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Property profile

1149 Merchant St Ambridge, PA 15003

OFF-MARKET
Office buildings
Property ID
US73-2520772
3,228 SF 0.05 ac lot Built 1929
Individually Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional mixed-use building presents a compelling investment opportunity in the revitalizing borough of Ambridge, Pennsylvania. Situated on bustling Merchant Street, this two-story property boasts high visibility and accessibility for pedestrians, vehicles, and public transportation. The building offers two designated parking spaces at the rear, supplemented by on-street parking in front. Historically utilized as a combined residence and barber shop on the first floor, with two leased apartment units on the second, this property offers diverse potential uses. Imagine expanding upon the existing configuration as a boarding house, student housing, or even an Airbnb operation. The fully functional barber shop retains its original architectural charm. The building has been meticulously maintained throughout its family ownership, with significant updates including a new boiler (installed end of 2022), a roof replacement in 2015, new windows, a new washer/dryer, a recently replaced rear entrance door, and updated exterior lighting. A functional security system is in place and transferable to the new owner. The property also features emergency lighting and smoke alarms compliant with all current codes. The 0.05-acre lot provides ample space for the building and its associated uses. This property is priced at $195,000 and represents a rare chance to acquire a well-maintained, versatile property in a growing community.

Property profile

Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING
Year built 1929
Construction BRICK
Total area 3,228 SF
Lot 0.05 ac (2,178 SF)
APN 11-004-0535.000
UPID US73-2520772

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1149 Merchant St Ambridge, PA 15003-2386
Ambridge metro Census 604200 PITTSBURGH, PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$225k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$190k

Owner & transaction history

since 2023
1 recorded transaction
2023
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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