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1917 9Th Ave Altoona, PA 16602

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For Sale
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High-yield investment, 15,000 SF

Property size:
15,000 SF

Property Features for 1917 9Th Ave

General Information

Property type
Distribution centers
Square Feet
15,000 SF
Lot Size
44,867 SF

Building Details

Year Built
1980
Buildings
2
Stories
1

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Listing Contact
Matthew Depaolis

Listing Agency: PERRY WELLINGTON REALTY, LLC Listing Agent: Matthew Depaolis

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

This exceptional Altoona, Pennsylvania industrial property, located at 1917 9th Avenue, presents a compelling investment opportunity. The property encompasses 15,000 square feet of net rentable space across two single-story buildings on a 1.03-acre lot, built in 1980 and zoned for industrial use. Currently 100% occupied by a single tenant under a modified net lease with a remaining term of approximately 4.4 years (expiring March 31, 2029), the property boasts a strong current NOI of $60,000, translating to an attractive 8.58% cap rate. The pro-forma NOI is $57,500, resulting in an 8.23% pro-forma cap rate. The lease commenced April 1, 2024, and includes lease options. The tenant is responsible for all utilities and taxes. The property features 3 loading docks, 14 dock-high doors, and a generous 19-foot ceiling height. The asking price is $699,000, or $46.60 per square foot. This is a rare opportunity to acquire a well-located, income-producing industrial property with significant upside potential. The property's APN is 1.06-09-009, 010, 013.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Distribution centers

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

Location Insight

  • Map
  • Local Demand
City
Altoona
County
Blair
State
Pennsylvania
Longitude
-78.4043713
Latitude
40.50743

FAQs

What type of property is this?
Distribution center - High-yield investment, 15,000 SF
Where is this distribution center located?
The property is located at 1917 9Th Ave Altoona, PA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: NNN Lease: Tenant responsible for all utilities and property taxes.; ;
(814) 695-5323 Call to check price and availability
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