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Listed by PIATT SOTHEBY'S INTERNATIONAL REALTY
$ 429,000
Est. payment /mo
Active
1219 Merchant St Ambridge, PA 15003
1,742 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1744965
HOA Y/N No
Year Built 1918
Annual Tax Amount $2,300
Lot Size 1,742 Sqft
Acres 0.04
Property Sub-Type Apartment
Property Description
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.
Location
State PA
County Beaver
Area Ambridge
Zoning COM
Interior
Interior Features InteriorFeatures
Fireplace No
Exterior
Utilities Available Electricity Available, Natural Gas Available, Sewer Available, Water Available
Road Frontage City Street
Building
Structure Type Brick
