701 Main St Portage, PA 15946

0.15 ac lot

Individually Owned Absentee Owner Free & Clear

Property ID

US73-1951108

$219,900

701 Main St, Portage, PA 15946
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Exceptional investment opportunity in Portage, PA! This 5,500 square foot, two-story building, situated on a 6,600 square foot lot at 701 Main St, is zoned commercial and offers a unique blend of established business and high-potential rental income. Currently operating as a successful catering hall and rental space, the property includes a fully equipped, stainless steel industrial kitchen, ready for immediate restaurant use or continued operation as is. All existing tables, chairs, decorations, buffet, and dishes are included in the sale. The expansive 5,000 square feet of ground floor commercial space presents endless possibilities. Upstairs, five one-bedroom apartments offer significant rental income potential, currently needing finishing. Each apartment could command $500-$550 monthly rent. The building boasts a newer roof, city water and sewer, natural gas heat, and central air conditioning. Built in 1930, this well-maintained property is priced at $299,000 ($54.36/sq ft). Any existing contracts will transfer with the sale. The seller is open to selling the building with or without the kitchen equipment. This is a rare chance to acquire a turnkey restaurant with substantial upside in a desirable location. Don't miss this chance to own a piece of Portage's history and future.