900 Lexington AveAltoona, PA 16601

Property Details for 900 Lexington Ave

Lot size

0.35 AC

Property type

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.

• CAP approach

  CAP return

  Valuation

  6%

  $3,686,540

  6.5%

  $3,402,960

  7%

  $3,159,890

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,557,180

  Geo Method

  $3,048,290

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $6,466,420

  Retail / Commercial

  $3,361,610

  Mixed-Use / Specialty

  $3,385,600

  Hospitality / Lodging

  $2,530,750

  Office

  $3,402,960

  Institutional / Educational

  $3,532,520

  Residential Income

  $4,133,050

  Multifamily

  $4,757,490

  Automotive / Energy

  $3,027,870

  Parking / Income-Based Land

  $1,009,340

  Restaurant / Food Service

  $1,837,660

  Healthcare / Senior Housing

  $3,434,970

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

FAQs

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