709 Main St Portage, PA 15946
- Retail properties
- 0.13 lot acres
Current Use by Public Records
- Retail properties
Property Details for 709 Main St
- Lot size
- 0.13 lot acres
- Property type
- Retail properties
- APN
- 047 027142
- APU
- 47027142
Description
This exceptional turnkey restaurant opportunity in Portage, Pennsylvania, is priced at $249,900. Located at 709 Main St, this 5,000 square foot, single-story building sits on a 5,850 square foot lot. Built in 1930, the property is zoned commercial and features a fully equipped, updated stainless steel kitchen, including a walk-in cooler and freezer. New flooring and renovated restrooms enhance the space. The current Italian restaurant is operational and includes all assets in the sale price. The layout offers a bar area, ample seating for dine-in customers, and a designated buffet zone. Additional space is available for hall rentals and catering services, presenting diverse revenue streams. This owner-user investment is immediately available, offering a seamless transition for a new owner. The property's prime location on Main Street in Portage, Cambria County, PA 15946 (40.3686632, -78.6455475) ensures high visibility and accessibility. This is a rare chance to acquire an established, profitable business with all equipment and fixtures included, ready for immediate operation. The asking price of $49.98 per square foot reflects the value and potential of this unique opportunity.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $255,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $220,000
- 6.5%
- $225,000
- 7%
- $250,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $255,000
- Geo Method
- $240,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $200,000
- Retail
- $235,000
- Mixed-Use
- $225,000
- Hospitality
- $260,000
- Educational
- $250,000
- Residential Income
- $260,000
- Energy
- $265,000
- Income-Based Land
- $265,000
- Food Service
- $265,000
Location Insight
- Map
- Local Demand
- City
- Portage
- County
- Cambria
- State
- Pennsylvania
- Longitude
- -78.6726
- Latitude
- 40.3863
- CBSA code
- 27780
- CBSA name
- JOHNSTOWN, PA METROPOLITAN STATISTICAL AREA