Corner Restaurant and Retail
For Sale
$299,900
1000 2nd St, Cresson, PA 16630
Corner property with an adaptable open layout, on-site parking, and recent updates including improved lighting and a newer furnace.
Property Size2,400 SF
Price / SF$124.96
Days on Market200
Property Features for 1000 2nd St
General Information
Standard status
Active
Size
2,400 SF
Taxes and HOA fees
Annual Taxes
$4,679
Listing Agency:
Howard Hanna Bardell Realty Altoona
(814) 313-4111
Listed By:
Hunter Ott · License #RS353898
(814) 254-8121
Source:
Exprealty
Added: Apr 10
Changed: Oct 25
Last Checked: Oct 24 at 10:54PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Howard Hanna Bardell Realty Altoona
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Investment Insights
Based on property information with market context.
This corner commercial building, currently sized at 2,400 SF, was previously configured for a restaurant and a beer distributor. The space offers a functional, open layout that can be adapted to a range of commercial uses. Recent improvements include improved lighting, a newer furnace, ceiling tiles, and additional cosmetic updates, supporting a straightforward refresh for a new operator.
The property is positioned among established nearby businesses, including a laundromat, grocery store, liquor store, pharmacy, and Sheetz, contributing to steady daily activity in the immediate area. On-site parking is available for customers and employees, supporting storefront and service-oriented operations.
The property is positioned among established nearby businesses, including a laundromat, grocery store, liquor store, pharmacy, and Sheetz, contributing to steady daily activity in the immediate area. On-site parking is available for customers and employees, supporting storefront and service-oriented operations.
Key Highlights
- Corner commercial property in Cresson with an adaptable, open layout formerly configured for a restaurant and beer distributor
- On‑site parking available for customers and employees
- Recent updates include improved lighting, newer furnace, and ceiling tiles plus additional cosmetic improvements
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,165
Cap Rate
8.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$483,300
$483.3K
Cap Rate 7%
$345,214
$345.2K
Cap Rate 9%
$268,500
$268.5K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$36.0K $15.00/SF
− Vacancy
−$3.8K −$1.58/SF
EGI
$32.2K $13.43/SF
− OpEx
−$8.1K −$3.36/SF
NOI
$24.2K $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 Rate 5%
$483,300
Cap Rate 7%
$345,214
Cap Rate 9%
$268,500
Alternative Uses
Best Use
Specialty Retail
$345.2K
$302.1K – $402.8K
NOI $24,165 @ 7.0% cap · market cap 8.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$724.1K
$633.6K – $844.8K
NOI $50,688 @ 7.0% cap · market cap 16.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
289
Businesses Nearby
48k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 41%
Dining 31%
Groceries 28%
McDonald's
Dining
14,864 visits/mo
0.2 miles
Dollar General
Shops & Services
11,335 visits/mo
0.3 miles
Shop 'n Save
Groceries
10,626 visits/mo
0.1 miles
Dollar Tree
Shops & Services
4,502 visits/mo
0.2 miles
Sunoco
Shops & Services
3,822 visits/mo
0.1 miles
Demographics for 16630, PA
4,679
Population
2,143
Households
2.2
Avg Household Size
41
Median Age
22%
College-Educated
93%
High-School Grad
5.7 sq mi
ZIP Area
821
Density / Sq Mi
$65,034
Median Household Income
$32,172
Median Earnings
$657
Median Rent
$139,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Corner property with an adaptable open layout, on-site parking, and recent updates including improved lighting and a newer furnace.
Where is this conventional restaurant located?
The property is located at 1000 2nd St Cresson, PA.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Corner commercial property in Cresson with an adaptable, open layout formerly configured for a restaurant and beer distributor; On‑site parking available for customers and employees; Recent updates include improved lighting, newer furnace, and ceiling tiles plus additional cosmetic improvements
