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    Zen Leaf Dispensary Investment Opportunity
    Updated: Oct 30, 2024
    Zen Leaf Dispensary Investment Opportunity

    590 W Plank Rd, Altoona, PA 16602

    $2,653,000
    10,606 sqft
    Corporate‑guaranteed lease with 7 years remaining, providing stable income.
    Enjoy 2% annual rent increases, ensuring growing returns.
    Tenant is Zen Leaf, backed by Verano Holdings Corp, a top 5 MSO in the rapidly growing U.S. cannabis industry.
    Four options to extend the lease, offering long‑term investment potential.
    Limited landlord responsibilities, creating a passive investment opportunity.
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    This listing looks promising.

    Here's a quick look at some key insights for

    590 W Plank Rd, Altoona, PA 16602

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    • Est. Cap Rate

      4%
      NOI ÷ price

    • Est. NOI

      $107K
      Annual

    • Price @ 7% Cap

      $1.53M
      Suggested
    View Property Analytics
    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Altoona, PA, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Former Rite Aid For Sale
    Former Rite Aid For Sale

    843 Rostraver Rd, Belle Vernon, PA 15012

    $3,900,000
    10,908 sqft

    Former Rite Aid with drive-thru, pylon signage, and ample parking.

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    CVS Pharmacy with Health HUB
    CVS Pharmacy with Health HUB

    2501 Warren Rd, Indiana, PA

    $4,424,519
    11,945 sqft 1.70 AC lot

    CVS Pharmacy with Health HUB and Minute Clinic.

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    Medical Office Condo with Kitchen
    Medical Office Condo with Kitchen

    104-11236 Robinwood Dr, Hagerstown, MD 21742

    $385,000
    1,379 sqft

    Commercial condo featuring an open layout plus private office, kitchen, and restroom along a medical corridor.

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    Adaptable Retail Building in Pittsburgh
    Adaptable Retail Building in Pittsburgh

    1804 Golden Mile Hwy, Pittsburgh, PA 15239

    Contact for pricing
    10,908 sqft

    Single-tenant retail building with drive-thru and ample parking.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Prime Commercial Lot in Perryville
    Prime Commercial Lot in Perryville

    1105 PERRYVILLE Road, Perryville, MD 21903

    $489,900
    1.10 AC lot

    High-exposure commercial lot with frontage on Perryville Road and Aiken Avenue.

    View details
    Cleared Lot in Garrettsville Village
    Cleared Lot in Garrettsville Village

    10937 Fox Den Circle, Garrettsville, OH 44231

    $59,000
    0.25 AC lot

    Ready-to-build 0.25 acre lot with utilities in Garrettsville, OH.

    View details
    Rochester Development Site on Corner
    Rochester Development Site on Corner

    2032 Lyell Avenue, Rochester, NY 14606

    $399,999
    1,350 sqft 0.13 AC lot

    High-visibility corner lot suitable for various commercial uses.

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    16 Acre Commercial Land Parcel
    16 Acre Commercial Land Parcel

    2621 ROUTE 9, Malta, NY 12020

    $1,170,000
    16.00 AC lot

    16-acre commercial land with development potential in Malta, NY.

    View details

    Altoona, PA Drug Stores Market Trends and Statistics

    Explore 1 drug stores for sale in Altoona, PA on our real estate platform. These investment opportunities span a total of 10,606 square feet of properties for sale, with an estimated market value of $2,653,000.

    Sale prices for pharmacies in Altoona, PA start at $2,653,000, averaging $2,653,000, and reaching up to $2,653,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Shopping centers 6
    Storefront properties 4
    Automotive properties 1
    Car washes 1
    Drug stores 1

    Demographics Overview

    Population 60K
    Population Growth (5Y) -1.4%
    Median Household Income $54,428
    College Educated 19.1%

    High-Yield Neighborhoods for Investment

    Identify Altoona submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    16602 $2.7M

    Taxes & Financing

    Tax Rate (average for all types) 1.58%
    Property Tax per SF $31.53 per SF
    Tax Rate vs County Average 0.01 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Blair County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Blair County

    Retail

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