Emlenton Mixed-Use Investment
607 Main St, Emlenton, PA 16373
MULTI_FAMILY - Emlenton, PA
Property size:
3,480 SFLot size:
0.09 AcresPrice / SF:
$251/SF- Added:
- Jul 17, 2025
- Days on Market:
- 310
- Last Refresh:
- May 22 at 7:06 pm
Property Features for 607 Main St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Commercial
- Bedrooms
- 1
- Bathrooms
- 4
- Rooms
- Bedroom 1, Bathroom 1, Bathroom 3, Basement, Bathroom 2, Bathroom 4
- Basement
- Full, Partially Finished, Finished
- Standard status
- Active
- APN
- 09,003.-101..-000
- Size
- 3,480 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Annual Amount
- 407
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1870
- Floors in Building
- 3
- Number of units
- 9
- Roof type
- Metal
Listing agent Alison Heffner (814) 271-9676
Listing office Burford & Henry Real Estate Services 10189 RT 322, Shippenville, PA (814) 227-7355
Listing date Jul 17, 2025
MLS# 161838
Listing URL
Copyright © 2026 Allegheny Valley Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Prime investment property with 3 established retail spaces generating active income (ice cream parlor, winery, quilt shop).
- Beautifully renovated apartment included, suitable for owner‑occupancy or rental income.
- Potential for 8‑9 total rental spaces, offering lucrative commercial and residential income opportunities.
- Opportunity to convert an area into a second apartment, increasing rental potential.
- Located in the heart of Emlenton, close to the Allegheny River and the growing community.
- Includes a classroom space, adding versatility and potential for various uses.
Overview
Located in the heart of Emlenton, PA, this mixed-use property at 607 Main St presents a unique commercial and residential opportunity. The property features 3 established retail spaces, currently occupied by an ice cream parlor, a winery, and a quilt shop. In addition to the retail spaces, there is a renovated apartment, suitable for an owner-occupant or as a rental unit. A classroom space and an area with the potential for conversion into a second apartment offer further possibilities. The property has 8-9 potential rental spaces, creating a lucrative opportunity for commercial and residential tenants. The building is located near the Allegheny River and in the heart of Emlenton's growing community. The property size is 3480 square feet and the lot size is 0.09 acres. The zoning is commercial, allowing for a variety of business uses.
Financial Insights
Value Estimation Calculated for Retail
Conservative
$776.2K
NOI $69,854 @ 9.00% cap · cautious / downside scenario
Moderate
$997.9K
NOI $69,854 @ 7.00% cap · market / base-case scenario
Aggressive
$1.40M
NOI $69,854 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $111.5k | $32.04 |
| − Vacancy | −$11.7k | −$3.36 |
| EGI | $99.8k | $28.68 |
| − OpEx | −$29.9k | −$8.60 |
| NOI | $69.9k | $20.07 |
3,480 SF · lease $32.04/SF/yr · vacancy 10.50% · expense 30.00%
Alternative Use Scenarios
Best Use
Retail
$997.9K
$873.2K – $1.16M
NOI $69,854 @ 7.0% cap · market cap 7.99%
Second Best
Mixed Use
$328.1K
$287.1K – $382.8K
NOI $22,968 @ 7.0% cap · market cap 2.63%
Theoretical Best
Office A
$1.10M
$964.7K – $1.29M
NOI $77,172 @ 7.0% cap · market cap 8.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Ice Cream Parlor ...
Grocery & Convenience Store
50 Shades of Grapes
Bar & Pub
Location Insight
- Map
- Local Demand
- City
- Emlenton
- County
- Venango
- State
- Pennsylvania
- Longitude
- -79.7102938
- Latitude
- 41.1770006
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Commercial and residential property with income streams and future potential.
Where is this mixed-use property located?
The property is located at 607 Main St Emlenton, PA.
What is the asking price?
The asking price for this property is $874,000.
What are key features of this property?
This property features: Prime investment property with **3 established retail spaces generating active income** (ice cream parlor, winery, quilt shop).; Beautifully renovated apartment included, **suitable for owner‑occupancy or rental income.**; Potential for 8‑9 total rental spaces, offering lucrative commercial and residential income opportunities.
