Altoona Commercial Building on
332 W Plank Road Altoona, PA 16602
332 W Plank Road, Altoona, PA, 16602
$899,000
Pending
For Sale
$899,000
Pending
COMMERCIAL - Altoona, PA
Property Size5,477 SF
Lot Size0.46 Acres
Days on Market172
Property Features for 332 W Plank Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Exterior features
- Rain Gutters
- Standard status
- Pending
- APN
- 01.14-35.. -007.00-000
- Size
- 5,477 SF
- Lot size
- 0.46 Acres
Taxes and HOA fees
- Tax Annual Amount
- 15116
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1970
- Building materials
- Brick
- Roof type
- Shingle
Listing Agency
Perry Wellington Realty, LLC
(814) 695-5323
1004 N Juniata Street, Duncansville, PA
Listed by
Adam Conrad Team
(814) 693-5669
Added: Jan 26 Checked: Jul 17 at 6:06 pm
MLS# 79308
Copyright © 2026 Allegheny Highland Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located along the high-traffic Plank Road corridor in Altoona, this commercial building offers excellent exposure and accessibility. The two-unit property is suitable for a range of professional and retail uses. One unit is currently vacant, presenting an opportunity for owner-occupancy or lease-up. The property includes approximately 24 on-site parking spaces. The flexible layout and strong visibility support potential uses including professional office, medical office, service-based business, or retail. Positioned in a well-traveled commercial corridor with consistent traffic flow, the property is situated on a 0.46-acre lot. The building has a total area of 5477 square feet. This location is suitable for investors or owner-users seeking a strategic location.
Key Highlights
- Prime location on high‑traffic Plank Road corridor ensures excellent visibility and accessibility.
- Abundant on‑site parking with approximately 24 spaces, a valuable asset.
- One unit is currently vacant, offering immediate owner‑occupancy or lease‑up opportunity.
Local 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
Property Profile
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
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FAQs
What type of property is this?
Office building - Highly visible commercial building in high-traffic Plank Road corridor.
Where is this office building located?
The property is located at 332 W Plank Road 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: Prime location on high‑traffic Plank Road corridor ensures excellent visibility and accessibility.; Abundant on‑site parking with approximately 24 spaces, a valuable asset.; One unit is currently vacant, offering immediate owner‑occupancy or lease‑up opportunity.
