Corner Restaurant and Retail
1000 2nd St Cresson, PA 16630
1000 2nd St, Cresson, PA, 16630
$324,900
For Sale
$324,900
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$135.38
Days on Market104
Property Features for 1000 2nd St
General Information
- Standard status
- Active
- Size
- 2,400 SF
Listing agency
HOWARD HANNA BARDELL REALTY ALTOONA
(814) 254-8121
Listed by
Hunter Ott · License #RS353898
(814) 254-8121
Source
Exprealty
Added: Apr 10 Updated: Jul 22 at 4:09AM Checked: Jul 22 at 4:09AM
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
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
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
Location Intelligence
Current Use by Public Records
Peri's Pizza
Restaurant
Similar For Sale Nearby
FAQs
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 $324,900.
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
