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    Property profile & analytics

    701 Main St Portage, PA 15946

    • Turn key restaurants
    • 0.15 lot acres
    For Sale
    View listing
    $249,900
    Value Estimation
    Location Intelligence
    Property ID
    US73-1951108
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Royal Ballroom / Caterer

    Property Details for 701 Main St

    Lot size
    0.15 lot acres
    Property type
    Turn key restaurants
    APN
    047 026809
    APU
    47026809

    Description

    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.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $260,000

    • CAP approach

      CAP return
      Estimation
      6%
      $200,000
      6.5%
      $200,000
      7%
      $235,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $215,000
      Geo Method
      $195,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $225,000
      Retail
      $165,000
      Mixed-Use
      $175,000
      Hospitality
      $175,000
      Educational
      $205,000
      Residential Income
      $175,000
      Energy
      $220,000
      Income-Based Land
      $175,000
      Food Service
      $205,000

    Location Insight

    • Map
    • Local Demand
    City
    Portage
    County
    Cambria
    State
    Pennsylvania
    Longitude
    -78.6726
    Latitude
    40.3865
    CBSA code
    27780
    CBSA name
    JOHNSTOWN, PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $3,255
    $6,200
    $25,940
    $32,140
    -
    $6,200
    $25,940
    $32,140

    Comparable in this City

    • Value Estimation by Request
      0.05 Acres

      719 Caldwell Ave

      RESTAURANT • 0.05 Acres
      719 Caldwell Ave, Portage, PA 15946-1507
      View Details
    • Value Estimation
      $75,000
      0.31 Acres

      911 Caldwell Ave

      RESTAURANT • 0.31 Acres
      911 Caldwell Ave, Portage, PA 15946-1550
      View Details
    • Value Estimation by Request

      601 Bedford St

      BAR, TAVERN
      601 Bedford St, Portage, PA 15946
      View Details
    • Value Estimation
      $190,000
      0.12 Acres

      401 Main St

      TAKE-OUT RESTAURANT • 0.12 Acres
      401 Main St, Portage, PA 15946-1307
      View Details
    • Value Estimation by Request

      1653 Puritan Rd

      BAR, TAVERN
      1653 Puritan Rd, Portage, PA 15946-8604
      View Details
    • Value Estimation by Request
      0.05 Acres

      812 Main St

      PARKING LOT • 0.05 Acres
      812 Main St, Portage, PA 15946-1717
      View Details

    Similar Nearby for Sale

    • $224,900
      5,000 SF

      Established Restaurant on Main Street

      Turn-key restaurant opportunity in Portage, PA with updated features.
      709 Main St, Portage, PA 15946
      View Details
    • $249,900
      5,000 SF

      Portage Restaurant - Turnkey Opportunity

      Established Restaurant, 5,000 SF, All Equipment Included
      709 Main St, Portage, PA 15946
      View Details
    • $249,900
      0.15 Acres

      Versatile Commercial Building in Portage

      Expansive commercial building with ballroom, kitchen, and apartment framing.
      701 Main St, Portage, PA 15946
      View Details
    • $249,900
      0.15 Acres

      Versatile Commercial Building in Portage

      15,500 sq ft building with ballroom and apartment potential.
      701 Main St, Portage, PA 15946
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    • $54,900
      0.24 Acres

      Corner Lot on Main Street

      0.24-acre corner lot on Main Street in Portage Borough.
      1017 Main St, Portage, PA 15946
      View Details
    • Contact for pricing
      0.07 Acres

      Residential Land in Portage, PA

      Flat residential lot to be sold with neighboring house.
      Caldwell Ave, Portage, PA 15946
      View Details
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    701 Main St
    Portage, PA 15946
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    Realmo Value Estimation

    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.

    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.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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