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    489 Main St Montrose, PA 18801

    For Sale
    $219,000

    Prime Montrose retail space with apartments.

    Property size:
    2,100 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This commercially zoned property at 489 S Main Street, Montrose, PA, offers a fantastic investment opportunity. The 2,100 square foot building sits on a 0.4-acre lot and features a ground floor retail space previously occupied by a thriving bridal shop. The recent success of this retail tenant speaks to the property's excellent location and potential. Upstairs, you'll find two one-bedroom, one-bathroom apartments, providing additional income streams. The building boasts vinyl siding for low maintenance, updated electrical systems, and oil hot water heating. The rubber roof has been treated with a silver reactive mesh sealant, offering an estimated 25-year lifespan. The community is investing in a sidewalk replacement, further enhancing the property's curb appeal. Ample public and metered parking is conveniently located nearby. The property is being sold in "as is" condition. This is an exceptional chance to acquire a versatile commercial property in a desirable location with immediate income potential from both the retail space and the residential apartments. The combination of retail and residential use makes this a unique and attractive investment. Don't miss this opportunity to own a piece of Montrose's vibrant commercial landscape.

    Property Features for 489 Main St

    General Information

    Property type
    Retail properties
    Square Feet
    2,100 SF
    Lot Size
    17,424 SF

    Building Details

    Year Built
    1886
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail properties

    Map

    City
    Montrose
    County
    Susquehanna
    State
    Pennsylvania
    Longitude
    -75.87928
    Latitude
    41.83269

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    FAQs

    What type of property is this?
    Retail property - Prime Montrose retail space with apartments.
    Where is this retail property located?
    The property is located at 489 Main St Montrose, PA.
    What is the asking price?
    The asking price for this property is $219,000.
    (570) 489-2563
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    Realmo Value Estimation

    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.

    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.

    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
    489 Main St Montrose, PA 18801
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