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254 West Main 254 W Main St 12,000 SF 100% Leased Retail Building Monongahela, PA 15063 $977,004 CAD ($81.42 CAD/SF) 12.99% Cap Rate
EXECUTIVE SUMMARY
This charming property was brought back to life in 2018 and comprises two historic brick buildings, each with three stories. It boasts ten apartments and three commercial spaces, with the potential to expand to a total of 15 units by completing two additional spaces. The buildings are interconnected inside and occupy a prime corner location in the Monongahela business district, offering numerous value-add opportunities. One of the few buildings on main with off street parking in the rear. Utilities were split in 2018 as well.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
12,000 SF
Building Class
C
Year Built/Renovated
1932/2017
Price
$977,004 CAD
Price Per SF
$81.42 CAD
Cap Rate
12.99%
NOI
$126,900 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.92
Lot Size
0.30 AC
Frontage
25’ on Main St
AMENITIES
- Signage
- Signalized Intersection
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 4300060002001000 | Improvements Assessment | $337,325 CAD |
| Land Assessment | $21,767 CAD | Total Assessment | $359,092 CAD |
PROPERTY TAXES
Parcel Number
4300060002001000
Land Assessment
$21,767 CAD
Improvements Assessment
$337,325 CAD
Total Assessment
$359,092 CAD
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254 West Main | 254 W Main St
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