1201 Blair St, Hollidaysburg, PA 16648-2445
- Commercial real estate
- 14,490 SF
- 0.43 lot acres
Current Use by Public Records
- Rite Aid Pharmacy / Pharmacy
- Kopp Drug Inc / Pharmacy
- Dixon Ross W / Pharmacy
- Rite Aid / Pharmacy
- Coinhub Bitcoin ATM Teller / Atm
Property Details for 1201 Blair St
- Year built
- 1957
- Lot size
- 0.43 lot acres
- Property type
- Commercial real estate
- APN
- 11.04-08..-010.01-000
- APU
- 11040801001000
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Nov 18, 2022 | — | 1201 Blair Street LLC | David R Meyers | Warranty Deed | $601k · M & T Bank |
| Feb 14, 2019 | — | David R Meyers | — | Deed · related | $566k · M & T Bank |
| Dec 21, 2018 | $1,066,000 | David Meyers | Pac Realty LP IV | Deed | — |
| Oct 7, 2014 | $313,152 | Pac Realty LP IV | Craig B Cohn | Deed | — |
Description
This exceptional investment opportunity presents a fee-simple, 7,124 square-foot Rite Aid pharmacy in Hollidaysburg, Pennsylvania. Located at 1201 Blair St, 16648, this Class B, single-tenant property boasts a strong 6.00% cap rate and a substantial NOI of $76,000. The building, constructed in 1984, features a convenient drive-thru and ample parking (20+ spaces). With 100% occupancy and a lease featuring rent bumps, this freestanding building offers significant long-term potential. The property benefits from a prime location with 132 feet of frontage on Blair Street and enjoys a zero-competition radius for drugstores. Rite Aid has operated at this location since 2014, demonstrating a proven track record of success. The asking price is $1,266,000, translating to $177.71 per square foot. This represents a below-market rent, providing a substantial cushion for long-term occupancy and the potential for increased rental income in the future. This is a rare chance to acquire a high-performing, net-leased asset in a thriving market.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $996,000
- AI Estimate
- $1,455,000
Market price range: $996k - $3.13MMarket price range: $1.46M - $3.76M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Hollidaysburg
- County
- Blair
- State
- Pennsylvania
- Longitude
- -78.383
- Latitude
- 40.4307
- CBSA code
- 11020
- CBSA name
- ALTOONA, PA METROPOLITAN STATISTICAL AREA
