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Property profile & analytics
OFF-MARKET
Land

0 Orchard Ave Altoona, PA 16601

0.5 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 0.5-acre commercial land parcel presents a remarkable opportunity for development within the thriving Altoona retail market. Located at the signalized intersection of Plank Road and Orchard Avenue, this highly visible outparcel enjoys unparalleled access from I-99, ensuring maximum exposure to a substantial customer base. The site, situated at the entrance to Orchard Plaza, benefits from shared traffic signals with major retailers including Weis, Burlington, Dunham's, Urban Air Center, Cracker Barrel, Champs Sports Bar, Logan Valley Mall, and a newly constructed Starbucks, guaranteeing significant traffic flow. Development options are flexible, with the owner open to considering a ground lease, build-to-suit arrangement, or outright sale. The site is ideally suited for a variety of uses, including fast-casual restaurants, banks, or other retail establishments. With the potential for a building up to 4,000 square feet or a 2,600-square-foot building with a drive-through, this property offers considerable versatility. The location is further enhanced by its proximity to Penn State Altoona, with its nearly 3,125 full-time students, and the larger Altoona MSA, boasting a population of 43,525 and a household income of $59,386 in Blair County. This prime location within a busy shopping district, across from Logan Valley Mall and surrounded by other successful retail centers, makes this an exceptional investment opportunity. Don't miss this chance to establish a presence in a dynamic and growing market.

Property profile
Verified
Property type Land
Lot 0.5 ac (21,780 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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