High-Visibility Commercial Property on Plank
500 W PLANK RD, Altoona, PA 16602
Prominent corner lot with high traffic and redevelopment potential.
Type:Retail, Hospitality, Land
Property size:
1,612 SFLot size:
0.53 AcresPrice / SF:
$930/SF- Added:
- May 12, 2026
- Days on Market:
- 19
- Last Refresh:
- May 14 at 9:31 pm
Property Features for 500 W PLANK RD
General Information
- Standard status
- Active
- Size
- 1,612 SF
- Lot size
- 0.53 Acres
- Property subtype
- Retail, Hospitality, Land
Listing agent Adam Conrad License #PA RM421782
Listing office Perry Wellington Realty
Listing date May 12, 2026
Source Crexi
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
HighLights
- High‑visibility location on W. Plank Road with traffic counts approaching 37,565 vehicles per day.
- Large paved parking/display area of over 21,000 SF on approximately 0.53 acres.
- Attractive brick commercial building containing approximately 1,612 SF.
- Existing drive‑thru window and potential for a second drive‑thru.
- Extensive paved surfaces, multiple curb cuts, and large illuminated signage.
- Well‑lit lot with multiple flood lights for strong nighttime visibility and security.
Overview
This commercial property is located on a corner lot along W. Plank Road in Altoona, a busy retail corridor in Blair County. The property includes a brick commercial building of approximately 1,612 square feet and over 21,000 square feet of paved parking or display area on approximately 0.53 acres. The site has paved surfaces, multiple curb cuts, illuminated signage, and visibility from multiple directions. It is currently configured with a drive-thru window and has the potential for a second one. The property is suited for various commercial uses, including quick-service restaurants, coffee shops, banks, pharmacies, medical offices, retail showrooms, professional offices, or automotive sales and service operations. The lot is well-lit with flood lights. The location is surrounded by national chain restaurants, retailers, automotive businesses, and local commercial users, benefiting from traffic flow and consumer activity. Traffic counts approach 37,565 vehicles per day.
Local Financial Insights For Industrial
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 | $170.8k | $105.96 |
| − Vacancy | −$9.6k | −$5.93 |
| EGI | $161.2k | $100.03 |
| − OpEx | −$48.4k | −$30.01 |
| NOI | $112.9k | $70.02 |
1,612 SF · lease $105.96/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Industrial
$1.61M
$1.41M – $1.88M
NOI $112,870 @ 7.0% cap · market cap 7.52%
Second Best
Specialty Retail
$231.9K
$202.9K – $270.5K
NOI $16,231 @ 7.0% cap · market cap 1.08%
Theoretical Best
Warehouse
$1.96M
$1.71M – $2.28M
NOI $137,056 @ 7.0% cap · market cap 9.14%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Car Circus
Car Dealership
Location Insight
- Map
- Local Demand
- City
- Altoona
- County
- Blair
- State
- Pennsylvania
- Longitude
- -78.403312
- Latitude
- 40.478807
Nearby Similar for Sale
FAQs
What type of property is this?
Car wash - Prominent corner lot with high traffic and redevelopment potential.
Where is this car wash located?
The property is located at 500 W PLANK RD Altoona, PA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: High‑visibility location on W. Plank Road with traffic counts approaching 37,565 vehicles per day.; Large paved parking/display area of over 21,000 SF on approximately 0.53 acres.; Attractive brick commercial building containing approximately 1,612 SF.
