Building Details

Year built 1946

Building materials Block, Frame, Wood Siding

Listing Agency: Perry Wellington Realty, LLC b***@perrywellingtonrealty.com Show Phone

Listed By: Adam Conrad Team Show Phone

Added: Nov 5 Last Checked: Nov 6 at 5:06AM

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MLS# 81700

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.

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Investment Insights

Based on property information with market context.

This storefront property at 3520 6th Avenue has block and frame construction with wood siding. Built in 1946, it sits on a 0.31-acre lot and includes paved off-street parking. Heating is provided by a natural gas forced-air system.

The property is in Altoona, Pennsylvania, and is served by public sewer. Cable is available.

Key Highlights

• 0.31‑acre lot
• Paved off‑street parking
• Built in 1946

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$16,990

Cap Rate

7.23%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$339,800 $339.8K

Cap Rate 7%

$242,714 $242.7K

Cap Rate 9%

$188,778 $188.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,689 SF

Gross rent

$25.3K $15.00/SF

− Vacancy

−$1.1K −$0.63/SF

EGI

$24.3K $14.37/SF

− OpEx

−$7.3K −$4.31/SF

NOI

$17.0K $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%

$339,800

Cap Rate 7%

$242,714

Cap Rate 9%

$188,778

Alternative Uses

Best Use

Retail

$242.7K

$212.4K – $283.2K (±1% cap)

NOI $16,990 @ 7.0% cap · market cap 7.23%

Second Best

—

—

no second resolved use

Theoretical Best

Warehouse

$2.05M

$1.80M – $2.39M (±1% cap)

NOI $143,603 @ 7.0% cap · market cap 61.11%

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

Munchies Restaurant

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Building Supply Grocery & Convenience Store Kitchen & Bath Showroom

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

Lease Details

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

614

Businesses Nearby

35k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 79% Dining 21%

Rutters Shops & Services

18,201 visits/mo 0.4 miles

Dollar General Shops & Services

8,509 visits/mo 0.2 miles

Best Way Pizza Dining

5,446 visits/mo 0.4 miles

Hungry Howie's Pizza Dining

1,784 visits/mo 0.3 miles

AAMCO Transmissions Shops & Services

851 visits/mo 0.5 miles

Demographics for 16602, PA

27,996

Population

13,171

Households

2.1

Avg Household Size

44

Median Age

21%

College-Educated

93%

High-School Grad

14.7 sq mi

ZIP Area

1,904

Density / Sq Mi

$53,097

Median Household Income

$37,336

Median Earnings

$842

Median Rent

$120,200

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

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Frequently Asked Questions

What type of property is this?

Storefront property - Commercial property with off-street parking and natural gas forced-air heat.

Where is this storefront property located?

The property is located at 3520 6th Avenue Altoona, PA.

What is the asking price?

The asking price for this property is $235,000.

What are key features of this property?

This property features: 0.31‑acre lot; Paved off‑street parking; Built in 1946