1219 Merchant St, Ambridge, PA 15003

Property Description

In the heart of Ambridge, this 3,080-square-foot mixed-use building offers immediate income with strong tenant stability. The entire structure was completely gutted to the studs and rebuilt just one year ago, completed immediately before the current leases commenced, with all new mechanical systems, windows, flooring, fixtures, and more. The first-floor commercial suite is fully leased to Caffe Nero under a long-term triple-net agreement with a base rent of $1,450 per month and automatic renewal options. The tenant is responsible for 100 percent of taxes, insurance, CAM, and all operating expenses. The upper levels include two separate residential units, each leased at $1,100 per month, delivering a gross annual income of $43,800, total annual real estate taxes of only $2,300.41, and an NOI of $43,800 from established tenants. All tenants pay their own utilities, keeping owner expenses minimal. The property features solid construction, separate entrances, and a prime location within the borough’s commercial historic district. Ambridge provides convenient access to Pittsburgh, approximately 16 miles away, along with local shops, dining, and the nearby Old Economy Village National Historic Landmark. This turnkey asset, now in like-new condition with years of low maintenance ahead, is ideal for investors seeking reliable returns in a historic Pennsylvania borough with proven rental demand.