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502 Main St 5,100 SF Vacant Retail Building Ford City, PA 16226 $950,000 ($186.27/SF)

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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 offers an incredible opportunity to own a 4,800 sq. ft. retail center with the option to convert into 3 or 4 units, in addition to the three residential homes featured in the portfolio. 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 - 2022)

ANNUAL ANNUAL PER SF
Gross Rental Income $54,660 $10.72
Other Income - -
Vacancy Loss - -
Effective Gross Income $54,660 $10.72
Taxes $7,452 $1.46
Operating Expenses $5,148 $1.01
Total Expenses $12,600 $2.47
Net Operating Income $42,060 $8.25

FINANCIAL SUMMARY (ACTUAL - 2022)

Gross Rental Income
Annual $54,660
Annual Per SF $10.72
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $54,660
Annual Per SF $10.72
Taxes
Annual $7,452
Annual Per SF $1.46
Operating Expenses
Annual $5,148
Annual Per SF $1.01
Total Expenses
Annual $12,600
Annual Per SF $2.47
Net Operating Income
Annual $42,060
Annual Per SF $8.25

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
5,100 SF
Building Class
B
Year Built
2004
Price
$950,000
Price Per SF
$186.27
Percent Leased
Vacant
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 END
  • Retailer
  • 1,200 SF
  • -
  • May 2024

Subway® is simply the better choice for freshly made, convenient, and affordable food. For a reason, they are one of the world’s largest restaurant brands, serving up a crave-able menu with better options to their millions of fans, every day. Whether it’s their bread baked fresh daily, new flavorful signature subs or their classic fan favorites made fresh to order, Subway® delivers a quality, delicious meal that people can feel good about. The Subway® story began in 1965 when Fred DeLuca asked his family friend, Dr. Peter Buck, a nuclear physicist, for advice on how to pay his college tuition. With an idea to open a submarine sandwich shop and an initial investment from Dr. Buck, the two formed a business partnership that would ultimately change the landscape of the quick-service restaurant industry.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Retailer 1,200 SF - May 2024

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
29-0-021245
Land Assessment
$78,540 (2025)
Improvements Assessment
$70,420 (2025)
Total Assessment
$148,960 (2025)
Annual Taxes
$7,452 ($1.46/SF)
Tax Year
2022
  • Listing ID: 27932844

  • Date on Market: 3/9/2023

  • Last Updated:

  • Address: 502 Main St, Ford City, PA 16226

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