Freestanding Brick Bank
For Sale
$474,900
176 Lovell Avenue, Ebensburg, PA 15931
Commercial Sale, Ebensburg, PA
Property Size2,086 SF
Lot Size0.73 Acres
Price / SF$227.66
Days on Market1029
Property Features for 176 Lovell Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Exterior features
Lighting, Private Yard
Lot features
Cleared, Level, Cleared, Level
Elementary school district
Central Cambria
Middle school district
Central Cambria
High school district
Central Cambria
Subdivision
Ebensburg Borough
Standard status
Active
APN
26-023. -203.000
Size
2,086 SF
Lot size
0.73 Acres
Taxes and HOA fees
Tax Year
2023
Tax Description
2022-4699
Tax Annual Amount
5089
Legal Description
2022-4699
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1992
Building materials
Brick
Roof type
Shingle
Listing Agency:
Howard Hanna Bardell Realty Altoona
(814) 313-4111
Listed By:
Hunter Ott · License #RS353898
(814) 254-8121
Added: Nov 10, 2023
Changed: Aug 19
Last Checked: Sep 4 at 12:06AM
MLS# 73490
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 2,086-square-foot former bank occupies a 0.73-acre site in Ebensburg. The freestanding building was constructed in 1992 with brick exterior walls, a shingle roof, central air, forced-air heating, and natural gas service. A full drive-through system remains in place, while the private yard provides additional exterior space.
The property is positioned among law offices, medical space, townhouses, gas stations, and other businesses. Walmart, Sheetz, McDonald's, Starbucks, Tractor Supply, Big Lots, and Giant Eagle are approximately two minutes away. Public water and public sewer serve the site.
The property is positioned among law offices, medical space, townhouses, gas stations, and other businesses. Walmart, Sheetz, McDonald's, Starbucks, Tractor Supply, Big Lots, and Giant Eagle are approximately two minutes away. Public water and public sewer serve the site.
Key Highlights
- 2,086‑square‑foot former bank on 0.73 acres
- Full drive‑through system
- Brick construction with shingle roof
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,003
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$420,060
$420.1K
Cap Rate 7%
$300,043
$300.0K
Cap Rate 9%
$233,367
$233.4K
Market Conditions
NOI Build-Up for 2,086 SF
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.
Gross rent
$31.3K $15.00/SF
− Vacancy
−$3.3K −$1.58/SF
EGI
$28.0K $13.43/SF
− OpEx
−$7.0K −$3.36/SF
NOI
$21.0K $10.07/SF
Area
Cambria County, PA
Vacancy
10.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$420,060
Cap Rate 7%
$300,043
Cap Rate 9%
$233,367
Alternative Uses
Best Use
Specialty Retail
$300.0K
$262.5K – $350.1K
NOI $21,003 @ 7.0% cap · market cap 4.42%
Second Best
Retail
$294.1K
$257.4K – $343.2K
NOI $20,589 @ 7.0% cap · market cap 4.34%
Theoretical Best
Office A
$629.4K
$550.7K – $734.3K
NOI $44,056 @ 7.0% cap · market cap 9.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
523
Businesses Nearby
51k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 74%
Dining 17%
Home Improvements & Furnishings 9%
Sheetz
Shops & Services
32,574 visits/mo
0.2 miles
Ace Hardware
Home Improvements & Furnishings
4,689 visits/mo
0.1 miles
First Commonwealth Bank
Shops & Services
4,344 visits/mo
0.3 miles
Pizza Hut
Dining
3,556 visits/mo
0.1 miles
SUBWAY
Dining
3,511 visits/mo
0.1 miles
Demographics for 15931, PA
9,158
Population
4,214
Households
2.2
Avg Household Size
47
Median Age
29%
College-Educated
92%
High-School Grad
81.4 sq mi
ZIP Area
113
Density / Sq Mi
$62,772
Median Household Income
$40,847
Median Earnings
$857
Median Rent
$176,400
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Bank - Former banking facility with a full drive-through system, private yard, and public utility connections.
Where is this bank located?
The property is located at 176 Lovell Avenue Ebensburg, PA.
What is the asking price?
The asking price for this property is $474,900.
What are key features of this property?
This property features: 2,086‑square‑foot former bank on 0.73 acres; Full drive‑through system; Brick construction with shingle roof
