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    730 N Main St Port Allegany, PA 16743

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    Sponsored
    For Sale
    $299,000

    Commercial Sale - Port Allegany, PA

    Lot size:
    0.48 Acres
    Days on Market:
    5
    Last Refresh:
    Mar 6 at 6:06 am

    Property Features for 730 N Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5
    Bathrooms
    11
    Lot size
    0.48 Acres

    Utilities

    Heating system
    Electric (Heating)

    Building Details

    Year built
    1970
    Building materials
    Block, Vinyl Siding
    Roof type
    Metal, Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Theresa Mead
    Theresa Mead

    Cowanesque Lake Realty LLC (570) 418-1661

    Listing agent Theresa Mead (570) 944-0101

    Listing date Mar 2, 2026

    MLS# 31725938 Listing URL

    Copyright © 2026 Northern Mountains of Pennsylvania MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Port Allegany Multifamily/Motel Opportunity

    Formerly the Port Motel, this property is currently operated as a residential rental property with individual units leased to long-term tenants. The property features 11 units, including an attached duplex, with nearly all units currently rented. The building's history and layout create a unique value-added opportunity. The existing setup allows the property to continue operating as a stabilized multifamily operation or to be returned to motel use with minimal transition, offering investors multiple operating strategies. Located along North Main Street in Port Allegany, PA, the property benefits from excellent visibility and accessibility. Situated on a 0.48-acre lot, this asset offers multiple paths to revenue, whether held as a long-term residential investment, repositioned for short-term lodging, or operated as a hybrid model. The property is located in McKean County, PA, with the postal code 16743.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Motels

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Nail Salon Building Supply Auto Repair Shop Pharmacy Accounting Firm Big Box & Wholesale Store

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

    Similar Places Nearby

    Midtown Motel (Updated 2020)

    Location Insight

    • Map
    • Local Demand
    City
    Port Allegany
    County
    McKean
    State
    Pennsylvania
    Longitude
    -78.2873073
    Latitude
    41.821071

    Nearby Similar for Sale

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    • $1,200,000

      Port Allegany Retail Investment Opportunity

      Two-unit commercial building with Shop-N-Save and Juniata Valley Bank.
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    • Contact for pricing

      Versatile Industrial/Warehouse Opportunity

      211,552 SF industrial complex on 36 acres.
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    FAQs

    What type of property is this?
    Motel - Value-add multifamily property with motel conversion potential in Port Allegany.
    Where is this motel located?
    The property is located at 730 N Main St Port Allegany, PA.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: - Excellent visibility and accessibility on North Main Street.; - Offers multiple operating strategies: long-term residential rental, short-term lodging (motel), or a hybrid model.; - Currently operating as a residential rental property with nearly all 11 units rented, providing immediate income.
    (814) 367-7984
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    730 N Main St Port Allegany, PA 16743
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    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
    730 N Main St Port Allegany, PA 16743
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    We can help!
    Listing Contact
    Theresa Mead
    Theresa Mead
    (814) 367-7984 (570) 944-0101
    Learn more
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