Corner Retail Restaurant
For Sale
$324,900
1000 2nd Street, Cresson, PA 16630
COMMERCIAL - Cresson, PA
Property Size2,400 SF
Lot Size0.19 Acres
Price / SF$135.38
Days on Market130
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
Amenities
on-site parking
Building Details
Building materials
Block, Brick
Roof type
Metal, Shingle
Listing Agency:
Howard Hanna Bardell Realty Altoona
(814) 313-4111
Listed By:
Hunter Ott · License #RS353898
(814) 254-8121
Added: Apr 10
Changed: Aug 4
Last Checked: Aug 17 at 4:06AM
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 commercial corner building was previously configured for a restaurant and beer distributor and features a functional, open interior layout that can be adapted for a variety of commercial uses. Recent updates include improved lighting, a newer furnace, ceiling tiles, and additional cosmetic improvements.
The property is positioned in Cresson, PA and is described as being in a high-traffic location with ample on-site parking for customers and employees. The surrounding area includes established businesses such as a laundromat, grocery store, liquor store, pharmacy, and Sheetz.
With its existing open layout and tenant-ready updates, the building offers flexibility for potential retail, service, or office uses consistent with the prior restaurant/beer distributor configuration.
The property is positioned in Cresson, PA and is described as being in a high-traffic location with ample on-site parking for customers and employees. The surrounding area includes established businesses such as a laundromat, grocery store, liquor store, pharmacy, and Sheetz.
With its existing open layout and tenant-ready updates, the building offers flexibility for potential retail, service, or office uses consistent with the prior restaurant/beer distributor configuration.
Key Highlights
- Commercial corner property in Cresson with block and brick construction
- Formerly configured for a restaurant and beer distributor with a functional open layout
- Central air; hot water heating with a newer furnace
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
$23,688
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
7.29%
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%
$473,760
$473.8K
Cap Rate 7%
$338,400
$338.4K
Cap Rate 9%
$263,200
$263.2K
Market Conditions
NOI Build-Up for 2,400 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
$36.0K $15.00/SF
− Vacancy
−$2.2K −$0.90/SF
EGI
$33.8K $14.10/SF
− OpEx
−$10.2K −$4.23/SF
NOI
$23.7K $9.87/SF
Area
Cambria County, PA
Vacancy
6.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
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%
$473,760
Cap Rate 7%
$338,400
Cap Rate 9%
$263,200
Alternative Uses
Best Use
Retail
$338.4K
$296.1K – $394.8K
NOI $23,688 @ 7.0% cap · market cap 7.29%
Second Best
—
—
no second resolved use
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
301
Businesses Nearby
36k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 41%
Groceries 36%
Shops & Services 23%
McDonald's
Dining
14,864 visits/mo
0.5 miles
Shop 'n Save
Groceries
10,626 visits/mo
0.3 miles
Dollar Tree
Shops & Services
4,502 visits/mo
0.1 miles
Sunoco
Shops & Services
3,822 visits/mo
0.3 miles
Fine Wine & Good Spirits
Groceries
2,622 visits/mo
0.3 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
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Commercial corner property previously configured for a restaurant and beer distributor, with recent interior and mechanical 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 $324,900.
What are key features of this property?
This property features: Commercial corner property in Cresson with block and brick construction; Formerly configured for a restaurant and beer distributor with a functional open layout; Central air; hot water heating with a newer furnace
