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    5580 Goods Ln Altoona, PA 16602

    For Sale
    Contact for pricing

    Prime Altoona storefront, high traffic location.

    Property size:
    137,279 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional retail opportunity presents a 137,279-square-foot storefront space located within the Logan Valley Mall in Altoona, Pennsylvania. The property is situated on Goods Lane, a major retail thoroughfare with a high average annual daily traffic count of 10,616 vehicles. Its strategic location offers excellent access to Route 22 and I-99, providing convenient access for customers throughout the region. The mall itself is a regional shopping destination, anchored by JCPenney and Macy's, and boasts over 50 stores and services across two levels, attracting an estimated 1.4 million annual visitors. Altoona, the largest city in Blair County, serves as a central hub for retail, cultural, and educational activities, benefiting from the presence of Penn State Altoona and UPMC Altoona, a major employer with over 4,500 employees. The area also benefits from a large student population, with approximately 120,000 college students within a 40-mile radius. This property offers a significant opportunity for a retailer seeking high visibility and access to a substantial consumer base in a growing market. The lease type is NNN. The total gross leasable area of the mall is approximately 785,000 square feet, with various inline and outparcel availabilities. The property's location provides easy access to a major highway, I-99, with an average annual daily traffic count of 36,821 vehicles. This presents a unique chance to establish a strong retail presence in a thriving Pennsylvania community.

    Property Features for 5580 Goods Ln

    General Information

    Property type
    Individual retail properties
    Square Feet
    137,279 SF

    HighLights

    • Penn State Altoona campus nearby.
    • Located in Blair County's largest city.
    • Strong market with 120,000 college students within 40 miles.
    • Major employer UPMC Altoona with over 4,500 employees.
    • High annual visitation of 1.4 million.
    • Exceptional anchor space available in former Bon‑Ton department store.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    WJAC TV Television Repair Service Buckle Clothing Store Zumiez Men'S Clothing Store Claire's Ear Piercing Service Hot Topic Clothing Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Building Supply Nail Salon Auto Repair Shop 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
    -78.41538996911
    Latitude
    40.467875758826

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    FAQs

    What type of property is this?
    Individual retail property - Prime Altoona storefront, high traffic location.
    Where is this individual retail property located?
    The property is located at 5580 Goods Ln Altoona, PA.
    What are key features of this property?
    This property features: Penn State Altoona campus nearby.; Located in Blair County's largest city.; Strong market with 120,000 college students within 40 miles.
    Request Owner's contact information
    5580 Goods Ln Altoona, PA 16602
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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
    5580 Goods Ln Altoona, PA 16602
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