Bar with Upstairs
For Sale
$130,000
1908 5th St, Altoona, PA 16601
Includes indoor and outdoor seating, a beer license, and an upstairs apartment.
Property Size1,000 SF
Price / SF$130
Days on Market77
Property Features for 1908 5th St
General Information
Standard status
Active
Size
1,000 SF
Restaurant
Patio
Yes
Liquor License
Yes
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$1,576
Building Details
Buildings
1
Listing Agency:
Coldwell Banker Town & Country R.E.
(814) 946-4343
Listed By:
Sharon Cursio
(814) 207-9220
Source:
Exprealty
Added: Jun 26
Changed: Sep 9
Last Checked: Sep 9 at 11:18AM
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 Coldwell Banker Town & Country R.E.
Investment Insights
Based on property information with market context.
This bar and restaurant property includes the building and operating business, with a beer license and seating arranged for both indoor and outdoor service. The premises also feature a skills game of chance and an upstairs apartment that may provide owner-use space or additional income potential.
Two additional properties may be available to convey if the buyer is interested in acquiring rental properties alongside the bar and restaurant operation.
Two additional properties may be available to convey if the buyer is interested in acquiring rental properties alongside the bar and restaurant operation.
Key Highlights
- Bar and restaurant business included with the building
- Beer license in place
- Indoor and outdoor seating areas
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$10,350
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.96%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$207,000
$207.0K
Cap Rate 7%
$147,857
$147.9K
Cap Rate 9%
$115,000
$115.0K
Market Conditions
NOI Build-Up for 1,000 SF
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.
Gross rent
$18.0K $18.00/SF
− Vacancy
−$1.4K −$1.44/SF
EGI
$16.6K $16.56/SF
− OpEx
−$6.2K −$6.21/SF
NOI
$10.4K $10.35/SF
Area
Blair County, PA
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$207,000
Cap Rate 7%
$147,857
Cap Rate 9%
$115,000
Alternative Uses
Best Use
Mixed Use
$147.9K
$129.4K – $172.5K
NOI $10,350 @ 7.0% cap · market cap 7.96%
Second Best
Specialty Retail
$143.8K
$125.9K – $167.8K
NOI $10,069 @ 7.0% cap · market cap 7.75%
Theoretical Best
Warehouse
$1.21M
$1.06M – $1.42M
NOI $85,022 @ 7.0% cap · market cap 65.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
941
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 16601, PA
32,764
Population
14,992
Households
2.2
Avg Household Size
41
Median Age
24%
College-Educated
93%
High-School Grad
84.8 sq mi
ZIP Area
386
Density / Sq Mi
$55,504
Median Household Income
$35,737
Median Earnings
$790
Median Rent
$138,900
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
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Similar Off Market Nearby
- Petey's Food & Spirits — 1509 13th St, Altoona, PA 16601
- Frohsinn Singing Society — 1108 12th Ave, Altoona, PA 16601
- LIFEsTYLE ALTUS Brew Pub — 601 7th Ave, Altoona, PA 16602
- Cantina — 330 7th Ave #2741, Altoona, PA 16602
- Mike's Court — 1908 5th St, Altoona, PA 16601
Frequently Asked Questions
What type of property is this?
Bar & Pub - Includes indoor and outdoor seating, a beer license, and an upstairs apartment.
Where is this bar & pub located?
The property is located at 1908 5th St Altoona, PA.
What is the asking price?
The asking price for this property is $130,000.
What are key features of this property?
This property features: Bar and restaurant business included with the building; Beer license in place; Indoor and outdoor seating areas
