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Restaurant Space with Bar Area
For Lease
$1,500/Mo

300 4th Avenue, Altoona, PA 16602

The existing restaurant layout includes a bar, seating for about 80 guests, and furniture and equipment.

Space SizeContact for details
Property Size2,549 SF
Days on Market846

Property Features for 300 4th Avenue

General Information

Standard status Active
Size 2,549 SF
Zoning Multi-Family

Space & Availability

Space Use Restaurant
Furnished Yes

Restaurant

Seating Capacity 80
Equipment Included Yes
Second-Generation Restaurant Yes

Taxes and HOA fees

Annual Taxes $3,922

Building Details

Building Size 2,549 SF
Stories 1
Listing Agency: Perry Wellington Realty, LLC
Listed By: Matthew DePaolis · License #RS325034
Source: 814homes
Added: Jul 12, 2024 Changed: Nov 1 Last Checked: Nov 4 at 6:02AM

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

Rey
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Investment Insights

Based on property information with market context.

Configured for restaurant use, the property includes a bar area and seating for approximately 80 people. Furniture and equipment are included, providing the next operator with the existing contents of the space.

Located at 300 4th Avenue in Altoona, the property is zoned Multi-Family. A purchase option is also available in addition to the rental offering.

Key Highlights

  • Restaurant configuration with bar area
  • Seating for approximately 80 people
  • Furniture and equipment included

Property Analytics

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

Current Use

The Phoenix Banquet Center Wedding Service

Suggested Use

Top Pick Real Estate Agency Hair Salon Spa & Massage Center (Bike/Boat/Book/etc) Store Electrical Service HVAC Service

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

NNN (Triple Net)
Lease Type
$1.06 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

920
Businesses Nearby
10k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 87% Apparel 10% Home Improvements & Furnishings 3%
Dollar General Shops & Services
8,928 visits/mo 0.4 miles
DTLR/VILLA Apparel
996 visits/mo 0.2 miles
Sunbelt Rentals, Inc. Home Improvements & Furnishings
352 visits/mo 0.4 miles

Demographics for 16602, PA

27,996
Population
13,171
Households
2.1
Avg Household Size
44
Median Age
21%
College-Educated
93%
High-School Grad
14.7 sq mi
ZIP Area
1,904
Density / Sq Mi
$53,097
Median Household Income
$37,336
Median Earnings
$842
Median Rent
$120,200
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

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025

Frequently Asked Questions

What type of property is this?
Conventional restaurant - The existing restaurant layout includes a bar, seating for about 80 guests, and furniture and equipment.
Where is this conventional restaurant located?
The property is located at 300 4th Avenue Altoona, PA.
What is the lease rate?
The lease rate is $1,500/Mo.
What are key features of this property?
This property features: Restaurant configuration with bar area; Seating for approximately 80 people; Furniture and equipment included
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