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138 W Main St 4,000 SF 100% Leased Office Building Ligonier Township, PA 15658 $545,409 CAD ($136.35 CAD/SF) 7.25% Cap Rate
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 |
$59,052
|
$14.76
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$59,052
|
$14.76
|
| Taxes |
$4,987
|
$1.25
|
| Operating Expenses |
$14,518
|
$3.63
|
| Total Expenses |
$19,505
|
$4.88
|
| Net Operating Income |
$39,547
|
$9.89
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $59,052 |
| Annual Per SF | $14.76 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $59,052 |
| Annual Per SF | $14.76 |
| Taxes (CAD) | |
|---|---|
| Annual | $4,987 |
| Annual Per SF | $1.25 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $14,518 |
| Annual Per SF | $3.63 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $19,505 |
| Annual Per SF | $4.88 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $39,547 |
| Annual Per SF | $9.89 |
Property Facts
Sale Type
Investment
Property Type
Building Size
4,000 SF
Building Class
C
Year Built
1922
Price
$545,409 CAD
Price Per SF
$136.35 CAD
Cap Rate
7.25%
NOI
$39,542 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,000 SF
Building FAR
0.48
Lot Size
0.19 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.
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Walk Score®
Very Walkable (74)
Property Taxes
| Parcel Number | 16-01-15-0-146 | Total Assessment | $36,648 CAD |
| Land Assessment | $20,531 CAD | Annual Taxes | $4,987 CAD ($1.25 CAD/SF) |
| Improvements Assessment | $16,116 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
16-01-15-0-146
Land Assessment
$20,531 CAD
Improvements Assessment
$16,116 CAD
Total Assessment
$36,648 CAD
Annual Taxes
$4,987 CAD ($1.25 CAD/SF)
Tax Year
2025
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138 W Main St
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