Turn-Key Restaurant and
28 E Main St Johnstown, NY 12095
28 E Main St, Johnstown, NY, 12095
$259,900
Pending
For Sale
$259,900
Pending
Recently renovated, fully equipped restaurant with a full bar, outdoor dining, and event space for up to 75.
Property Size3,200 SF
Days on Market510
Property Features for 28 E Main St
General Information
- Standard status
- Pending
- Size
- 3,200 SF
Listing agency
Gateway Realty Solutions
(518) 281-4467
Listed by
Colleen M Ioele-DeCristofaro · License #40IO0785776
(518) 281-4467
Source
Exprealty
Added: Feb 28, 2025 Updated: Jul 22 at 4:17PM Checked: Jul 22 at 4:17PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Gateway Realty Solutions
Investment Insights
Based on property information with market context.
This recently renovated, turn-key restaurant and diner offers an equipped commercial kitchen and includes a full bar. The main dining area is furnished with a mix of colorful seating and sleek tables, and the exterior features a restored facade that keeps the historic feel of the property. Outdoor dining is available for guests, and there is space designed for live music. A second-floor event area accommodates up to 75 people.
Located in the heart of Johnstown, the property is positioned to serve a downtown atmosphere with ongoing activity.
The offering is designed for immediate operation with the restaurant’s core dining and service spaces already in place, along with dedicated areas supporting events and live music.
Located in the heart of Johnstown, the property is positioned to serve a downtown atmosphere with ongoing activity.
The offering is designed for immediate operation with the restaurant’s core dining and service spaces already in place, along with dedicated areas supporting events and live music.
Key Highlights
- Recently renovated, fully equipped restaurant/diner with a full bar
- Outdoor dining space for patrons
- 2nd‑floor event area with capacity for up to 75 people
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $30.3k | $9.48 |
| − Vacancy | −$2.1k | −$0.64 |
| EGI | $28.3k | $8.84 |
| − OpEx | −$8.5k | −$2.65 |
| NOI | $19.8k | $6.18 |
3,200 SF · lease $9.48/SF/yr · vacancy 6.80% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$642.5K
$562.2K – $749.5K
NOI $44,972 @ 7.0% cap · market cap 17.30%
Second Best
Industrial
$282.7K
$247.4K – $329.9K
NOI $19,791 @ 7.0% cap · market cap 7.61%
Theoretical Best
Multifamily LT 5
$2.21M
$1.94M – $2.58M
NOI $154,856 @ 7.0% cap · market cap 59.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Miss Johnstown Diner
Restaurant
CityBuzz Connects
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Recently renovated, fully equipped restaurant with a full bar, outdoor dining, and event space for up to 75.
Where is this conventional restaurant located?
The property is located at 28 E Main St Johnstown, NY.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: Recently renovated, fully equipped restaurant/diner with a full bar; Outdoor dining space for patrons; 2nd‑floor event area with capacity for up to 75 people
