Multi-Building Restaurant and Bar
For Sale
$469,900
409 411 & 413 Main St, Johnstown, PA 15901
Three connected Main Street buildings include restaurant and bar spaces, plus an outdoor courtyard dining area.
Property Size5,019 SF
Price / SF$93.62
Days on Market94
Property Features for 409 411 & 413 Main St
General Information
Standard status
Active
Size
5,019 SF
Taxes and HOA fees
Annual Taxes
$11,454
Amenities
courtyard
outdoor dining space
elevator
caterer's garage
Building Details
Construction
brick
Listing Agency:
RE/MAX TEAM, REALTORS
Listed By:
Bob & Bobby Colvin
(814) 262-7653
Source:
Exprealty
Added: Jun 5
Changed: Sep 2
Last Checked: Sep 5 at 9:26AM
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 RE/MAX TEAM, REALTORS
Investment Insights
Based on property information with market context.
This for-sale property includes multiple commercial buildings and an adjoining lot that were most recently used as a restaurant/bar and outdoor courtyard/dining space. 409 Main Street is described as a concrete patio courtyard with decorative fencing along the front of the property. The rear portion of the lot includes a caterer’s garage complete with an elevator that services the 411 Main Street structure.
411 Main Street is a three-story brick building with an approximately 2,720 SF finished first-floor area. The first floor has been used as a hostess station, restrooms, business office, and a commercial kitchen serving the courtyard. The second and third stories are unfinished and could be expanded.
413 Main Street is an adjoining two-story brick building with approximately 2,299 SF on the main floor, including bar area and dining space. The second floor is unfinished.
The property is presented as a highly visible center-city location.
411 Main Street is a three-story brick building with an approximately 2,720 SF finished first-floor area. The first floor has been used as a hostess station, restrooms, business office, and a commercial kitchen serving the courtyard. The second and third stories are unfinished and could be expanded.
413 Main Street is an adjoining two-story brick building with approximately 2,299 SF on the main floor, including bar area and dining space. The second floor is unfinished.
The property is presented as a highly visible center-city location.
Key Highlights
- Highly visible center‑city Main Street property with three connected buildings: 409, 411, and 413 Main Street
- 409 Main Street features a concrete patio courtyard with decorative fencing along the front
- 411 Main Street has an approximate 2,720 SF finished 1st floor with hostess station, restrooms, business office, and commercial kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,285
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.23%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$585,700
$585.7K
Cap Rate 7%
$418,357
$418.4K
Cap Rate 9%
$325,389
$325.4K
Market Conditions
NOI Build-Up for 5,019 SF
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.
Gross rent
$44.3K $8.83/SF
− Vacancy
−$2.5K −$0.49/SF
EGI
$41.8K $8.34/SF
− OpEx
−$12.6K −$2.50/SF
NOI
$29.3K $5.83/SF
Area
Cambria County, PA
Vacancy
5.60%
Lease Rate
$8.83 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$585,700
Cap Rate 7%
$418,357
Cap Rate 9%
$325,389
Alternative Uses
Best Use
Specialty Retail
$721.9K
$631.7K – $842.3K
NOI $50,535 @ 7.0% cap · market cap 10.75%
Second Best
Industrial
$418.4K
$366.1K – $488.1K
NOI $29,285 @ 7.0% cap · market cap 6.23%
Theoretical Best
Office A
$1.51M
$1.33M – $1.77M
NOI $106,001 @ 7.0% cap · market cap 22.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
83
Businesses Nearby
6k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 91%
Dining 9%
Dollar General
Shops & Services
5,677 visits/mo
0.3 miles
Fox's Pizza Den
Dining
577 visits/mo
0.2 miles
Demographics for 15901, PA
3,379
Population
2,629
Households
1.3
Avg Household Size
50
Median Age
12%
College-Educated
88%
High-School Grad
1.5 sq mi
ZIP Area
2,253
Density / Sq Mi
$27,946
Median Household Income
$27,258
Median Earnings
$476
Median Rent
$19,200
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial kitchen - Three connected Main Street buildings include restaurant and bar spaces, plus an outdoor courtyard dining area.
Where is this commercial kitchen located?
The property is located at 409 411 & 413 Main St Johnstown, PA.
What is the asking price?
The asking price for this property is $469,900.
What are key features of this property?
This property features: Highly visible center‑city Main Street property with three connected buildings: 409, 411, and 413 Main Street; 409 Main Street features a concrete patio courtyard with decorative fencing along the front; 411 Main Street has an approximate 2,720 SF finished 1st floor with hostess station, restrooms, business office, and commercial kitchen
