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    2550 Plank Rd Altoona, PA 16601

    For Lease
    Contact for pricing

    12,000 SF Strip Center; Four Units Available

    Lot size:
    12,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    Plank Road Commons Shopping Center presents a prime retail opportunity in Blair County. This 12,000 square foot strip center offers four available spaces, each ranging from a minimum of 1,200 square feet to a maximum contiguous space of 4,800 square feet. Currently, the entire 12,000 square feet is vacant, providing a unique chance for a single tenant or multiple businesses to establish a presence in a high-traffic location. The center boasts excellent accessibility, with convenient access from I-99 and two traffic signals ensuring easy ingress and egress. Its central location benefits from a strong demographic profile, with an estimated 2023 average household income of $78,699 and a population of 64,511 within a 5-mile radius. This translates to a substantial customer base for potential tenants. The property's strategic placement and high visibility make it an ideal location for businesses seeking significant exposure and a thriving market. The ease of access and high traffic counts contribute to a strong potential for business success. This is an exceptional opportunity to secure retail space in a well-established and highly visible shopping center. Contact us today to learn more about leasing options and explore the possibilities.

    Property Features for 2550 Plank Rd

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    12,000 SF

    Unit(s) available at that property

    Space
    Space A28
    Size
    1,200 SF
    Space
    A29-30
    Size
    3,090 SF
    Space
    A19
    Size
    1,200 SF
    Space
    Available Space A4-6
    Size
    4,800 SF

    HighLights

    • Excellent I‑99 access.
    • High traffic counts in a central location.
    • Two traffic signals provide easy access.
    • $78,699 average household income within 5 miles (2023 estimate).
    • 64,511 population within 5 miles (2023 estimate).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Plank Road Commons Shopping Mall Primanti Bros. Restaurant ... Sandwich Shop

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Altoona
    County
    Blair
    State
    Pennsylvania
    Longitude
    -78.40898279
    Latitude
    40.45663038

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    FAQs

    What type of property is this?
    Neighborhood center - 12,000 SF Strip Center; Four Units Available
    Where is this neighborhood center located?
    The property is located at 2550 Plank Rd Altoona, PA.
    What are key features of this property?
    This property features: Excellent I-99 access.; High traffic counts in a central location.; Two traffic signals provide easy access.
    Request Owner's contact information
    2550 Plank Rd 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
    2550 Plank Rd Altoona, PA 16601
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