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994 Market St 3,136 SF 100% Leased Retail Building Meadville, PA 16335 $349,000 ($111.29/SF) 12.89% Cap Rate
Executive Summary
This stunning, modern commercial property is a prime investment opportunity, offering both beauty and profitability. Featuring three fully occupied units, this building is turnkey and income-generating from day one. The two upscale apartments upstairs are modern, spacious, and beautifully designed, with high-end finishes and excellent tenants already in place. On the first floor, a thriving restaurant tenant provides steady rental income, and the property includes several commercial kitchen supplies, adding even more value. Located right on Market Street, this property offers fantastic visibility and accessibility. With great tenants, modern upgrades, and a prime location, this is a rare opportunity to invest in an exceptional commercial property. Don’t miss your chance to own this beautiful, high-performing asset! A liquor license is also available for purchase, contact the listing agent for more details!
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,136 SF
Building Class
C
Year Built/Renovated
1920/2021
Price
$349,000
Price Per SF
$111.29
Cap Rate
12.89%
NOI
$45,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.90
Lot Size
0.08 AC
Zoning
MU - zoning district is for low-impact, small-scale, neighborhood-serving retail and service uses in storefront buildings, along with residential uses.
Amenities
- Tenant Controlled HVAC
- Air Conditioning
- Smoke Detector
Moderately walkable
70/100
Very drivable
80/100
Exceptionally bikeable
90/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 36-0-023236 | Improvements Assessment | $30,350 |
| Land Assessment | $6,750 | Total Assessment | $37,100 |
Property Taxes
Parcel Number
36-0-023236
Land Assessment
$6,750
Improvements Assessment
$30,350
Total Assessment
$37,100
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994 Market St
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