166 Ligonier St New Florence, PA 15944
This exceptional 2,200 square foot retail property, located at 166 S Ligonier St in New Florence, Pennsylvania, presents a unique investment opportunity. Situated on a 0.4-acre lot at a prime corner intersection in Westmoreland County (zip code 15944), this single-story, Class B building boasts tremendous visibility and accessibility. Built in 1960, the structure is a solid masonry building with excellent signage potential. The property features a drive-thru window and ample parking with 8 spaces. The interior offers a large lobby, three offices, a steel vault, and two restrooms. Previously a bank branch, this versatile space is ideal for adaptive reuse, repositioning, or redevelopment. Multiple points of ingress and egress enhance convenience. The property is zoned Mixed Use and offers 2,200 square feet of net rentable space, available for $129,000 ($58.64 per square foot). The lease type is NNN, and the occupancy date was November 30, 2021. This owner-user investment is perfect for a variety of businesses, including but not limited to ice cream shops, coffee shops, donut shops, banks, or fast-food restaurants. Monthly ownership costs are estimated to be as low as $800.
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First National Bank ATM Atm
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.