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    1318 Us-22 Hollidaysburg, PA 16648

    View on Map
    Sponsored
    For Sale
    $175,000

    COMMERCIAL - Hollidaysburg, PA

    Property size:
    2,790 SF
    Lot size:
    0.29 Acres
    Days on Market:
    164
    Last Refresh:
    Mar 19 at 10:06 pm

    Property Features for 1318 Us-22

    General Information

    Special listing conditions
    Standard
    Property type
    Commercial Sale
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Rooms
    Basement
    APN
    08.00-22..-035.00-000
    Basement
    Full, Partially Finished
    Size
    2,790 SF
    Lot size
    0.29 Acres

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Hot Water(Heating), Oil
    Water source
    Well

    Building Details

    Year built
    1921
    Building materials
    Stone, Brick
    Roof type
    Metal

    We can help!

    Listing Contact
    Adam Conrad Team

    Perry Wellington Realty, LLC (814) 695-5323

    Listing agent Adam Conrad Team (814) 693-5669

    Listing date Oct 7, 2025

    MLS# 78649

    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.

    Learn more

    Property Insight Report

    Overview

    Hollidaysburg Commercial Property on Route 22

    Located along the high-visibility Route 22 corridor in Frankstown Township, Blair County, this commercial property offers a unique opportunity. Constructed around 1921, the 1,395-square-foot brick and mountain stone building is situated on approximately 0.29 acres. The property is zoned M-F (Manufacturing-Farming District) within the Hollidaysburg Area School District, presenting a range of potential uses. The building features double raised-panel wood doors leading to a foyer with two stained glass windows. The main sanctuary includes oak floors, carpet runners, 20 wood pews, two ceiling fans, and eight cathedral-shaped stained glass windows. The raised pulpit area contains a communion rail, pulpit furniture, and a Hamilton piano. Stairs from the pulpit lead to the finished lower level, which also has an exterior entrance and a handicap-accessible ramp. The lower level includes two newly constructed ADA-compliant restrooms, a new drywall ceiling, a furnace room with a 275-gallon oil tank, nine windows, and an exterior door to the paved parking lot. The property is served by a new well and a 2,000-gallon holding tank. Systems include a 100-amp breaker panel and a Luxaire oil forced hot air furnace. Exterior improvements include a new metal channel-drain roof, vent ridge, spouting, snow guards, and a bell tower, along with concrete steps with vinyl handrails, a vinyl signpost, and security lighting. Direct driveway access is available from US Route 22. Located minutes from Historic Hollidaysburg, Canoe Creek State Park (958 acres), the Frankstown Branch of the Juniata River, and State Game Lands #147 (9,254 acres), this property is suitable for a small business, studio, workshop, community use, or adaptive reuse project.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Churches & religious facilities

    Map

    City
    Hollidaysburg
    County
    Blair
    State
    Pennsylvania
    Longitude
    -78.277438
    Latitude
    40.474791

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    FAQs

    What type of property is this?
    Church & religious facility - Unique commercial property with historical character and modern updates.
    Where is this church & religious facility located?
    The property is located at 1318 Us-22 Hollidaysburg, PA.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: - High-visibility location on Route 22 in Frankstown Township offers excellent exposure.; - Versatile M-F zoning allows for business, studio, workshop, community use, or adaptive reuse.; - Newly constructed ADA-compliant restrooms and handicap-accessible ramp provide accessibility.
    (814) 693-5669
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    1318 Us-22 Hollidaysburg, PA 16648
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    Listing Contact
    Adam Conrad Team
    (814) 693-5669
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