Multi-Building Restaurant and Bar
For Sale
$459,900
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$91.63
Days on Market139
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: Oct 16
Last Checked: Oct 20 at 10:55PM
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
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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 / Yr
$29,285
Cap Rate
6.37%
Suggested Prices Based on Cap Rates
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
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 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 10.99%
Second Best
Industrial
$418.4K
$366.1K – $488.1K
NOI $29,285 @ 7.0% cap · market cap 6.37%
Theoretical Best
Office A
$1.51M
$1.33M – $1.77M
NOI $106,001 @ 7.0% cap · market cap 23.05%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
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 $459,900.
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
