Shopping Plaza with Two Retail
For Sale
Contact for pricing
3106 E Pleasant Valley Blvd, Altoona, PA 16601
10,499 SF plaza includes two adjacent small shop spaces and was formerly anchored by Rite Aid.
Property Size10,499 SF
Price / SF$123.35
Days on Market265
Property Features for 3106 E Pleasant Valley Blvd
General Information
Standard status
Active
Size
10,499 SF
Property subtype
RETAIL
Listing Agency:
Bennett Williams Commercial - York
(717) 843-5555
Listed By:
Adam Hagerman · License #RS311776
(717) 870-6932
Source:
Moodyscre
Added: Feb 5
Changed: Oct 26
Last Checked: Oct 26 at 7:17PM
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 Bennett Williams Commercial - York
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Investment Insights
Based on property information with market context.
Now available for sale and lease, this 10,499-square-foot shopping plaza offers a flexible retail configuration with two adjacent small shop spaces. The suites measure 1,423 square feet and 1,586 square feet, providing practical options for a variety of retail, service, or food and beverage concepts.
The property is located in the Bellwood neighborhood of Altoona, Pennsylvania, at 3106 E Pleasant Valley Blvd. It was formerly anchored by Rite Aid, and the current layout supports multiple operators within the center.
This offering presents an opportunity to take space within a functioning shopping plaza with defined, adjacent tenant-ready suites.
The property is located in the Bellwood neighborhood of Altoona, Pennsylvania, at 3106 E Pleasant Valley Blvd. It was formerly anchored by Rite Aid, and the current layout supports multiple operators within the center.
This offering presents an opportunity to take space within a functioning shopping plaza with defined, adjacent tenant-ready suites.
Key Highlights
- 10,499 SF shopping plaza in the Bellwood neighborhood of Altoona, PA
- Formerly anchored by Rite Aid
- Flexible layout with two adjacent small shop spaces: 1,423 SF and 1,586 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$105,609
Cap Rate
8.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,112,180
$2.1M
Cap Rate 7%
$1,508,700
$1.5M
Cap Rate 9%
$1,173,433
$1.2M
Market Conditions
NOI Build-Up for 10,499 SF
Gross rent
$157.5K $15.00/SF
− Vacancy
−$6.6K −$0.63/SF
EGI
$150.9K $14.37/SF
− OpEx
−$45.3K −$4.31/SF
NOI
$105.6K $10.06/SF
Area
Blair County, PA
Vacancy
4.20%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,112,180
Cap Rate 7%
$1,508,700
Cap Rate 9%
$1,173,433
Alternative Uses
Best Use
Retail
$1.51M
$1.32M – $1.76M
NOI $105,609 @ 7.0% cap · market cap 8.16%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$12.75M
$11.16M – $14.88M
NOI $892,649 @ 7.0% cap · market cap 68.93%
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
809
Businesses Nearby
297k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 55%
Shops & Services 35%
Groceries 5%
Electronics 2%
McDonald's
Dining
43,086 visits/mo
0.4 miles
Sheetz
Shops & Services
40,571 visits/mo
0.4 miles
Dollar Tree
Shops & Services
32,860 visits/mo
0.2 miles
Olive Garden
Dining
31,587 visits/mo
0.1 miles
Wendy's
Dining
19,600 visits/mo
0.4 miles
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Shopping center - 10,499 SF plaza includes two adjacent small shop spaces and was formerly anchored by Rite Aid.
Where is this shopping center located?
The property is located at 3106 E Pleasant Valley Blvd Altoona, PA.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: 10,499 SF shopping plaza in the Bellwood neighborhood of Altoona, PA; Formerly anchored by Rite Aid; Flexible layout with two adjacent small shop spaces: 1,423 SF and 1,586 SF
