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609 Ann St 5,500 SF 75% Leased Retail Building Homestead, PA 15120 $950,000 ($172.73/SF) 8.50% Cap Rate
Executive Summary
Entire 5,500 SF Building for sale or 3,000 SF renovated brewery/restaurant waiting for new owner or lessee for final build out. ADA and Occupancy ready with 500 SF renovated patio space. Three apartments on 2nd floor are updated and fully occupied with $2,400 a month income. Close to Homestead Waterfront. Your chance to be a part of the growing Homestead Business District.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$2,413
|
$0.43
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$2,413
|
$0.43
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $2,413 |
| Annual Per SF | $0.43 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $2,413 |
| Annual Per SF | $0.43 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Lease Option
Property Type
Retail
Property Subtype
Building Size
5,500 SF
Building Class
C
Year Built/Renovated
1900/2025
Price
$950,000
Price Per SF
$172.73
Cap Rate
8.50%
NOI
$80,750
Percent Leased
75%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.80
Lot Size
0.07 AC
Zoning
C1/R1 - First floor commercial restaurant space with three occupied residential apartments on second floor.
Frontage
25’ on Ann St
Amenities
- Restaurant
- Wheelchair Accessible
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Cornelious Melvin J
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Cornelious Melvin J | - | - | - | - |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Brand new space. Built out specifically for a brewery. Cement slabs in the back for the tanks. No kitchen equipment in the space. $4,900/month.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 3,000 SF | Restaurant | - | Now |
1st Floor
| Size |
| 3,000 SF |
| Space Use |
| Restaurant |
| Position |
| - |
| Available |
| Now |
1 of 8
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1st Floor
| Size | 3,000 SF |
| Space Use | Restaurant |
| Position | - |
| Available | Now |
Brand new space. Built out specifically for a brewery. Cement slabs in the back for the tanks. No kitchen equipment in the space. $4,900/month.
Walk Score®
Very Walkable (84)
Nearby Major Retailers
Property Taxes
| Parcel Number | 0130-K-00137-0000-00 | Improvements Assessment | $75,800 |
| Land Assessment | $18,600 | Total Assessment | $94,400 |
Property Taxes
Parcel Number
0130-K-00137-0000-00
Land Assessment
$18,600
Improvements Assessment
$75,800
Total Assessment
$94,400
1 of 21
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Lifespace Real Estate
609 Ann St
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