994 Market St, Meadville, PA, 16335
About This Home
This exceptional commercial property offers the perfect blend of style, stability, and strong returns. Fully leased and cash-flowing from day one, it features three high-performing units—including a thriving first floor restaurant and two renovated upscale apartments above. The residential units boast modern layouts, premium finishes, and quality tenants. The restaurant space is equipped and includes select commercial kitchen equipment, delivering added value. Situated on high-visibility Market Street in downtown Meadville, this location ensures steady foot traffic and accessibility. Best of all, the property delivers an outstanding cap rate of nearly 12%, making it a rare and lucrative opportunity for any investor. A liquor license is also available—contact the listing agent for details. Opportunities like this don’t come around often. Whether you're expanding your portfolio or securing your first commercial investment, this turnkey asset checks all the boxes.
Getting Around
Very Walkable
Very Limited Transit
BikeableSchools
Construction
Condition
- Property condition: Resale
- Year built: 1900
Materials
- Roof: Rubber
- Construction materials: Brick
Type & Style
- Home type: MultiFamily
- Architectural style: Two Story
- Property subType: Multi Family
Interior
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 4
Heating & Cooling
- Heating features: Forced Air,Gas
- Cooling features: Window Unit(s)
Interior Area
- Total structure area: 3,136
- Total interior livable area: 3,136 sqft
Property
Details
- Parcel number: 3600021E3
- Zoning description: MU
Features
- Levels: Two
- Stories: 2
Lot
- Lot size: 3,417 sqft
- Lot size dimensions: 67 x 51 x 67 x 51
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Inland Flooding
- Lightning
- Strong Wind
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters Across Pennsylvania Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,511 | $18,132 |
| Home Insurance * | $209 | $2,508 |
| Property Taxes | $308 | $3,696 |
| Electricity | $344 | $4,128 |
| Total | $2,372 | $28,464 |
Income You'd Need if You Spent...
Pennsylvania FAIR Plan Programs
Insurance Placement Facility of Pennsylvania/FAIR Plan
Wildfire
HailWindHow Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-29 | Price change | $299,000 |
| 2026-04-29 | Listed for sale | $349,000 |
| 2026-03-09 | Pending sale | $349,000 |
| 2025-10-06 | Price change | $349,000 |
| 2025-05-01 | Listed for sale | $375,000 |
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