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Corner Multi-Level Mixed-Use Building
For Sale
$33,900

329 N 5th Ave, Altoona, PA 16601

Corner property with separate entrances to three floors, including bar space and residential-ready areas, plus rear parking.

Property Size2,913 SF
Price / SF$11.64
Days on Market216

Property Features for 329 N 5th Ave

General Information

Standard status Active
Size 2,913 SF
Total Parking Spaces 5
Property subtype Residential

Taxes and HOA fees

Annual Taxes $751

Building Details

Stories 3
Listing Agency: L&H Realty Group
Listed By: Amy Hite
Source: Exprealty
Added: Jan 30 Changed: Aug 28 Last Checked: Sep 2 at 12:32AM

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 L&H Realty Group

Investment Insights

Based on property information with market context.

This corner-lot building was previously used as a bar on the first floor, with the second and third floors set up as possible residences. The property also features separate entrances to each floor, providing flexibility in how the space could be configured. Seller reports new electrical service and panels installed in 2022: 200 amps on the first floor, and 150 amps on the second and third floors. The electric is on to the property, but some lights in the residential areas are not installed; a flashlight is recommended during showings.

The building includes five parking spaces in the rear of the property. The property is being sold in as-is condition with no repairs by the seller. Gas and water/sewer have not been on in the seller’s name and will not be turned on prior to closing; the contract should reflect this.

With its multi-level layout and independent floor access, the asset may suit buyers seeking a mixed-use structure where each level can operate separately, subject to due diligence during the transaction.

Key Highlights

  • Corner lot building with separate entrances to each of the 1st, 2nd, and 3rd floors
  • 1st floor previously used as a bar; 2nd and 3rd floors are set up as possible residences
  • 5 parking spaces available in the rear of the property

Property Analytics

Current Use

Bars & Pubs

Suggested Use

Top Pick Real Estate Agency Hair Salon Spa & Massage Center (Bike/Boat/Book/etc) Store Electrical Service Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

920
Businesses Nearby
10k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Shops & Services 87% Apparel 10% Home Improvements & Furnishings 3%
Dollar General Shops & Services
8,928 visits/mo 0.4 miles
DTLR/VILLA Apparel
996 visits/mo 0.2 miles
Sunbelt Rentals, Inc. Home Improvements & Furnishings
352 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

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
Rey
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Similar Off Market Nearby

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  • LIFEsTYLE ALTUS Brew Pub 601 7th Ave, Altoona, PA 16602
  • Cantina 330 7th Ave #2741, Altoona, PA 16602

Frequently Asked Questions

What type of property is this?
Bar & Pub - Corner property with separate entrances to three floors, including bar space and residential-ready areas, plus rear parking.
Where is this bar & pub located?
The property is located at 329 N 5th Ave Altoona, PA.
What is the asking price?
The asking price for this property is $33,900.
What are key features of this property?
This property features: Corner lot building with separate entrances to each of the 1st, 2nd, and 3rd floors; 1st floor previously used as a bar; 2nd and 3rd floors are set up as possible residences; 5 parking spaces available in the rear of the property
More about this property
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