Two-Unit Commercial
332 W Plank Rd Altoona, PA 16602
For Sale
$899,000
Pending
Two-unit commercial building with one vacant space and approximately 24 on-site parking spaces along a high-traffic corridor.
Property Size5,477 SF
Days on Market178
Property Features for 332 W Plank Rd
General Information
- Standard status
- Pending
- Size
- 5,477 SF
Listing Agency:
Perry Wellington Realty, LLC
(814) 693-5669
Listed By:
Adam Conrad Team
(814) 693-5669
Source:
Exprealty
Added: Jan 27
Changed: Jul 23
Last Checked: Jul 23 at 11:27AM
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 Perry Wellington Realty, LLC
Investment Insights
Based on property information with market context.
This two-unit commercial building is located along the Plank Road corridor in Altoona. The property includes one currently vacant unit, offering an immediate option for owner-occupancy or lease-up. Both offices and customer-facing businesses can be supported by the building’s flexible layout.
A key feature is the on-site parking area with approximately 24 spaces, which helps accommodate employees and visitors for office, medical, service-based, or retail use. The property’s visibility and accessibility along a high-traffic road are designed to support ongoing storefront or professional presence.
Overall, the asset is well suited for owner-users seeking space for a professional or medical use, or investors looking for a two-unit configuration with available vacancy and parking capacity.
A key feature is the on-site parking area with approximately 24 spaces, which helps accommodate employees and visitors for office, medical, service-based, or retail use. The property’s visibility and accessibility along a high-traffic road are designed to support ongoing storefront or professional presence.
Overall, the asset is well suited for owner-users seeking space for a professional or medical use, or investors looking for a two-unit configuration with available vacancy and parking capacity.
Key Highlights
- Two‑unit commercial building along the high‑traffic Plank Road corridor in Altoona
- One unit is currently vacant, offering owner‑occupancy or lease‑up potential
- Approximately 24 on‑site parking spaces for staff and customers
Financial Insights For Healthcare Medical
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 | $115.0k | $21.00 |
| − Vacancy | −$9.8k | −$1.79 |
| EGI | $105.2k | $19.22 |
| − OpEx | −$42.1k | −$7.69 |
| NOI | $63.1k | $11.53 |
5,477 SF · lease $21.00/SF/yr · vacancy 8.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$902.1K
$789.3K – $1.05M
NOI $63,144 @ 7.0% cap · market cap 7.02%
Second Best
Office B
$792.6K
$693.6K – $924.7K
NOI $55,484 @ 7.0% cap · market cap 6.17%
Theoretical Best
Warehouse
$6.65M
$5.82M – $7.76M
NOI $465,667 @ 7.0% cap · market cap 51.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Annette M. Cronauer, ...
Alternative Medicine Practice
Clayton T J ...
Alternative Medicine Practice
Brandon M. Traficante, ...
Alternative Medicine Practice
Envision Laser Centers
Medical Clinic
James V. McGough, ...
Law Firm
FAQs
What type of property is this?
Office units - Two-unit commercial building with one vacant space and approximately 24 on-site parking spaces along a high-traffic corridor.
Where is this office units located?
The property is located at 332 W Plank Rd Altoona, PA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Two‑unit commercial building along the high‑traffic Plank Road corridor in Altoona; One unit is currently vacant, offering owner‑occupancy or lease‑up potential; Approximately 24 on‑site parking spaces for staff and customers
