Historic Mixed-Use Redevelopment
1318 RTE 22 Hollidaysburg, PA 16648
1318 RTE 22, Hollidaysburg, PA, 16648
Contact for pricing
Unique property suited for commercial, community, or specialty uses.
Property Size1,395 SF
Lot Size0.29 Acres
Price / SF$118.28
AddedMay 13
Days on Market64
Last RefreshJun 28 at 7:11 pm
Property Features for 1318 RTE 22
General Information
- Standard status
- Active
- Size
- 1,395 SF
- Lot size
- 0.29 Acres
- Property subtype
- Special Purpose, Retail, Office
Listing office Perry Wellington Realty
Listing date May 13, 2026
Source Crexi
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 Perry Wellington Realty
Investment Insights
Based on property information with market context.
This adaptive reuse and mixed-use property is located along US Route 22 in Frankstown Township, Blair County. Constructed around 1921, the historic brick and mountain stone building offers a blend of craftsmanship and modern infrastructure. Situated on approximately 0.29 acres, the property contains approximately 2,790 square feet, including a partially finished lower level with exterior access. The main level features a foyer with stained glass accents leading into a sanctuary showcasing oak floors, cathedral-style stained glass windows, wood pew seating, and a raised pulpit area. The lower level offers functional space with newly constructed ADA-compliant restrooms, an updated drywall ceiling, a furnace room, an exterior entrance, and handicap-accessible ramp access from the paved parking lot. Recent improvements include a new metal roof system with vent ridge, spouting, snow guards, an updated bell tower, a new well, and a 2,000-gallon holding tank. Utilities include electric service and oil forced-air heat. Paved access is available directly from Route 22. The property is located minutes from Historic Hollidaysburg, Canoe Creek State Park, the Frankstown Branch of the Juniata River, and State Game Lands #147. The property is suited for a variety of commercial, community, office, studio, or specialty uses and offers flexibility for an owner-user, investor, nonprofit, studio operator, or creative redevelopment project.
Key Highlights
- High visibility location on US Route 22, ideal for commercial or community use.
- Unique historic building (circa 1921) with original architectural details including stained glass, oak floors, and wood pew seating.
- Recent updates including a new metal roof, well, and ADA‑compliant restrooms.
Local Financial Insights For Mixed Use
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 | $25.1k | $18.00 |
| − Vacancy | −$2.0k | −$1.44 |
| EGI | $23.1k | $16.56 |
| − OpEx | −$8.7k | −$6.21 |
| NOI | $14.4k | $10.35 |
1,395 SF · lease $18.00/SF/yr · vacancy 8.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$206.3K
$180.5K – $240.6K
NOI $14,438 @ 7.0% cap · market cap 8.75%
Second Best
Office B
$201.9K
$176.7K – $235.5K
NOI $14,132 @ 7.0% cap · market cap 8.56%
Theoretical Best
Warehouse
$1.69M
$1.48M – $1.98M
NOI $118,606 @ 7.0% cap · market cap 71.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Unique property suited for commercial, community, or specialty uses.
Where is this mixed-use property located?
The property is located at 1318 RTE 22 Hollidaysburg, PA.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: High visibility location on US Route 22, ideal for commercial or community use.; Unique historic building (circa 1921) with original architectural details including stained glass, oak floors, and wood pew seating.; Recent updates including a new metal roof, well, and ADA‑compliant restrooms.
