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    Ebensburg Former Bank For Sale Title is generated by Realmo AI

    176 Lovell Ave, Ebensburg, PA 15931

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    Former bank building in Ebensburg with drive-through and expansion potential.

    Type:Mixed Use, Office
    Property size:
    2,500 SF
    Lot size:
    0.75 Acres
    Price / SF:
    $189/SF
    Added:
    Nov 10, 2023
    Days on Market:
    947
    Last Refresh:
    May 12 at 8:49 pm

    Property Features for 176 Lovell Ave

    General Information

    Standard status
    Active
    Size
    2,500 SF
    Lot size
    0.75 Acres
    Property subtype
    Mixed Use, Office

    Building Details

    Year Built
    1992

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    Listing Contact
    Hunter Ott

    Listing agent Hunter Ott License ##RS353898

    Listing office Howard Hanna Bardell Realty

    Listing date Nov 10, 2023

    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 Howard Hanna Bardell Realty

    HighLights

    • Prime location in the heart of Ebensburg, surrounded by successful businesses and major retailers.
    • Free‑standing, all‑brick former bank building.
    • Seller financing available.
    • Full drive‑through system.
    • Located on just under 3/4 of an acre, allowing for expansion or parking.
    • Located in Ebensburg, the county seat with a growing industrial park.

    Overview

    Located in Ebensburg, this former bank is a free-standing, all-brick building with a full drive-through system. The property sits on just under 0.75 acres, allowing room for expansion or parking. The site is located amongst law offices, medical spaces, townhouses, and gas stations. It is also located near retailers such as Walmart, Sheetz, McDonald's, Starbucks, Tractor Supply, Big Lots, and Giant Eagle. Ebensburg is the county seat and features an industrial park. The property presents an opportunity to enter the growing town of Ebensburg and be located amongst other businesses. The property has a size of 2500 square feet and is suitable for office and retail use.

    Local Financial Insights For Office B

    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 $67.5k $27.00
    − Vacancy −$14.9k −$5.94
    EGI $52.7k $21.06
    − OpEx −$13.2k −$5.27
    NOI $39.5k $15.80
    2,500 SF · lease $27.00/SF/yr · vacancy 22.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $564.1K
    $493.6K – $658.1K (±1% cap)
    NOI $39,488 @ 7.0% cap · market cap 8.32%
    Second Best
    Retail
    $352.5K
    $308.4K – $411.3K (±1% cap)
    NOI $24,675 @ 7.0% cap · market cap 5.20%
    Theoretical Best
    Office A
    $754.3K
    $660.0K – $880.0K (±1% cap)
    NOI $52,800 @ 7.0% cap · market cap 11.12%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Ebensburg
    County
    Cambria
    State
    Pennsylvania
    Longitude
    -78.73375
    Latitude
    40.48082

    FAQs

    What type of property is this?
    Office building - Former bank building in Ebensburg with drive-through and expansion potential.
    Where is this office building located?
    The property is located at 176 Lovell Ave Ebensburg, PA.
    What is the asking price?
    The asking price for this property is $474,900.
    What are key features of this property?
    This property features: Prime location in the heart of Ebensburg, surrounded by successful businesses and major retailers.; **Free‑standing, all‑brick former bank building.**; Seller financing available.
    More about this property
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