415 Orchard AveAltoona, PA 16601

  • Commercial real estate
  • 8.32 AC
For Lease
$12/SF/YR View listing

Property Details for 415 Orchard Ave

Lot size
8.32 AC
Property type
Commercial real estate
APN
14.00-15..-026.03-000
APU
14001502603000

Description

Orchard Plaza, a Class B retail strip center in Altoona, Pennsylvania, offers exceptional visibility and high traffic volume. Located at the signalized intersection of Plank Road and I-99, this 83,483 square foot property sits on 8.32 acres of land and boasts over 60,000 vehicles per day (VPD) combined with neighboring businesses. The center enjoys a prime location across from Logan Valley Mall, major retailers such as Weis, Burlington, Dunham's, Urban Air, Cracker Barrel, Champs Sports Bar, KFC, and Starbucks. Currently, five spaces are available, ranging from 1,400 square feet to a large 49,408 - 57,858 square foot space, ideal for a variety of retail uses. Three in-line spaces of 1,400, 2,983, and 8,450 square feet are immediately available, with an additional 1,400 square foot end-cap space becoming available in September 2024. The property benefits from excellent visibility from I-99 and the opportunity for rear signage. Existing tenants include Salon Suites, Eat'n Park, CosmoPro, The Salon Professional Academy (with over 3,000 students), and Big Lots. Tenant improvement allowances are available depending on lease terms. This is a unique opportunity to establish a presence in a thriving Altoona retail market. The shared traffic signal provides excellent access, and the property's location within a busy shopping district ensures high foot traffic and visibility.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $88,506,728
    Hospitality
    $81,071,688
    Educational
    $67,450,688
    Medical
    $69,770,424
    Retail
    $104,923,296

Location Insight

City
Altoona
County
Blair
State
Pennsylvania
Latitude
40.4679
Longitude
-78.4048
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
$54,728
$1,581,000
$2,352,800
$3,933,800
-
$1,581,000
$2,352,800
$3,933,800

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