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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 pad presents a remarkable opportunity for development in Altoona, Pennsylvania. Strategically located at the signalized intersection of Plank Road and I-99, this site boasts unparalleled visibility from the highway, with a combined 40,000 vehicles passing daily on Plank Road (28,000 VPD) and Orchard Avenue (14,000 VPD). The pad is situated within the Orchard Plaza, a thriving retail center anchored by Big Lots and surrounded by other successful businesses including Weis, Burlington, Dunham's, Urban Air Center, Cracker Barrel, Champs Sports Bar, Logan Valley Mall, and a newly constructed Starbucks. This high-traffic location offers excellent exposure to a substantial customer base. The site allows for the construction of a building up to 4,000 square feet or a 2,600-square-foot building with a drive-through. The seller will consider a ground lease, build-to-suit options, or an outright sale. The property's proximity to Penn State Altoona (less than a 15-minute drive) provides access to a large student population of nearly 3,125 full-time students. Altoona, the largest city in the Altoona Metropolitan Statistical Area (MSA), with a population of 43,525, is situated in Blair County, which has a population of 121,767 and a household income of $59,386. This pad site offers rear signage opportunities and is ideal for a variety of uses, including fast-casual restaurants, banks, or retail establishments. Don't miss this chance to establish a presence in this dynamic Altoona retail 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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