1219 Merchant St - Flex FOR SALE


Ambridge, PA 15003
$479,000 USD
412-822-6800
1219 Merchant St, Ambridge, PA for Sale
$479,000 USD
Flex - FOR SALE
1/32
null | 9.14% Cap Rate

1219 Merchant St
Ambridge, PA 15003


HIGHLIGHTS

  • Rebuilt just one year ago
  • Prime location within the borough’s commercial historic district
  • Turnkey asset

OVERVIEW

In the heart of Ambridge, this 3,080-square-foot mixed-use building offers immediate income with strong tenant stability. The entire structure was completely gutted to the studs and rebuilt just one year ago, completed immediately before the current leases commenced, with all new mechanical systems, windows, flooring, fixtures, and more. The first-floor commercial suite is fully leased to Caffe Nero under a long-term triple-net agreement with a base rent of $1,450 per month and automatic renewal options. The tenant is responsible for 100 percent of taxes, insurance, CAM, and all operating expenses. The upper levels include two separate residential units, each leased at $1,100 per month, delivering a gross annual income of $43,800, total annual real estate taxes of only $2,300.41, and an NOI of $43,800 from established tenants. All tenants pay their own utilities, keeping owner expenses minimal. The property features solid construction, separate entrances, and a prime location within the borough’s commercial historic district. Ambridge provides convenient access to Pittsburgh, approximately 16 miles away, along with local shops, dining, and the nearby Old Economy Village National Historic Landmark. This turnkey asset, now in like-new condition with years of low maintenance ahead, is ideal for investors seeking reliable returns in a historic Pennsylvania borough with proven rental demand.

FOR SALE DETAILS

PRICE

$479,000 USD

PRICE/SF

$156 USD /SF

CAP RATE

9.14%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Caffe Nero

PROPERTY TYPE

Flex

ADD'L SUBTYPES

Restaurant, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1918

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

12-001-1124.000

ASK ABOUT THIS PROPERTY

Danielle GundlachPiatt Sotheby's International RealtyMore Info
412-822-6800

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Danielle GundlachPiatt Sotheby's International RealtyMore Info
412-822-6800

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