Turn-Key Restaurant and
For Sale
$259,900
Pending
28 E Main St, Johnstown, NY 12095
Recently renovated, fully equipped restaurant with a full bar, outdoor dining, and event space for up to 75.
Property Size3,200 SF
Days on Market604
Property Features for 28 E Main St
General Information
Standard status
Pending
Size
3,200 SF
Additional Details
Furnished
Yes
Taxes and HOA fees
Annual Taxes
$3,768
Amenities
outdoor dining space
full bar
space for live music
2nd floor event area
Building Details
Stories
2
Listing Agency:
Gateway Realty Solutions
(518) 848-5774
Listed By:
Colleen M Ioele-DeCristofaro · License #40IO0785776
(518) 281-4467
Source:
Exprealty
Added: Feb 28, 2025
Changed: Oct 23
Last Checked: Oct 24 at 10:08PM
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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,791
Cap Rate
7.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$395,820
$395.8K
Cap Rate 7%
$282,729
$282.7K
Cap Rate 9%
$219,900
$219.9K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$30.3K $9.48/SF
− Vacancy
−$2.1K −$0.64/SF
EGI
$28.3K $8.84/SF
− OpEx
−$8.5K −$2.65/SF
NOI
$19.8K $6.18/SF
Area
Fulton County, NY
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$395,820
Cap Rate 7%
$282,729
Cap Rate 9%
$219,900
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 authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
609
Businesses Nearby
7k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Sunoco
Shops & Services
2,743 visits/mo
0.4 miles
Citizens Bank
Shops & Services
2,520 visits/mo
0.2 miles
Main Motorcar Chrysler Dodge Jeep Ram
Shops & Services
1,453 visits/mo
0.3 miles
Liberty Tax
Shops & Services
608 visits/mo
0.1 miles
Demographics for 12095, NY
12,242
Population
5,808
Households
2.1
Avg Household Size
43
Median Age
25%
College-Educated
89%
High-School Grad
65.2 sq mi
ZIP Area
188
Density / Sq Mi
$69,864
Median Household Income
$45,103
Median Earnings
$860
Median Rent
$159,700
Median Home Value
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
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
