Building Details

Building Size 4,000 SF

Year Built 1960

Listing Agency: Perry Wellington Realty, LLC i***@perrywellingtonrealty.com Show Phone

Listed By: Brian Wilt · License #RS319711 Show Phone

Source: 814homes

Added: May 27 Changed: Nov 1 Last Checked: Nov 6 at 2:04AM

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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, LLC

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Investment Insights

Based on property information with market context.

This 4,000-square-foot restaurant was built in 1960 and includes a patio, parking, and kitchen and dining equipment included in the sale. The established food-service business has operated under family ownership for more than 20 years. Its menu spans breakfast, lunch, and dinner, with handmade pizza, including 30-inch pies, cheesesteaks, and ice cream treats.

The property is just off I-99, with State College and Altoona both within reach. Commercial zoning is identified for the site.

Key Highlights

• 4,000‑square‑foot restaurant built in 1960
• Restaurant business operated by the same family for more than 20 years
• Kitchen and dining equipment included in the sale

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$40,275

Cap Rate

6.20%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$805,500 $805.5K

Cap Rate 7%

$575,357 $575.4K

Cap Rate 9%

$447,500 $447.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,000 SF

Gross rent

$60.0K $15.00/SF

− Vacancy

−$6.3K −$1.58/SF

EGI

$53.7K $13.43/SF

− OpEx

−$13.4K −$3.36/SF

NOI

$40.3K $10.07/SF

Area

Blair 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%

$805,500

Cap Rate 7%

$575,357

Cap Rate 9%

$447,500

Alternative Uses

Best Use

Specialty Retail

$575.4K

$503.4K – $671.3K (±1% cap)

NOI $40,275 @ 7.0% cap · market cap 6.20%

Second Best

—

—

no second resolved use

Theoretical Best

Warehouse

$4.86M

$4.25M – $5.67M (±1% cap)

NOI $340,089 @ 7.0% cap · market cap 52.32%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Building Supply Auto Repair Shop Plumbing Service Auto Parts Store Storage Facility (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business

Opportunity

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

29

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 16686, PA

13,861

Population

5,919

Households

2.3

Avg Household Size

44

Median Age

20%

College-Educated

92%

High-School Grad

146.9 sq mi

ZIP Area

94

Density / Sq Mi

$65,641

Median Household Income

$37,422

Median Earnings

$806

Median Rent

$166,500

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - The restaurant serves breakfast, lunch, and dinner, with on-site parking and outdoor seating.

Where is this conventional restaurant located?

The property is located at 13524 S Eagle Valley Road Tyrone, PA.

What is the asking price?

The asking price for this property is $650,000.

What are key features of this property?

This property features: 4,000‑square‑foot restaurant built in 1960; Restaurant business operated by the same family for more than 20 years; Kitchen and dining equipment included in the sale