709 Main StPortage, PA 15946

Property Details for 709 Main St

Lot size

0.13 AC

Property type

Retail properties

APN

047 027142

APU

47027142

Description

This exceptional turnkey restaurant opportunity in Portage, Pennsylvania, is priced at $249,900. Located at 709 Main St, this 5,000 square foot, single-story building sits on a 5,850 square foot lot. Built in 1930, the property is zoned commercial and features a fully equipped, updated stainless steel kitchen, including a walk-in cooler and freezer. New flooring and renovated restrooms enhance the space. The current Italian restaurant is operational and includes all assets in the sale price. The layout offers a bar area, ample seating for dine-in customers, and a designated buffet zone. Additional space is available for hall rentals and catering services, presenting diverse revenue streams. This owner-user investment is immediately available, offering a seamless transition for a new owner. The property's prime location on Main Street in Portage, Cambria County, PA 15946 (40.3686632, -78.6455475) ensures high visibility and accessibility. This is a rare chance to acquire an established, profitable business with all equipment and fixtures included, ready for immediate operation. The asking price of $49.98 per square foot reflects the value and potential of this unique opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $1,834,759

  6.5%

  $1,693,623

  7%

  $1,572,650

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,505,706

  Geo Method

  $2,947,516

• Alternative Use

  Use

  Valuation

  Residential

  $1,428,635

  Hospitality

  $1,308,622

  Educational

  $1,088,758

  Medical

  $1,126,202

  Retail

  $1,693,623

Location Insight

City

Portage

County

Cambria

State

Pennsylvania

Latitude

40.3863

Longitude

-78.6726

CBSA code

27780

CBSA name

JOHNSTOWN, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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