Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1017 Main Street Portage, PA 15946

    View on Map
    For Sale
    $54,900

    LAND - Portage, PA

    Lot size:
    0.24 Acres
    Added:
    Jun 23, 2025
    Days on Market:
    289
    Last Refresh:
    Apr 7 at 12:06 am

    Property Features for 1017 Main Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Commercial
    Standard status
    Active
    APN
    47-006. -122, -121
    Lot size
    0.24 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    2759/ 588, 2018-7457
    Tax Annual Amount
    1041

    Utilities

    Utilities
    Electricity Available
    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Water source
    Public

    We can help!

    Listing Contact
    Hunter Ott
    Hunter Ott

    Listing agent Hunter Ott License #RS353898

    Listing office Howard Hanna Bardell Realty Altoona 300 Orchard Ave, Bedford, PA

    Listing date Jun 23, 2025

    MLS# 77704

    Copyright © 2025 Allegheny Highland Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Corner Lot on Main Street

    This approximately 0.24-acre corner lot is situated along Main Street in Portage Borough. The flat land is equipped with readily available utilities. Previously a gas station, the property has undergone professional remediation, including the removal of tanks, and is in compliance with DEP standards. This site offers an ideal location for any business venture.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Gas stations

    Suggested Use

    Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Kitchen & Bath Showroom Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Portage
    County
    Cambria
    State
    Pennsylvania
    Longitude
    -78.673113
    Latitude
    40.383343

    Nearby Similar for Sale

    • $279,000

      Portage Commercial Building with Tenant

      Well-maintained commercial property with tenants in a prime location.
      605 Main Street, Portage, PA 15946
      View Details
    • $219,900

      Versatile Commercial Building in Portage

      Expansive commercial building with ballroom, kitchen, and apartment potential.
      701 Main Street, Portage, PA 15946
      View Details
    • $279,000
      6,800 SF

      Versatile Commercial Building in Portage

      Well-maintained commercial property with income potential in a prime location.
      605 Main Street, Portage, PA 15946
      View Details
    • $279,000
      6,800 SF

      Commercial Building in Portage, PA

      Well-maintained commercial property with versatile space and income potential.
      605 Main Street, Portage, PA 15946
      View Details
    • $199,900

      Portage Multi-Family Investment Opportunity

      Four-unit multi-family property in Portage, PA with strong cash flow.
      131-135 Munster Road, Portage, PA 15946
      View Details
    • $219,900

      Versatile Commercial Building in Portage

      15,500 sq ft commercial building with ballroom and apartment potential.
      701 Main Street, Portage, PA 15946
      View Details
    • $117,500
      2,420 SF

      Portage Multi-Unit Investment Property

      Well-maintained two-unit property in Portage, Pennsylvania.
      725 Farren Street, Portage, PA 15946
      View Details
    • $219,900
      5,500 SF

      Versatile Commercial Building in Portage

      Expansive commercial building with ballroom, kitchen, and apartment potential.
      701 Main Street, Portage, PA 15946
      View Details
    • $34,900

      Flat Corner Lot For Sale

      Large, flat corner lot with utilities available in Portage, PA.
      0 Johnson Avenue, Portage, PA 15946
      View Details
    • $54,900

      Prime Corner Lot on Main

      0.24-acre corner lot on Main Street, Portage Borough.
      1017 Main Street, Portage, PA 15946
      View Details
    • $615,000

      42.6 Acres on Munster Road

      Investment property featuring fields, wooded areas, and a stream.
      1803 Munster Road, Portage, PA 15946
      View Details
    • $224,900
      5,000 SF

      Established Restaurant on Main Street

      Turn-key restaurant opportunity in Portage, PA with updated features.
      709 Main Street, Portage, PA 15946
      View Details

    FAQs

    What type of property is this?
    Gas station - 0.24-acre corner lot on Main Street in Portage Borough.
    Where is this gas station located?
    The property is located at 1017 Main Street Portage, PA.
    What is the asking price?
    The asking price for this property is $54,900.
    What are key features of this property?
    This property features: Prime 0.24‑acre corner lot on Main Street in Portage Borough.; Ideal location for business ventures with high traffic exposure.; Flat land with readily available utilities (Electricity, Water, Sewer, Natural Gas).
    (814) 254-8121
    We can help!
    Listing Contact
    Hunter Ott
    Hunter Ott
    Real Estate License ID: RS353898
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!