Turnkey Restaurant Opportunity in
2206 7th Avenue Altoona, PA 16602
2206 7th Avenue, Altoona, PA, 16602
$524,900
For Sale
$524,900
COMMERCIAL - Altoona, PA
Property Size3,420 SF
Lot Size0.55 Acres
Price / SF$153.48
Days on Market361
Property Features for 2206 7th Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Commercial
- Exterior features
- Private Entrance
- Standard status
- Active
- APN
- 01.06-07..-085, -0.86, -0.88, -0.89, -0.90
- Size
- 3,420 SF
- Lot size
- 0.55 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 2023-17073
- Tax Annual Amount
- 6530
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1972
- Building materials
- Brick
- Roof type
- Flat, Rubber
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: Jul 22, 2025 Checked: Jul 17 at 9:06 pm
MLS# 77958
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 is a fully renovated, turnkey restaurant located in the City of Altoona. The property includes a valuable liquor license, all furniture, and kitchen equipment. The building has been recently updated from top to bottom by the current owners, and features modernized interiors, upgraded mechanical systems, and refreshed exteriors. Situated on six parcels totaling approximately 0.55 acres, it offers ample parking and potential for future development. Inside, there is a spacious dining area with an ordering counter, a full bar with additional seating, three restrooms, and a large, fully equipped commercial kitchen. The property size is 3420 square feet. The zoning is commercial. This move-in-ready restaurant presents a rare opportunity for prospective owners.
Key Highlights
- Fully renovated restaurant includes liquor license, all furniture, and kitchen equipment
- Approx. 0.55‑acre site across six parcels with ample parking and potential for future development
- Interior layout includes spacious dining area with ordering counter, full bar, and large fully equipped commercial kitchen
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 | $51.3k | $15.00 |
| − Vacancy | −$5.4k | −$1.58 |
| EGI | $45.9k | $13.43 |
| − OpEx | −$11.5k | −$3.36 |
| NOI | $34.4k | $10.07 |
3,420 SF · lease $15.00/SF/yr · vacancy 10.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$491.9K
$430.4K – $573.9K
NOI $34,435 @ 7.0% cap · market cap 6.56%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$4.15M
$3.63M – $4.85M
NOI $290,776 @ 7.0% cap · market cap 55.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
33 on Mac Bar ...
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Fully renovated restaurant with liquor license and ample parking.
Where is this conventional restaurant located?
The property is located at 2206 7th Avenue Altoona, PA.
What is the asking price?
The asking price for this property is $524,900.
What are key features of this property?
This property features: Fully renovated restaurant includes liquor license, all furniture, and kitchen equipment; Approx. 0.55‑acre site across six parcels with ample parking and potential for future development; Interior layout includes spacious dining area with ordering counter, full bar, and large fully equipped commercial kitchen
