Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Ambridge Commercial Building with Apartments Title is generated by Realmo AI

    598 Merchant Street, Ambridge, PA 15003

    View on Map
    Claim this Listing
    For Sale
    $599,000

    Other - Ambridge, PA

    Lot size:
    0.09 Acres
    Added:
    Dec 9, 2025
    Days on Market:
    172
    Last Refresh:
    May 30 at 2:06 pm

    Property Features for 598 Merchant Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    comm
    Standard status
    Active
    Lot size
    0.09 Acres

    Taxes and HOA fees

    Tax Annual Amount
    7215

    Building Details

    Year built
    1947
    Building materials
    Brick
    Architectural style
    Other

    We can help!

    Listing Contact
    Robert Strohm

    Listing agent Robert Strohm License #RS189629

    Listing office COLDWELL BANKER REALTY 17 Brilliant Avenue, Suite 100, Pittsburgh, PA

    Listing date Dec 9, 2025

    MLS# 1733083 Listing URL

    Copyright © 2026 West Penn Multi List, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Income‑producing property with 4 apartments on the 2nd floor
    • Versatile commercial building suitable for retail or office space
    • Excellent visibility and strong foot traffic in the heart of Ambridge
    • Full unfinished basement ideal for storage or expansion
    • Close proximity to shops, dining, and local amenities
    • Separate meters for each apartment

    Overview

    Located in Ambridge, Pennsylvania, this commercial building presents an investment opportunity. The property features a first-floor retail or office space, complemented by a full, unfinished basement suitable for storage or expansion. The second floor houses four apartments, which are currently generating income. The 0.09-acre lot is zoned for commercial use. Each apartment is individually metered for utilities, including electric baseboard heating, electric ranges, and electric hot water. Tenants are responsible for their own utility expenses. The property benefits from high visibility, significant foot traffic, and its proximity to shops, dining options, and local amenities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ambridge
    County
    Beaver
    State
    Pennsylvania
    Longitude
    -80.227021
    Latitude
    40.586543

    Nearby Similar for Sale

    • $710,000

      Historic Mixed-Use Building in Ambridge

      Fully occupied retail and residential units in prime business district.
      601 Merchant, Ambridge, PA 15003
      View Details
    • $1,500,000

      Ambridge Mixed-Use Building For Sale

      4,000 sq ft mixed-use building with conversion potential.
      304 Duss Ave, Ambridge, PA 15003
      View Details
    • $399,900
      4,050 SF

      Ambridge Church Banquet Hall For Sale

      Banquet hall with kitchen and ample storage in Ambridge, PA.
      750 5th St, Ambridge, PA 15003
      View Details
    • $169,900

      Ambridge Mixed-Use Commercial Building

      Mixed-use building with commercial storefront and two residential units.
      848 Duss Ave, Ambridge, PA 15003
      View Details
    • Contact for pricing
      2,134 SF

      Corner Commercial Building with Drive-Thru

      Flexible commercial space with unique infrastructure in a high-visibility location.
      506 Merchant St, Ambridge, PA 15003
      View Details
    • $395,000
      13,000 SF

      Ambridge Legion Building For Sale

      Unique brick building with high visibility and endless possibilities.
      400 Duss Ave, Ambridge, PA
      View Details
    • $99,900

      Commercial Property with Apartment Above

      Unique commercial property with apartment in historic district.
      1201 Merchant St, Ambridge, PA, 15003-2253
      View Details
    • $265,000
      26,000 SF

      Historic District Building Renovation Project

      26,000 SF historic building with apartment, renovation opportunity.
      1210-1220 Merchant St, Ambridge, PA
      View Details

    FAQs

    What type of property is this?
    Retail space - Versatile commercial building with retail space and income-producing apartments.
    Where is this retail space located?
    The property is located at 598 Merchant Street Ambridge, PA.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: Income‑producing property with 4 apartments on the 2nd floor; Versatile commercial building suitable for retail or office space; Excellent visibility and strong foot traffic in the heart of Ambridge
    (412) 963-7655
    We can help!
    Listing Contact
    Robert Strohm
    Real Estate License ID: RS189629
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    598 Merchant Street, Ambridge, PA 15003
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!