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    Historic Retail Storefront Building Title is generated by Realmo AI

    108 S Market St, Ligonier, PA 15658

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    For Sale
    $519,900

    Retail - Ligonier Boro, PA

    Type:Retail
    Lot size:
    0.22 Acres
    Added:
    Jun 6, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 7 at 10:06 pm

    Property Features for 108 S Market St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Zoning
    C
    Parking
    8
    Standard status
    Active
    Lot size
    0.22 Acres

    Taxes and HOA fees

    Tax Annual Amount
    3246

    Building Details

    Year built
    1873
    Building materials
    Brick
    Architectural style
    Other

    We can help!

    Listing Contact
    Lorraine Dicecco

    Listing agent Lorraine Dicecco License #AB067527

    Listing office LOYALHANNA REALTY, LLC 201 S. Market Street, Ligonier, PA

    Listing date Jun 6, 2026

    MLS# 1758609 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

    • All‑brick and stone construction historical building built in 1873
    • High ceilings and large rooms
    • Full basement plus yard that extends to the alley
    • Outside storage garage
    • Rear apartment has separate utilities
    • Interior needs refinement

    Overview

    This historic retail storefront building features sturdy all-brick and stone construction with high ceilings and large interior rooms. The property includes a full basement, an exterior storage garage, and a yard that extends to the alley. Built in 1873, the building previously operated as The Toy Box until the owners retired in recent years.

    Located at 108 S Market St in Ligonier Boro, Pennsylvania, the property is positioned for direct storefront use within a well-known local setting. In addition to the retail space, there is an apartment in the rear of the building, and the apartment has separate utilities, providing a practical configuration for mixed-use scenarios.

    For buyers and tenants considering retail operations, the existing storefront layout, substantial room sizes, and basement can support a range of merchandising concepts, subject to interior refinements. The separate-utility rear apartment may also appeal to owners seeking an on-site living or rental component alongside retail. The interior is noted as needing refinement, offering an opportunity to tailor finishes and layout to the next user’s needs. Zoning is listed as C.
    Property Profile Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

    Similar Places Nearby

    • The Art Of Nature Botanical Boutique — 212 W Main St, Ligonier, PA 15658
    • Rachel's Ligonier Floral — 111 W Main St, Ligonier, PA 15658

    Location Insight

    • Map
    • Local Demand
    City
    Ligonier
    County
    Westmoreland
    State
    Pennsylvania
    Longitude
    -79.238327
    Latitude
    40.242436

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    FAQs

    What type of property is this?
    Storefront property - All-brick and stone storefront with high ceilings, large rooms, basement, and an on-site rear apartment with separate utilities.
    Where is this storefront property located?
    The property is located at 108 S Market St Ligonier, PA.
    What is the asking price?
    The asking price for this property is $519,900.
    What are key features of this property?
    This property features: All‑brick and stone construction historical building built in 1873; High ceilings and large rooms; Full basement plus yard that extends to the alley
    (724) 238-3663
    We can help!
    Listing Contact
    Lorraine Dicecco
    Real Estate License ID: AB067527
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    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.

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