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Property profile & analytics
OFF-MARKET
Investment properties

489 Main St Montrose, PA 18801-1557

0.04 ac lot
Individually Owned 1-yr Hold ~ Est. High Equity
Property ID
US73-4884270
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Lot 0.04 ac (1,742 SF)
APN 124.13-3,017.00,000.
UPID US73-4884270
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Ronalyn Lewis · 1 yrs held
Ronalyn Lewis
since 2025
Last sale
$143,000
4 recorded transactions
2025
Price N/A
2025
$143,000
2024
$5,633
2015
$141,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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