Ebensburg Former Bank For
For Sale
$474,900
176 Lovell Ave, Ebensburg, PA 15931
Former bank building in Ebensburg with drive-through and expansion potential.
Property Size2,086 SF
Lot Size0.75 Acres
Price / SF$227.66
Days on Market1085
Property Features for 176 Lovell Ave
General Information
Standard status
Active
Size
2,086 SF
Lot size
0.75 Acres
Taxes and HOA fees
Annual Taxes
$5,089
Listing Agency:
Howard Hanna Bardell Realty Altoona
(814) 313-4111
Listed By:
Hunter Ott · License #RS353898
(814) 254-8121
Source:
Exprealty
Added: Nov 10, 2023
Changed: Oct 25
Last Checked: Oct 28 at 1:11PM
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 Altoona
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$32,948
Cap Rate
6.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$658,960
$659.0K
Cap Rate 7%
$470,686
$470.7K
Cap Rate 9%
$366,089
$366.1K
Market Conditions
NOI Build-Up for 2,086 SF
Gross rent
$56.3K $27.00/SF
− Vacancy
−$12.4K −$5.94/SF
EGI
$43.9K $21.06/SF
− OpEx
−$11.0K −$5.27/SF
NOI
$32.9K $15.80/SF
Area
Cambria County, PA
Vacancy
22.00%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$658,960
Cap Rate 7%
$470,686
Cap Rate 9%
$366,089
Alternative Uses
Best Use
Office B
$470.7K
$411.9K – $549.1K
NOI $32,948 @ 7.0% cap · market cap 6.94%
Second Best
—
—
no second resolved use
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
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.
