Laundromat Retail
For Sale
$319,900
611-613 N 2nd Street, Altoona, PA 16601
A neighborhood laundry business occupies a refreshed commercial building along N. 2nd Street.
Property Size1,200 SF
Price / SF$266.58
Days on Market67
Property Features for 611-613 N 2nd Street
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Commercial
Zoning
Commercial
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$1,145
Building Details
Building Size
1,200 SF
Year Built
1950
Stories
1
Listing Agency:
Keller Williams Exclusive Altoona
(814) 946-8682
Listed By:
Alexandra Hamilton
(717) 385-0035
Source:
814homes
Added: Aug 28
Changed: Nov 1
Last Checked: Nov 1 at 3:32PM
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 Keller Williams Exclusive Altoona
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,200-square-foot retail property operates as a laundromat. Building improvements include updated electrical service, roofing, and HVAC, along with additional upgrades. Constructed in 1950, the property is located in the Juniata subdivision of Altoona and is zoned Commercial.
The storefront fronts N. 2nd Street, placing the business within the surrounding neighborhood. Its current laundry use and documented building updates define the property's principal commercial features.
The storefront fronts N. 2nd Street, placing the business within the surrounding neighborhood. Its current laundry use and documented building updates define the property's principal commercial features.
Key Highlights
- Operating laundromat in a 1,200‑square‑foot retail property
- Electrical, roof, and HVAC improvements completed
- Located in the Juniata subdivision of Altoona
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,071
Cap Rate
3.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$241,420
$241.4K
Cap Rate 7%
$172,443
$172.4K
Cap Rate 9%
$134,122
$134.1K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$18.0K $15.00/SF
− Vacancy
−$756 −$0.63/SF
EGI
$17.2K $14.37/SF
− OpEx
−$5.2K −$4.31/SF
NOI
$12.1K $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%
$241,420
Cap Rate 7%
$172,443
Cap Rate 9%
$134,122
Alternative Uses
Best Use
Retail
$172.4K
$150.9K – $201.2K
NOI $12,071 @ 7.0% cap · market cap 3.77%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.46M
$1.28M – $1.70M
NOI $102,027 @ 7.0% cap · market cap 31.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
874
Businesses Nearby
71k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 58%
Dining 21%
Shops & Services 15%
Electronics 4%
Martin's Food Market
Groceries
35,368 visits/mo
0.5 miles
Taco Bell
Dining
12,069 visits/mo
0.4 miles
Dollar General
Shops & Services
8,928 visits/mo
0.4 miles
Fine Wine & Good Spirits
Groceries
5,671 visits/mo
0.5 miles
Little Caesars Pizza
Dining
2,953 visits/mo
0.5 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
Frequently Asked Questions
What type of property is this?
Retail space - A neighborhood laundry business occupies a refreshed commercial building along N. 2nd Street.
Where is this retail space located?
The property is located at 611-613 N 2nd Street Altoona, PA.
What is the asking price?
The asking price for this property is $319,900.
What are key features of this property?
This property features: Operating laundromat in a 1,200‑square‑foot retail property; Electrical, roof, and HVAC improvements completed; Located in the Juniata subdivision of Altoona
