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    Restaurant Complex with Courtyard Title is generated by Realmo AI

    409 411 & 413 Main Street, Johnstown, PA 15901

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    For Sale
    $499,900

    COMMERCIAL - Johnstown, PA

    Property size:
    5,019 SF
    Lot size:
    0.17 Acres
    Price / SF:
    $99/SF
    Added:
    Jun 5, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 5 at 11:06 pm

    Property Features for 409 411 & 413 Main Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commercial
    Standard status
    Active
    APN
    See Agent Comments
    Lot size
    0.17 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Description
    2021-5132; 2019-9799; 2021-5131
    Tax Annual Amount
    11454

    Building Details

    Floors in Building
    3

    We can help!

    Listing Contact
    Bob & Bobby Colvin

    Listing agent Bob & Bobby Colvin

    Listing office RE/MAX TEAM, REALTORS 2225 Ruth Way @ The Roundabout in the Young American Building, Johnstown, PA

    Listing date Jun 5, 2026

    MLS# 96041774

    Copyright © 2026 Cambria Somerset Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Highly visible center‑city property with 2 commercial buildings plus an adjoining lot most recently used as restaurant/bar and outdoor courtyard/dining space
    • 409 Main Street includes a concrete patio courtyard with decorative fencing along the front of the property
    • Rear portion of the 409 Main Street lot includes a caterer's garage with elevator for the 411 Main Street structure
    • 411 Main Street is a 3‑story brick building with approx. 2,720 SF finished on the 1st floor for hostess station, restrooms, business office, and commercial kitchen
    • Unfinished 2nd and 3rd stories at 411 Main Street offer room to expand
    • 413 Main Street is a 2‑story brick building with approx. 2,299 SF on the main floor, including bar area and dining space; 2nd floor is unfinished

    Overview

    The offering includes 409, 411, and 413 Main Street, comprising two commercial buildings plus an adjoining lot most recently used for restaurant/bar and outdoor courtyard/dining. 409 Main Street is 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 serving the 411 Main Street structure.

    411 Main Street is a three-story brick building with approximately 2,720 SF of finished space on the first floor. That level has most recently been used as a hostess station, restrooms, a business office, and a commercial kitchen for courtyard operations. The building’s 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, featuring a bar area and dining space. The second floor is unfinished. Zoned for commercial use, the property is well suited for restaurant and bar operators seeking an outdoor courtyard setup, as well as for buyers who want room to adapt the unfinished upper floors for additional guest space, back-of-house, or other complementary concepts.
    Property Profile Location Intelligence

    Current Use by Public Records

    Conventional restaurants

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy Big Box & Wholesale Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Johnstown
    County
    Cambria
    State
    Pennsylvania
    Longitude
    -78.9193582
    Latitude
    40.3260201

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    FAQs

    What type of property is this?
    Conventional restaurant - Multi-building restaurant/bar property with an outdoor patio courtyard and commercial kitchen ready for hospitality use.
    Where is this conventional restaurant located?
    The property is located at 409 411 & 413 Main Street Johnstown, PA.
    What is the asking price?
    The asking price for this property is $499,900.
    What are key features of this property?
    This property features: Highly visible center‑city property with 2 commercial buildings plus an adjoining lot most recently used as restaurant/bar and outdoor courtyard/dining space; 409 Main Street includes a concrete patio courtyard with decorative fencing along the front of the property; Rear portion of the 409 Main Street lot includes a caterer's garage with elevator for the 411 Main Street structure
    (814) 262-7653
    We can help!
    Listing Contact
    Bob & Bobby Colvin
    Request Owner's contact information
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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.

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