502 Main St 5,100 SF Vacant Retail Building Ford City, PA 16226 $590,000 ($115.69/SF) 8.15% Cap Rate



INVESTMENT HIGHLIGHTS
- Located on a signalized corner across from Sheetz.
- Additional acreage can be purchased for expansion
- Rents could be increased. National and local chains as tenants
EXECUTIVE SUMMARY
FINANCIAL SUMMARY (ACTUAL - 2022) |
ANNUAL | ANNUAL PER SF |
---|---|---|
Gross Rental Income |
$54,660
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$10.72
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Other Income |
-
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-
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Vacancy Loss |
-
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-
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Effective Gross Income |
$54,660
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$10.72
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Taxes |
$7,452
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$1.46
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Operating Expenses |
$5,148
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$1.01
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Total Expenses |
$12,600
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$2.47
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Net Operating Income |
$42,060
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$8.25
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PROPERTY FACTS
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Retailer
- 1,200 SF
- -
- May 2024
Subway® is simply the better choice for freshly made, convenient, and affordable food. For a reason, they are one of the world’s largest restaurant brands, serving up a crave-able menu with better options to their millions of fans, every day. Whether it’s their bread baked fresh daily, new flavorful signature subs or their classic fan favorites made fresh to order, Subway® delivers a quality, delicious meal that people can feel good about. The Subway® story began in 1965 when Fred DeLuca asked his family friend, Dr. Peter Buck, a nuclear physicist, for advice on how to pay his college tuition. With an idea to open a submarine sandwich shop and an initial investment from Dr. Buck, the two formed a business partnership that would ultimately change the landscape of the quick-service restaurant industry.
TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
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Retailer | 1,200 SF | - | May 2024 |
PROPERTY TAXES
Parcel Number | 29-0-021245 | Total Assessment | $148,960 (2025) |
Land Assessment | $78,540 (2025) | Annual Taxes | $7,452 ($1.46/SF) |
Improvements Assessment | $70,420 (2025) | Tax Year | 2022 |