Ebensburg Former Bank For
For Sale
Contact for pricing
176 Lovell Ave, Ebensburg, PA 15931
Former bank building in Ebensburg with drive-through and expansion potential.
Property Size2,500 SF
Lot Size0.75 Acres
Price / SF$189.96
Days on Market994
Property Features for 176 Lovell Ave
General Information
Standard status
Active
Size
2,500 SF
Lot size
0.75 Acres
Property subtype
Mixed Use, Office
Building Details
Year Built
1992
Listing Agency:
Howard Hanna Bardell Realty
(814) 254-8121
Listed By:
Hunter Ott · License ##RS353898
Source:
Crexi
Added: Nov 10, 2023
Changed: Jul 10
Last Checked: Jul 30 at 3:04PM
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 Howard Hanna Bardell Realty
Investment Insights
Based on property information with market context.
Located in Ebensburg, this former bank is a free-standing, all-brick building with a full drive-through system. The property sits on just under 0.75 acres, allowing room for expansion or parking. The site is located amongst law offices, medical spaces, townhouses, and gas stations. It is also located near retailers such as Walmart, Sheetz, McDonald's, Starbucks, Tractor Supply, Big Lots, and Giant Eagle. Ebensburg is the county seat and features an industrial park. The property presents an opportunity to enter the growing town of Ebensburg and be located amongst other businesses. The property has a size of 2500 square feet and is suitable for office and retail use.
Key Highlights
- Prime location in the heart of Ebensburg, surrounded by successful businesses and major retailers.
- Free‑standing, all‑brick former bank building.**
- Seller financing available.
Financial Insights For Office B
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 | $67.5k | $27.00 |
| − Vacancy | −$14.9k | −$5.94 |
| EGI | $52.7k | $21.06 |
| − OpEx | −$13.2k | −$5.27 |
| NOI | $39.5k | $15.80 |
2,500 SF · lease $27.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$564.1K
$493.6K – $658.1K
NOI $39,488 @ 7.0% cap · market cap 8.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$754.3K
$660.0K – $880.0K
NOI $52,800 @ 7.0% cap · market cap 11.12%
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
Explore this area
Business Placement
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 Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Former bank building in Ebensburg with drive-through and expansion potential.
Where is this office building located?
The property is located at 176 Lovell Ave 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: Prime location in the heart of Ebensburg, surrounded by successful businesses and major retailers.; Free‑standing, all‑brick former bank building.**; Seller financing available.
