Free-Standing Bank with
For Sale
$474,900
176 Lovell Avenue, Ebensburg, PA 15931
COMMERCIAL - Ebensburg, PA
Property Size2,086 SF
Lot Size0.73 Acres
Price / SF$227.66
Days on Market996
Property Features for 176 Lovell Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Exterior features
Lighting, Private Yard
Lot features
Cleared, Level, Cleared, Level
Elementary school district
Central Cambria
Middle school district
Central Cambria
High school district
Central Cambria
Subdivision
Ebensburg Borough
Standard status
Active
APN
26-023. -203.000
Size
2,086 SF
Lot size
0.73 Acres
Taxes and HOA fees
Tax Year
2023
Tax Description
2022-4699
Tax Annual Amount
5089
Legal Description
2022-4699
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1992
Building materials
Brick
Roof type
Shingle
Listing Agency:
Howard Hanna Bardell Realty Altoona
(814) 313-4111
Listed By:
Hunter Ott · License #RS353898
(814) 254-8121
Added: Nov 10, 2023
Changed: Jul 29
Last Checked: Aug 2 at 2:06PM
MLS# 73490
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 free-standing, all-brick former bank building is offered for sale or lease. The property includes a full drive-through system and is situated on approximately 0.73 acres, providing space for on-site parking and room for future expansion.
The site is located in Ebensburg, PA, and is surrounded by a mix of businesses including law offices, medical space, townhouses, and gas stations. It is also noted to be about two minutes from several major retailers.
With approximately 2,086 square feet of building area, the layout is suited to users seeking a standalone facility with drive-through access on a larger lot.
The site is located in Ebensburg, PA, and is surrounded by a mix of businesses including law offices, medical space, townhouses, and gas stations. It is also noted to be about two minutes from several major retailers.
With approximately 2,086 square feet of building area, the layout is suited to users seeking a standalone facility with drive-through access on a larger lot.
Key Highlights
- Free‑standing all‑brick building in the heart of Ebensburg, built in 1992
- Full drive‑through system for convenient customer access
- Sits on just under 3/4 acre with room for expansion or parking
Financial Insights For Specialty Retail
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 | $31.3k | $15.00 |
| − Vacancy | −$3.3k | −$1.58 |
| EGI | $28.0k | $13.43 |
| − OpEx | −$7.0k | −$3.36 |
| NOI | $21.0k | $10.07 |
2,086 SF · lease $15.00/SF/yr · vacancy 10.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$300.0K
$262.5K – $350.1K
NOI $21,003 @ 7.0% cap · market cap 4.42%
Second Best
Retail
$294.1K
$257.4K – $343.2K
NOI $20,589 @ 7.0% cap · market cap 4.34%
Theoretical Best
Office A
$629.4K
$550.7K – $734.3K
NOI $44,056 @ 7.0% cap · market cap 9.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
523
Businesses Nearby
51k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 74%
Dining 17%
Home Improvements & Furnishings 9%
Sheetz
Shops & Services
32,574 visits/mo
0.2 miles
Ace Hardware
Home Improvements & Furnishings
4,689 visits/mo
0.1 miles
First Commonwealth Bank
Shops & Services
4,344 visits/mo
0.3 miles
Pizza Hut
Dining
3,556 visits/mo
0.1 miles
SUBWAY
Dining
3,511 visits/mo
0.1 miles
Demographics for 15931, PA
9,158
Population
4,214
Households
2.2
Avg Household Size
47
Median Age
29%
College-Educated
92%
High-School Grad
81.4 sq mi
ZIP Area
113
Density / Sq Mi
$62,772
Median Household Income
$40,847
Median Earnings
$857
Median Rent
$176,400
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Bank - Freestanding all-brick building offers a full drive-through system and sits on just under 3/4 acre.
Where is this bank located?
The property is located at 176 Lovell Avenue Ebensburg, PA.
What is the asking price?
The asking price for this property is $474,900.
What are key features of this property?
This property features: Free‑standing all‑brick building in the heart of Ebensburg, built in 1992; Full drive‑through system for convenient customer access; Sits on just under 3/4 acre with room for expansion or parking
