Shopping Plaza with Two Retail
3106 E Pleasant Valley Blvd Altoona, PA 16601
For Sale
Contact for pricing
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 Market172
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) 870-6932
Listed By:
Adam Hagerman · License #RS223285L
(717) 870-6932
Source:
Moodyscre
Added: Feb 5
Changed: Jul 25
Last Checked: Jul 27 at 12:01PM
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
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 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 | $157.5k | $15.00 |
| − Vacancy | −$6.6k | −$0.63 |
| EGI | $150.9k | $14.37 |
| − OpEx | −$45.3k | −$4.31 |
| NOI | $105.6k | $10.06 |
10,499 SF · lease $15.00/SF/yr · vacancy 4.20% · expense 30.00%
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.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- The Shoppes at Pleasant Valley — 3420 US-220 BUS, Altoona, PA 16602
- Pleasant Valley Shopping Center — 3415 Pleasant Valley Blvd, Altoona, PA 16602
- Coinstar Kiosk - Bitcoin ATM — Giant Eagle, 181 Sophira Ln, Altoona, PA 16602
- Coin Cloud Bitcoin ATM — 3415 Pleasant Valley Blvd, Altoona, PA 16602
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
