639 Main StPortage, PA 15946

Property Details for 639 Main St

Lot size

0.05 AC

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

047 026787

APU

47026787

Description

This attractive mixed-use property in Portage, Pennsylvania, presents a compelling investment opportunity. Located at 639 Main St, 15946, this two-story building offers 2,132 square feet and boasts three units, currently configured as two residential apartments above a ground-floor commercial space. The building sits in a high-traffic area, providing excellent visibility for any commercial venture. The permitted zoning is Mixed Use, allowing for a variety of potential uses, including apartments, office space, or retail. The current setup offers immediate cash flow potential, while the building also presents an opportunity for rehabilitation and customization to suit individual needs. This property is ideal for investors seeking a versatile asset with strong potential for return. The asking price is $55,000. The property is owner-occupied.

• CAP approach

  CAP return

  Valuation

  6%

  $492,853

  6.5%

  $454,942

  7%

  $422,446

• Comparable approach

  Method

  Valuation

  Relative Method

  $235,937

  Geo Method

  $461,861

• Alternative Use

  Use

  Valuation

  Residential

  $564,128

  Hospitality

  $516,738

  Educational

  $429,920

  Medical

  $444,705

  Retail

  $668,764

Location Insight

City

Portage

County

Cambria

State

Pennsylvania

Latitude

40.3866

Longitude

-78.6726

CBSA code

27780

CBSA name

JOHNSTOWN, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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