diff --git a/Library/Homebrew/formula.rb b/Library/Homebrew/formula.rb
index f0fc5d6c6030d..b3712bd6a744c 100644
--- a/Library/Homebrew/formula.rb
+++ b/Library/Homebrew/formula.rb
@@ -343,13 +343,14 @@ def full_installed_alias_name
 
   # The path that was specified to find this formula.
   def specified_path
-    default_specified_path = Pathname(T.must(alias_path)) if alias_path.present?
-    default_specified_path ||= @unresolved_path
+    alias_pathname = Pathname(T.must(alias_path)) if alias_path.present?
+    return alias_pathname if alias_pathname&.exist?
+
+    return @unresolved_path if @unresolved_path.exist?
 
-    return default_specified_path if default_specified_path.presence&.exist?
     return local_bottle_path if local_bottle_path.presence&.exist?
 
-    default_specified_path
+    alias_pathname || @unresolved_path
   end
 
   # The name specified to find this formula.