900 Lexington AveAltoona, PA 16601

  • Other commercial real estate
  • 0.35 AC
For Sale
$499,000 View listing

Property Details for 900 Lexington Ave

Lot size
0.35 AC
Property type
Other commercial real estate
APN
01.01-06..-003.00-000
APU
1010600300000

Description

This exceptional 43,786 square foot mixed-use property, located at 900-918 Lexington Avenue in Altoona, Pennsylvania (zip code 16601), presents a unique investment opportunity. The building, formerly a YMCA, boasts a substantial footprint and a wide array of existing features ideal for adaptive reuse. The entire space is currently vacant, offering a blank canvas for a creative entrepreneur or developer. Key features include a sizable Olympic-sized swimming pool, a full-sized basketball court, and numerous rooms previously configured as exercise studios or office spaces. The property's versatile layout allows for a multitude of potential uses, catering to a diverse range of businesses. The ample square footage provides significant flexibility for customization and expansion. The property's Assessed Parcel Numbers (APNs) are 01.01-06..-001.00-0 & 01.01-06..-003.00-000. This single-tenant property is situated in Altoona, PA, offering excellent visibility and accessibility. Its unique history and substantial size make it an attractive proposition for those seeking a distinctive commercial space with significant redevelopment potential. The property's location provides easy access to major transportation routes and a thriving local community. This is a rare chance to acquire a large, versatile property with a rich history and significant upside potential. Serious inquiries are encouraged.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $3,723,242
    Hospitality
    $3,410,470
    Educational
    $2,837,470
    Medical
    $2,935,056
    Retail
    $4,413,843
900 Lexington Ave, Altoona, Pennsylvania

Location Insight

City
Altoona
County
Blair
State
Pennsylvania
Latitude
40.5193
Longitude
-78.3997
CBSA code
11020
CBSA name
ALTOONA, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$4,563
$91,900
$178,100
$270,000
-
$91,900
$178,100
$270,000

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