenants and is zoned C-1 (Mixed-Use), allowing for continued retail and residential use. Its walkable downtown location offers strong visibility and consistent pedestrian traffic, while the surrounding street parking eliminates the need for dedicated on-site parking.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$59,842
|
$14.25
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$59,842
|
$14.25
|
| Taxes |
$5,053
|
$1.20
|
| Operating Expenses |
$14,713
|
$3.50
|
| Total Expenses |
$19,766
|
$4.71
|
| Net Operating Income |
$40,076
|
$9.54
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $59,842 |
| Annual Per SF | $14.25 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $59,842 |
| Annual Per SF | $14.25 |
| Taxes (CAD) | |
|---|---|
| Annual | $5,053 |
| Annual Per SF | $1.20 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $14,713 |
| Annual Per SF | $3.50 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $19,766 |
| Annual Per SF | $4.71 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $40,076 |
| Annual Per SF | $9.54 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,200 SF
Building Class
C
Year Built
1922
Price
$552,711 CAD
Price Per SF
$131.60 CAD
Cap Rate
7.25%
NOI
$40,076 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.92
Lot Size
0.11 AC
Zoning
C-1 - C-1 zoning is intended to support Ligonier’s downtown core and generally permits a wide range of commercial, mixed-use, and residential uses.
Frontage
64’ on W Main St
Exceptionally walkable
90/100
Moderately drivable
70/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 16-01-15-0-146 | Total Assessment | $37,138 CAD (2026) |
| Land Assessment | $20,806 CAD (2026) | Annual Taxes | $5,053 CAD ($1.20 CAD/SF) |
| Improvements Assessment | $16,332 CAD (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
16-01-15-0-146
Land Assessment
$20,806 CAD (2026)
Improvements Assessment
$16,332 CAD (2026)
Total Assessment
$37,138 CAD (2026)
Annual Taxes
$5,053 CAD ($1.20 CAD/SF)
Tax Year
2025
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138 W Main St
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