#182279, Listing office: ERA Richmond Real Estate Service
Property details
About 994 Market St
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.
Highlights
Home typeMulti Family
HeatingForced Air
StatusActive
CoolingWindow Unit(s)
Size3,136 sqft
Year built1900
MLS #183597
Summary
- Total Bedroom Count: 2
- Attached Garage: No
- Architectural Style: TwoStory
- Heating: Forced Air
- Cooling: Window Unit(s)
- List Price: $375,000
- Price/SqFt: $119
- Annual Tax Amount: $2,143
- Tax Year: 2024
- Directions: Head south on Diamond Park, veer right onto Chestnut St for 0.1 miles. Finally, turn left onto Market St and the destination will be on your right
- Year Built: 1900
- Stories: 2
- Living Area: 3,136 SqFt
- MLS Number: 183597
- MLS Name: EriePA
- Office Name: RE/MAX Hometown Realty
- Office Phone: (814) 333-1141
Copyright © 2025 Greater Erie Board of REALTORS®, Inc. Information deemed reliable but not guaranteed. IDX information is provided exclusively for consumers personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/30/2025, 3:45:39 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Apr 16, 2021 | Home Sold | $162,500 |
| Jun 18, 2018 | Home Sold | $34,100 |
| Jun 18, 2018 | Home Sold | $34,100 |
| Sep 25, 2013 | Home Sold | $65,000 |
| Apr 22, 2005 | Home Sold | $80,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $37,100 | $2,143 |
| 2023 | $37,100 | $2,143 |
| 2022 | $37,100 | $3,612 |
| 2021 | $37,100 | $3,612 |
| 2020 | $37,100 | $3,575 |
| 2019 | $37,100 | $3,575 |
| 2018 | $37,100 | $1,521 |
| 2017 | $37,100 | $1,512 |
History based on county public records data.
Nearby schools
4
Second District Elementary School
Public District KG-6
0.4 mi
•1216 S Main St
4
First District Elementary School
Public District KG-6
0.6 mi
•725 N Main St
6
Neason Hill Elementary School
Public District KG-6
1.2 mi
•11293 Williamson Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $26,013. The majority of Meadville, PA residents have income less than $<35k annually. Residents typically live in single, no kids family. Residents of this area typically have high school diploma education.
How much money do the neighbors make?
70%
<35k
28%
35k-100k
2%
100k-200k
0%
200k+
What level of education do the neighbors have?
No High School
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
63%
Single, No Kids
20%
Single, with Kids
11%
Married, No Kids
6%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
17%
<11 yrs old
8%
12-17 yrs old
23%
18-34 yrs old
38%
35-64 yrs old
14%
65+ yrs old
What do the neighbors do for fun?
Pro Wrestling
Figure Skating
Extreme Sports
Where do the neighbors shop?
Wal-Mart
Kmart
Family Dollar
Where do the neighbors go to eat?
Sonic
Bob Evans
Dominos Pizza
What do the neighbors drive?
Oldsmobile
Buick
Ford
What do the neighbors listen to?
Contemporary Inspirational- Oldies
New Country
All data provided by Home Junction and Claritas
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Frequently asked questions
About 994 Market St
The listing price of 994 Market St property is $375,000.
The property 994 Market St is a multi located in Meadville, Pennsylvania, 16335.
Active Listing: 994 Market St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 994 Market St are: Second District Elementary School (GreatSchools Rating 4/10), First District Elementary School (GreatSchools Rating 4/10), Neason Hill Elementary School (GreatSchools Rating 6/10), Meadville Are Middle School (GreatSchools Rating 4/10), Conneaut Lake Middle School (GreatSchools Rating 6/10), Conneaut Valley Middle School (GreatSchools Rating 5/10), Meadville Area Senior High School (GreatSchools Rating 5/10), Saegertown Junior/Senior High School (GreatSchools Rating 6/10), Cochranton Junior Senior High School (GreatSchools Rating 6/10).
According to the records, the last property tax for 2024 is $2,143 (source: MLS/based on county public records data).
The last sale was on April 16, 2021 for $162,500 (source: MLS/tax record).
The property 994 Market St is 3,136 SqFt (source: MLS/tax record).
The year of construction for 994 Market St is 1900.
This home is located at 994 Market St in Meadville, PA and zip code 16335. This 3,136 square foot home was built in 1900. Features: 2 bedrooms, 0 bathroom. It has been listed on Rocket Homes since May 1, 2025 and is currently priced at $375,000.
From Rocket Homes Real Estate and based on county public records data.