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Property profile & analytics
OFF-MARKET Estimated value $265,000
Office buildings

508-512 Main St Johnstown, PA 15901

0.09 ac lot
Entity Owned Absentee Owner Free & Clear
Property ID
US73-1551459
Property summary
AI-generated overview

This exceptional commercial property, located at 508-512 Main Street in Johnstown, Pennsylvania, presents a unique investment opportunity. The three-story building is situated in a desirable location, offering immediate access to Central Park. The ground floor features two commercial or retail spaces, each equipped with central air conditioning. These spaces are ready for immediate occupancy by a variety of businesses. The second and third floors currently offer significant potential for redevelopment. These upper levels could be converted into residential apartments, additional commercial space, or a combination of both, subject to necessary permits and approvals. A large basement provides ample storage space. The property is being sold "as is," and is zoned C3. The asking price for this versatile property is $99,000. With its prime location, flexible zoning, and substantial space, this building offers a compelling opportunity for investors seeking a high-return property in a vibrant urban setting. The property's address is 508-512 Main Street, Johnstown, PA 15901.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Lot 0.09 ac (4,000 SF)
APN 074 000512
UPID US73-1551459
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • The Honeypot Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$265k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$265k
Owner & transaction history
JSK GROUP LLC
JSK GROUP LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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