331-333 W Main Street

Property Description

Historic Downtown Ligonier Investment Opportunity | Own a piece of Ligonier history with this income-producing investment property located on highly desirable West Main Street, just a few blocks from the heart of town and the beloved Ligonier Diamond. Situated in one of Western Pennsylvania's most charming and visited communities, 331-333 W Main Street offers a rare opportunity to acquire a landmark property with multiple revenue streams already in place. Currently generating income from three separate revenue streams, the property features two upstairs residential apartments and a lower-level commercial space occupied by a gun shop, providing immediate cash flow for investors. In addition to the existing rental income, the property has a strong and established history of producing seasonal income through vendor space rentals during the nationally recognized Fort Ligonier Days festival, one of the region's most attended annual events. Best known for many years as the home of Rosalie Jioio's Little Italy, this beloved destination carries decades of local history, character, and community recognition. The former restaurant space presents an exciting opportunity for an entrepreneur, restaurateur, retailer, brewery, specialty market, or creative business concept to bring new life and vision to a well-known Ligonier landmark. The property offers the convenience and value that are increasingly difficult to find in downtown locations, including valuable extensive off-street parking alongside and behind the buildings, providing ample accommodations for tenants, customers, visitors, and festival attendees. Positioned among Ligonier's thriving collection of shops, restaurants, galleries, and businesses, this unique mixed-use property combines historic charm, immediate income potential, redevelopment opportunities, and a prime location in one of Westmoreland County's most sought-after markets. Whether you're seeking a steady investment, a live/work opportunity, or the chance to revitalize a cherished local institution, 331-333 W Main Street delivers exceptional potential with multiple avenues for growth and income. Investment Highlights: - Three current revenue streams: two residential apartments and one commercial tenant - Additional seasonal revenue potential from Fort Ligonier Days vendor rentals - Prime West Main Street location near the Ligonier Diamond - Extensive side and rear parking - Mixed-use flexibility with redevelopment and owner-user possibilities - High visibility and strong pedestrian traffic in a sought-after destination community. Current monthly income includes: - Apartment 1: $600/month - Apartment 2: $650/month - Commercial Gun Shop: $825/month - Fort Ligonier Days Rental Income: $1,166/month (seasonal/event-based) With total income potential of approximately $3,241 per month, this property presents an attractive opportunity for investors seeking diversified revenue sources in one of Westmoreland County's most desirable small-town destinations. High visibility along West Main Street, walkability to shops, restaurants, and community events, plus the charm and character of historic Ligonier make this a compelling addition to any investment portfolio. Whether you're looking to expand your rental holdings, add a mixed-use asset to your portfolio, or secure a prominent Main Street property with proven income history, 331-333 W Main Street delivers both character and income-producing potential.