155 Johns St Johnstown, PA 15901
- Commercial real estate
- 0.36 lot acres
Current Use by Public Records
- Towne Manor Motel / Motel / Hotel
Property Details for 155 Johns St
- Year built
- 1959
- Lot size
- 0.36 lot acres
- Property type
- Commercial real estate
- APN
- 071 000174
- APU
- 71000174
Description
This exceptional investment opportunity presents a 55-unit, two-story motel ideally situated in Johnstown, PA, at 155 Johns Street. The property boasts a substantial 19,090 square feet of space, encompassing not only the numerous guest rooms but also a convenient lobby and dining area. This versatile layout makes it perfect for an owner-operator seeking hands-on involvement, or a live-in operator looking for a comfortable residence alongside their business. The 0.73-acre lot provides ample space for potential expansion or future development. Its prime location on major arterial roads offers excellent visibility and accessibility, placing it within easy reach of key amenities. The proximity to a hospital, various government buildings (both local and federal), and a minor league ballpark ensures a consistent stream of potential guests. This established business presents significant upside potential for a savvy investor looking to capitalize on its strong location and existing infrastructure. The asking price of $1,500,000 reflects the property's value and the inherent growth opportunities it offers. This is a rare chance to acquire a well-established motel with significant potential for increased profitability in a desirable location. Serious inquiries are encouraged.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Johnstown
- County
- Cambria
- State
- Pennsylvania
- Longitude
- -78.9248
- Latitude
- 40.3273
- CBSA code
- 27780
- CBSA name
- JOHNSTOWN, PA METROPOLITAN STATISTICAL AREA
