3225 Pleasant Valley BlvdAltoona, PA 16602

Property Details for 3225 Pleasant Valley Blvd

Lot size

0.46 AC

Property type

Other commercial real estate

APN

01.14-48..-003.00-000

APU

1144800300000

Description

This exceptional investment opportunity presents an 8,000-square-foot retail storefront located at 3225 Pleasant Valley Blvd, Altoona, PA 16602. Currently 100% occupied by AT&T under a triple net (NNN) lease, this property boasts a strong history of tenancy, with the current lease commencing October 31, 1996, and expiring October 31, 2026. The remaining lease term is approximately 1.9 years, with a one-year lease option available, increasing the annual net operating income (NOI) to $102,060. The property offers excellent visibility and accessibility, situated on a boulevard with ample parking and convenient turning lanes. The asking price is $1,250,000, representing a compelling cap rate of 7.78% based on the current NOI of $97,200. This represents a price per square foot of $156.25. The property's long-term tenant history and prime location make it an attractive investment for discerning buyers seeking a stable, high-yield retail asset in Blair County, Pennsylvania. The property is a single-tenant building.

• Alternative Use

  Use

  Valuation

  Residential

  $4,893,501

  Hospitality

  $4,482,420

  Educational

  $3,729,322

  Medical

  $3,857,578

  Retail

  $5,801,166

Location Insight

City

Altoona

County

Blair

State

Pennsylvania

Latitude

40.4851

Longitude

-78.3997

CBSA code

11020

CBSA name

ALTOONA, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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