Freestanding Brick Bank
For Sale
$474,900
176 Lovell Avenue, Ebensburg, PA 15931
Commercial Sale, Ebensburg, PA
Property Size2,086 SF
Lot Size0.73 Acres
Price / SF$227.66
Days on Market1091
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
Buildings
1
Listing Agency:
Howard Hanna Bardell Realty Altoona
(814) 313-4111
Listed By:
Hunter Ott · License #RS353898
(814) 254-8121
Added: Nov 10, 2023
Changed: Oct 26
Last Checked: Nov 4 at 6:06AM
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.
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Investment Insights
Based on property information with market context.
This 2,086-square-foot former bank occupies a 0.73-acre site in Ebensburg. The freestanding building was constructed in 1992 with brick exterior walls, a shingle roof, central air, forced-air heating, and natural gas service. A full drive-through system remains in place, while the private yard provides additional exterior space.
The property is positioned among law offices, medical space, townhouses, gas stations, and other businesses. Walmart, Sheetz, McDonald's, Starbucks, Tractor Supply, Big Lots, and Giant Eagle are approximately two minutes away. Public water and public sewer serve the site.
The property is positioned among law offices, medical space, townhouses, gas stations, and other businesses. Walmart, Sheetz, McDonald's, Starbucks, Tractor Supply, Big Lots, and Giant Eagle are approximately two minutes away. Public water and public sewer serve the site.
Key Highlights
- 2,086‑square‑foot former bank on 0.73 acres
- Full drive‑through system
- Brick construction with shingle roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,003
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$420,060
$420.1K
Cap Rate 7%
$300,043
$300.0K
Cap Rate 9%
$233,367
$233.4K
Market Conditions
NOI Build-Up for 2,086 SF
Gross rent
$31.3K $15.00/SF
− Vacancy
−$3.3K −$1.58/SF
EGI
$28.0K $13.43/SF
− OpEx
−$7.0K −$3.36/SF
NOI
$21.0K $10.07/SF
Area
Cambria 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%
$420,060
Cap Rate 7%
$300,043
Cap Rate 9%
$233,367
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Single-tenant
Tenancy
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Bank - Former banking facility with a full drive-through system, private yard, and public utility connections.
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: 2,086‑square‑foot former bank on 0.73 acres; Full drive‑through system; Brick construction with shingle roof
