1873 Old Rte 22 Duncansville, PA 16635-5709
- Investment properties
- 3,053 SF
- 2.82 lot acres
Feb 19, 2025
Current Use by Public Records
- Ralph J Albarano & Sons Inc / Construction Company
Property Details for 1873 Old Rte 22
- Year built
- 1948
- Lot size
- 2.82 lot acres
- Property size
- 3,053 SF
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 02.00-10..-023.00-000
- APU
- 2001002300000
Description
This exceptional commercial property in Duncansville, Pennsylvania, presents a unique investment opportunity. Located at 1873 Old Route 22, the 6.95-acre parcel features four significant improvements: a two-story office building, a two-story metal storage warehouse, a metal and concrete block garage/workshop, and four one-story residential rental units. The office building boasts a foyer, reception desk, conference room, breakroom, two restrooms, several private offices, and a large workroom with storage on the main floor. A lower level includes a receptionist station, restroom, garage area, and mechanical room. Mini-splits provide air conditioning. Each of the four rental units comprises a living room, kitchen, two bedrooms, and a bathroom. These units currently generate rental income of $400 per month, plus electricity (which includes heat). Ample parking surrounds all buildings and residential units. The unimproved portion of the land is cleared and could be developed, subject to certain restrictions. The asking price for this multifaceted property is $599,000. Interior photos will be available after April 5th. This property offers a blend of commercial space and rental income potential, making it an attractive investment in a desirable location.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $525,000
- 6.5%
- $485,000
- 7%
- $450,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $693,000
- AI Estimate
- $738,000
Market price range: $246k - $693kMarket price range: $241k - $738k
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Location Insight
- Map
- Local Demand
- City
- Duncansville
- County
- Blair
- State
- Pennsylvania
- Longitude
- -78.4707
- Latitude
- 40.4193
- CBSA code
- 11020
- CBSA name
- ALTOONA, PA METROPOLITAN STATISTICAL AREA