5580 Goods LnAltoona, PA 16602

Property Details for 5580 Goods Ln

Lot size

40.89 AC

Property type

Other commercial real estate

APN

14.00-15..-005.01-000

APU

14001500501000

Description

This exceptional retail opportunity presents a 137,279-square-foot storefront space located within the Logan Valley Mall in Altoona, Pennsylvania. The property is situated on Goods Lane, a major retail thoroughfare with a high average annual daily traffic count of 10,616 vehicles. Its strategic location offers excellent access to Route 22 and I-99, providing convenient access for customers throughout the region. The mall itself is a regional shopping destination, anchored by JCPenney and Macy's, and boasts over 50 stores and services across two levels, attracting an estimated 1.4 million annual visitors. Altoona, the largest city in Blair County, serves as a central hub for retail, cultural, and educational activities, benefiting from the presence of Penn State Altoona and UPMC Altoona, a major employer with over 4,500 employees. The area also benefits from a large student population, with approximately 120,000 college students within a 40-mile radius. This property offers a significant opportunity for a retailer seeking high visibility and access to a substantial consumer base in a growing market. The lease type is NNN. The total gross leasable area of the mall is approximately 785,000 square feet, with various inline and outparcel availabilities. The property's location provides easy access to a major highway, I-99, with an average annual daily traffic count of 36,821 vehicles. This presents a unique chance to establish a strong retail presence in a thriving Pennsylvania community.

• Alternative Use

  Use

  Valuation

  Residential

  $434,980,896

  Hospitality

  $398,440,192

  Educational

  $331,497,536

  Medical

  $342,898,272

  Retail

  $515,662,848

Location Insight

City

Altoona

County

Blair

State

Pennsylvania

Latitude

40.4694

Longitude

-78.4106

CBSA code

11020

CBSA name

ALTOONA, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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