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502 Main St 5,100 SF 100% Leased Retail Building Ford City, PA 16226 $975,000 ($191.18/SF) 8% Cap Rate

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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 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 ANNUAL PER SF
Gross Rental Income $103,080 $20.21
Other Income - -
Vacancy Loss - -
Effective Gross Income $103,080 $20.21
Taxes $7,452 $1.46
Operating Expenses $5,148 $1.01
Total Expenses $12,600 $2.47
Net Operating Income $90,480 $17.74

FINANCIAL SUMMARY (ACTUAL - 2024)

Gross Rental Income
Annual $103,080
Annual Per SF $20.21
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $103,080
Annual Per SF $20.21
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 $90,480
Annual Per SF $17.74

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
$975,000
Price Per SF
$191.18
Cap Rate
8%
NOI
$78,000
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

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
2024
  • Listing ID: 27932844

  • Date on Market: 3/9/2023

  • Last Updated:

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

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