634-636 Main StJohnstown, PA 15901

Property Details for 634-636 Main St

Year built

1900

Lot size

0.12 AC

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

074 000441

APU

74000441

Description

This exceptional mixed-use building, located at 634-636 Main St in Johnstown, Pennsylvania, presents a compelling investment opportunity. Boasting a substantial 20,516 square feet, this 18-unit property is priced competitively at $149,000, translating to $7.26 per square foot. Constructed in 1900, the building is zoned for commercial use and offers a blend of commercial and residential spaces. Currently, the building houses a mix of commercial tenants, including a hair salon, coin shop, and leather shop, alongside 14 residential units. Its prime downtown location offers easy access to various amenities and public transportation, making it highly attractive to both businesses and residents. The building's versatile layout and established tenancy provide immediate income potential, while its substantial size allows for significant future development and expansion. This property represents a rare chance to acquire a well-situated, income-generating asset in a vibrant Pennsylvania city. The property is situated in Cambria County, PA, zip code 15901. This is a remarkable opportunity for investors seeking a strong return on investment in a thriving urban setting.

• CAP approach

  CAP return

  Valuation

  6%

  $1,129,082

  6.5%

  $1,042,230

  7%

  $967,785

• Comparable approach

  Method

  Valuation

  Relative Method

  $540,510

  Geo Method

  $1,058,082

• Alternative Use

  Use

  Valuation

  Residential

  $1,292,365

  Hospitality

  $1,183,799

  Educational

  $984,907

  Medical

  $1,018,780

  Retail

  $1,532,078

Location Insight

City

Johnstown

County

Cambria

State

Pennsylvania

Latitude

40.3237

Longitude

-78.9151

CBSA code

27780

CBSA name

JOHNSTOWN, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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