1149 Merchant StAmbridge, PA 15003

Property Details for 1149 Merchant St

Year built

1929

Construction

BRICK

Lot size

0.05 AC

Property size (Sq ft)

3,228 SF

Property type

Office buildings

APN

11-004-0535.000

APU

110040535000

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $613,892

  6.5%

  $566,669

  7%

  $526,193

• Comparable approach

  Method

  Valuation

  Relative Method

  $301,947

  Geo Method

  $301,947

• Alternative Use

  Use

  Valuation

  Residential

  $702,670

  Hospitality

  $643,642

  Educational

  $535,502

  Medical

  $553,919

  Retail

  $833,004

Location Insight

City

Ambridge

County

Beaver

State

Pennsylvania

Latitude

40.5941

Longitude

-80.2308

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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