489 Main St Montrose, PA 18801-1557
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.
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
Similar Nearby for Sale
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.