Technical
Financial
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Property profile

275 Park Hills Plz Altoona, PA 16602

OFF-MARKET
Shopping malls
258,819 SF
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Property summary

AI-generated overview

Park Hills Plaza, a thriving 258,819-square-foot retail center in Altoona, Pennsylvania, presents a prime leasing opportunity. This strategically located property boasts a strong anchor tenant, Weis Markets, ensuring consistent foot traffic. The center enjoys a highly visible position along the main retail corridor, easily accessible via multiple entry points on Plank Road and Orchard Avenue. The property's diverse tenant mix includes established national and regional brands such as Harbor Freight, Aaron's, and Goodwill, creating a synergistic shopping environment. Beyond the main center, Park Hills Plaza features desirable outparcels occupied by well-known businesses like Red Robin, Denny's, and Mattress Firm, further enhancing the property's appeal and drawing power. Currently, a single retail space of 2,400 square feet is available, presenting an excellent chance for businesses seeking high visibility and a strong customer base in a well-established shopping destination within Blair County. The property's size and tenant mix offer a compelling investment opportunity for businesses looking to establish or expand their presence in a thriving Altoona retail market. This space is ideal for a variety of retail uses.

Property profile

Verified
Property type Shopping malls
Total area 258,819 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Grocery & Convenience Store Food Market
  • Atm
  • Pharmacy
  • Bank Credit Union
  • Grocery & Convenience Store Food Market

Location

275 Park Hills Plz Altoona, PA 16602
Altoona metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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