Commercial Building Near Grand
2525 6th Ave Altoona, PA 16602
2525 6th Ave, Altoona, PA, 16602
$350,000
For Sale
$350,000
Commercial building with lease in place near renovated Palazzo.
Property Size1,845 SF
Price / SF$189.70
Days on Market108
Property Features for 2525 6th Ave
General Information
- Standard status
- Active
- Size
- 1,845 SF
Listing Agency
Redwood Prime Realty LLC
(814) 327-1682
Listed by
Christopher Weidley
(814) 327-1682
Source
Exprealty
Added: Mar 31 Checked: Jul 14 at 3:45 am
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 Redwood Prime Realty LLC
Investment Insights
Based on property information with market context.
This commercial building offers a great opportunity for ownership, benefiting from its location next to the newly renovated Greystone Grand Palazzo and associated shops. The property is currently under a 5-year lease, generating a gross annual income of $30,000. The building has a size of 1845 square feet.
Key Highlights
- Existing 5‑year lease in place
- $30,000 gross annual income
- Commercial building
Local Financial Insights For 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 | $27.7k | $15.00 |
| − Vacancy | −$1.2k | −$0.63 |
| EGI | $26.5k | $14.37 |
| − OpEx | −$8.0k | −$4.31 |
| NOI | $18.6k | $10.06 |
1,845 SF · lease $15.00/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$265.1K
$232.0K – $309.3K
NOI $18,559 @ 7.0% cap · market cap 5.30%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.24M
$1.96M – $2.61M
NOI $156,866 @ 7.0% cap · market cap 44.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
Similar Off Market Nearby
- The Tipsy Tulip — 700 Pleasant Valley Blvd, Altoona, PA 16602
- Florist — altoona, pa 16601
- Martin's Floral — Altoona, PA 16601
FAQs
What type of property is this?
Storefront property - Commercial building with lease in place near renovated Palazzo.
Where is this storefront property located?
The property is located at 2525 6th Ave Altoona, PA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Existing 5‑year lease in place; $30,000 gross annual income; Commercial building
