Corner Retail Restaurant
1000 2nd Street Cresson, PA 16630
1000 2nd Street, Cresson, PA, 16630
$324,900
For Sale
$324,900
COMMERCIAL - Cresson, PA
Property Size2,400 SF
Lot Size0.19 Acres
Price / SF$135.38
Days on Market99
Property Features for 1000 2nd Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Zoning
- Commercial
- Parking features
- Off Street
- Standard status
- Active
- APN
- 15-011. -120.001
- Size
- 2,400 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Description
- 2025-7284
- Tax Annual Amount
- 4679
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Hot Water(Heating)
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Building materials
- Block, Brick
- Roof type
- Shingle, Metal
Listing Agency
Howard Hanna Bardell Realty Altoona
(814) 313-4111
300 Orchard Ave, Bedford, PA
Listed by
Hunter Ott · License #RS353898
(814) 254-8121
Added: Apr 10 Checked: Jul 17 at 9:06 pm
MLS# 79825
Copyright © 2026 Allegheny Highland Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial corner building was previously configured for a restaurant and beer distributor and features a functional, open interior layout that can be adapted for a variety of commercial uses. Recent updates include improved lighting, a newer furnace, ceiling tiles, and additional cosmetic improvements.
The property is positioned in Cresson, PA and is described as being in a high-traffic location with ample on-site parking for customers and employees. The surrounding area includes established businesses such as a laundromat, grocery store, liquor store, pharmacy, and Sheetz.
With its existing open layout and tenant-ready updates, the building offers flexibility for potential retail, service, or office uses consistent with the prior restaurant/beer distributor configuration.
The property is positioned in Cresson, PA and is described as being in a high-traffic location with ample on-site parking for customers and employees. The surrounding area includes established businesses such as a laundromat, grocery store, liquor store, pharmacy, and Sheetz.
With its existing open layout and tenant-ready updates, the building offers flexibility for potential retail, service, or office uses consistent with the prior restaurant/beer distributor configuration.
Key Highlights
- Commercial corner property in Cresson with block and brick construction
- Formerly configured for a restaurant and beer distributor with a functional open layout
- Central air; hot water heating with a newer furnace
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.0k | $15.00 |
| − Vacancy | −$3.8k | −$1.58 |
| EGI | $32.2k | $13.43 |
| − OpEx | −$8.1k | −$3.36 |
| NOI | $24.2k | $10.07 |
2,400 SF · lease $15.00/SF/yr · vacancy 10.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$345.2K
$302.1K – $402.8K
NOI $24,165 @ 7.0% cap · market cap 7.44%
Second Best
Retail
$338.4K
$296.1K – $394.8K
NOI $23,688 @ 7.0% cap · market cap 7.29%
Theoretical Best
Office A
$724.1K
$633.6K – $844.8K
NOI $50,688 @ 7.0% cap · market cap 15.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Peri's Pizza
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Commercial corner property previously configured for a restaurant and beer distributor, with recent interior and mechanical updates.
Where is this retail space located?
The property is located at 1000 2nd Street Cresson, PA.
What is the asking price?
The asking price for this property is $324,900.
What are key features of this property?
This property features: Commercial corner property in Cresson with block and brick construction; Formerly configured for a restaurant and beer distributor with a functional open layout; Central air; hot water heating with a newer furnace
