100 Main St Portage, PA 15946-1117
- Gas stations
- 0.32 lot acres
Current Use by Public Records
- Portage Service Center / Auto Repair Shop
- Gulf / Gas Station
Property Details for 100 Main St
- Year built
- 1956
- Lot size
- 0.32 lot acres
- Property type
- Gas stations
- APN
- 046 026164
- APU
- 46026164
Description
This exceptional investment opportunity presents a well-established gas station and garage located at 100 Main St, Portage, PA 15946. The 1,560 square foot property sits on a 0.31-acre corner lot, boasting high visibility from both Route 53 and Main Street. The single-story building includes a two-bay garage equipped with lifts, all inventory, two sets of gasoline pumps, a set of diesel pumps, and a leased propane tank fill. The current gas pump lease has expired, offering the new owner complete flexibility in choosing a fuel supplier. Included in the sale is a residential property situated on two of the three parcels comprising the site. While the house and its accompanying two-car detached garage require some attention, this presents a unique opportunity for an owner-operator or investor. All existing employees are willing to continue working under new ownership, ensuring a smooth transition. The asking price is $375,000, translating to $240.38 per square foot. This turnkey operation is ready for a new owner to step in and begin generating income immediately. The property is zoned commercial and offers significant potential for continued growth and profitability. Don't miss this chance to acquire a thriving business with a strong history and excellent location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $255,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $275,000
- 6.5%
- $295,000
- 7%
- $320,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $330,000
- Geo Method
- $335,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $320,000
- Retail
- $280,000
- Mixed-Use
- $265,000
- Hospitality
- $260,000
- Educational
- $245,000
- Residential Income
- $290,000
- Energy
- $280,000
- Income-Based Land
- $275,000
- Food Service
- $295,000
Location Insight
- Map
- Local Demand
- City
- Portage
- County
- Cambria
- State
- Pennsylvania
- Longitude
- -78.6716
- Latitude
- 40.394
- CBSA code
- 27780
- CBSA name
- JOHNSTOWN, PA METROPOLITAN STATISTICAL AREA