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    1318 11Th Ave Altoona, PA 16601

    Sponsored
    For Lease
    $16 SF/Yr ($11,807 /Mo)

    Prime Altoona location, flexible suites available.

    Lot size:
    8,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This historically restored, Class A building at 1318 11th Avenue in Altoona, Pennsylvania, offers exceptional office and retail space in the vibrant Downtown Altoona Business District. The property boasts 8,500 total square feet spread across three stories, with a minimum divisible space of 2,500 square feet and a maximum contiguous space of 3,000 square feet. Currently, 20,500 square feet is vacant, presenting a unique opportunity for businesses seeking flexible and adaptable spaces. The first floor features approximately 1,850 square feet of retail or restaurant space, highlighted by a stunning entrance with oak doors and stamped metal ceilings. The second and third floors each offer approximately 2,500 square feet of open space, perfect for office use, with large windows providing ample natural light and city views. These floors offer a blank slate for customization. The building features 12-foot ceilings and is zoned for business use. Individual floors or the entire building are available with a triple net (NNN) lease. This property is situated in Blair County, Pennsylvania, with easy access to major transportation routes and amenities. The address is 1318 11th Avenue, Altoona, PA 16601. This is an exceptional opportunity to secure highly desirable commercial space in a thriving downtown area.

    Property Features for 1318 11Th Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    8,500 SF
    Class
    A
    Total Rate
    11807.92

    Building Details

    Stories
    3

    Unit(s) available at that property

    Space
    Retail 1st Floor
    Size
    1,800 SF
    Rate per SF
    $16

    HighLights

    • Three‑unit multifamily property.
    • Excellent investment opportunity.
    • Strong rental history.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Altoona
    County
    Blair
    State
    Pennsylvania
    Longitude
    -78.402985
    Latitude
    40.51479

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    FAQs

    What type of property is this?
    Restaurant - Prime Altoona location, flexible suites available.
    Where is this restaurant located?
    The property is located at 1318 11Th Ave Altoona, PA.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: Three-unit multifamily property.; Excellent investment opportunity.; Strong rental history.
    Request Owner's contact information
    1318 11Th Ave Altoona, PA 16601
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    Altoona, PA 16601
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1318 11Th Ave Altoona, PA 16601
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