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138 W Main St 4,200 SF 100% Leased Retail Building Ligonier, PA 15658 $399,000 ($95/SF) 7.25% Cap Rate
Investment Highlights
- Stable hold with long-term cash flow.
- Downtown location reduces tenant dependence on dedicated on-site parking.
- Within walking distance of the borough's historic Diamond.
- Two fully occupied retail storefronts and an occupied second floor apartment.
Executive Summary
The property is a mixed-use investment asset located in the heart of downtown Ligonier, just one block from the borough’s historic Diamond. The building features three income-producing spaces, including two street-level retail storefronts and a second-floor residential apartment consisting of three bedrooms and one-and-a-half bathrooms.
The property is currently 100% occupied by established local tenants and is zoned C-1 (Mixed-Use), allowing for continued retail and residential use. Its walkable downtown location offers strong visibility and consistent pedestrian traffic, while the surrounding street parking eliminates the need for dedicated on-site parking.
The property is currently 100% occupied by established local tenants and is zoned C-1 (Mixed-Use), allowing for continued retail and residential use. Its walkable downtown location offers strong visibility and consistent pedestrian traffic, while the surrounding street parking eliminates the need for dedicated on-site parking.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$43,200
|
$10.29
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$43,200
|
$10.29
|
| Taxes |
$3,648
|
$0.87
|
| Operating Expenses |
$10,621
|
$2.53
|
| Total Expenses |
$14,269
|
$3.40
|
| Net Operating Income |
$28,931
|
$6.89
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $43,200 |
| Annual Per SF | $10.29 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $43,200 |
| Annual Per SF | $10.29 |
| Taxes | |
|---|---|
| Annual | $3,648 |
| Annual Per SF | $0.87 |
| Operating Expenses | |
|---|---|
| Annual | $10,621 |
| Annual Per SF | $2.53 |
| Total Expenses | |
|---|---|
| Annual | $14,269 |
| Annual Per SF | $3.40 |
| Net Operating Income | |
|---|---|
| Annual | $28,931 |
| Annual Per SF | $6.89 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,200 SF
Building Class
C
Year Built
1922
Price
$399,000
Price Per SF
$95
Cap Rate
7.25%
NOI
$28,931
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.92
Lot Size
0.11 AC
Zoning
C-1 - C-1 zoning is intended to support Ligonier’s downtown core and generally permits a wide range of commercial, mixed-use, and residential uses.
Frontage
64’ on W Main St
Walk Score®
Very Walkable (74)
Nearby Major Retailers
Property Taxes
| Parcel Number | 16-01-15-0-146 | Total Assessment | $26,810 |
| Land Assessment | $15,020 | Annual Taxes | $3,648 ($0.87/SF) |
| Improvements Assessment | $11,790 | Tax Year | 2025 |
Property Taxes
Parcel Number
16-01-15-0-146
Land Assessment
$15,020
Improvements Assessment
$11,790
Total Assessment
$26,810
Annual Taxes
$3,648 ($0.87/SF)
Tax Year
2025
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138 W Main St
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