Corner Retail
For Sale
$299,900
1000 2nd Street, Cresson, PA 16630
Commercial Sale, Cresson, PA
Property Size2,400 SF
Lot Size0.19 Acres
Price / SF$124.96
Days on Market181
Property Features for 1000 2nd Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
Commercial
Parking features
Off Street
Lot features
Level, Level
Elementary school district
Penn Cambria
Middle school district
Penn Cambria
High school district
Penn Cambria
Subdivision
Cresson Borough
Standard status
Active
APN
15-011. -120.001
Size
2,400 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
2025-7284
Tax Annual Amount
4679
Legal Description
2025-7284
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Hot Water(Heating)
Cooling system
Central Air
Water source
Public
Building Details
Building materials
Block, Brick
Roof type
Shingle, Metal
Listing Agency:
Howard Hanna Bardell Realty Altoona
(814) 313-4111
Listed By:
Hunter Ott · License #RS353898
(814) 254-8121
Added: Apr 10
Changed: Sep 14
Last Checked: Oct 7 at 5:06AM
MLS# 79825
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 2,400-square-foot retail building occupies a 0.19-acre corner parcel in Cresson and is zoned Commercial. The interior has an open layout and was previously configured for restaurant and beer distributor operations. Recent work includes improved lighting, newer ceiling tiles, cosmetic enhancements, and a newer furnace. The building also offers central air, hot-water heating, natural gas service, and a combination block-and-brick exterior with metal and shingle roofing.
Off-street parking is available on site, while public water and public sewer serve the property. The surrounding commercial setting includes a laundromat, grocery store, liquor store, pharmacy, and Sheetz, providing established retail and service uses nearby.
Off-street parking is available on site, while public water and public sewer serve the property. The surrounding commercial setting includes a laundromat, grocery store, liquor store, pharmacy, and Sheetz, providing established retail and service uses nearby.
Key Highlights
- 2,400‑square‑foot retail building on a 0.19‑acre parcel
- Commercial zoning with an open interior layout
- Previously configured for restaurant and beer distributor operations
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
Retail
$338.4K
$296.1K – $394.8K
NOI $23,688 @ 7.0% cap · market cap 7.90%
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.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
289
Businesses Nearby
48k
Monthly Visits Nearby
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Flexible commercial space with open interiors, off-street parking, and recent building updates.
Where is this retail space located?
The property is located at 1000 2nd Street 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: 2,400‑square‑foot retail building on a 0.19‑acre parcel; Commercial zoning with an open interior layout; Previously configured for restaurant and beer distributor operations
