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502 Main St 5,100 SF 100% Leased Retail Building Ford City, PA 16226 $1,348,796 CAD ($264.47 CAD/SF) 8% Cap Rate



INVESTMENT HIGHLIGHTS
- Located on a signalized corner across from Sheetz.
- Includes 3 rental houses
- Rents could be increased. National and local chains as tenants
EXECUTIVE SUMMARY
Welcome to the Prime Commercial Property located at 502 Main Street, Ford City, PA 16226. This exceptional property portfolio offers an incredible opportunity to own a 4,800 sq. ft. retail center with three income producing residential homes. There are no vacancies with these properties. With approximately 145' of frontage on a .20 acre lot, this property is strategically positioned at a red light on the bustling Business RT 66. Convenience and visibility are key features of this property, allowing for drive-through ability and capturing the attention of passing traffic. Enhancing the value of this property, there is an option to purchase three surrounding houses for an additional $375,000, offering a potential expansion opportunity. Situated across the street from the Sheetz convenience store, this property benefits from its prime location in the heart of Ford City. And with an aerial view that showcases its prominent position, this property promises untapped potential for your business. While we believe the information provided is reliable, it is subject to possible errors, omissions, changes in price, lease or financing. We encourage you to conduct your own investigation. Contact us at www.founditpgh.com or call 412-999-0722 to explore the possibilities of making this property yours. Don't miss out on the opportunity to own this prime commercial property in Ford City!
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$142,599
|
$27.96
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$142,599
|
$27.96
|
| Taxes |
$10,309
|
$2.02
|
| Operating Expenses |
$7,122
|
$1.40
|
| Total Expenses |
$17,431
|
$3.42
|
| Net Operating Income |
$125,168
|
$24.54
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $142,599 |
| Annual Per SF | $27.96 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $142,599 |
| Annual Per SF | $27.96 |
| Taxes (CAD) | |
|---|---|
| Annual | $10,309 |
| Annual Per SF | $2.02 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $7,122 |
| Annual Per SF | $1.40 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $17,431 |
| Annual Per SF | $3.42 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $125,168 |
| Annual Per SF | $24.54 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
5,100 SF
Building Class
B
Year Built
2004
Price
$1,348,796 CAD
Price Per SF
$264.47 CAD
Cap Rate
8%
NOI
$107,904 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Lot Size
0.60 AC
Zoning
V - Village Zone
Parking
30 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
210’ on Main Street
AMENITIES
- Signage
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- New House of Hunan
- Accommodation and Food Services
- 1,100 SF
- -
- Triple Net
- Sep 2027
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| New House of Hunan | Accommodation and Food Services | 1,100 SF | - | Triple Net | Sep 2027 |
PROPERTY TAXES
| Parcel Number | 29-0-021245 | Total Assessment | $206,068 CAD (2025) |
| Land Assessment | $108,651 CAD (2025) | Annual Taxes | $10,309 CAD ($2.02 CAD/SF) |
| Improvements Assessment | $97,418 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
29-0-021245
Land Assessment
$108,651 CAD (2025)
Improvements Assessment
$97,418 CAD (2025)
Total Assessment
$206,068 CAD (2025)
Annual Taxes
$10,309 CAD ($2.02 CAD/SF)
Tax Year
2024
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