1873 Old Route 22Duncansville, PA 16635

Property Details for 1873 Old Route 22

Year built

1948

Lot size

2.82 AC

Property size (Sq ft)

3,053 SF

Property type

Investment properties

Property subtype

Live-work space

APN

02.00-10..-023.00-000

APU

2001002300000

Description

This exceptional commercial property in Duncansville, Pennsylvania, presents a unique investment opportunity. Located at 1873 Old Route 22, the 6.95-acre parcel features four significant improvements: a two-story office building, a two-story metal storage warehouse, a metal and concrete block garage/workshop, and four one-story residential rental units. The office building boasts a foyer, reception desk, conference room, breakroom, two restrooms, several private offices, and a large workroom with storage on the main floor. A lower level includes a receptionist station, restroom, garage area, and mechanical room. Mini-splits provide air conditioning. Each of the four rental units comprises a living room, kitchen, two bedrooms, and a bathroom. These units currently generate rental income of $400 per month, plus electricity (which includes heat). Ample parking surrounds all buildings and residential units. The unimproved portion of the land is cleared and could be developed, subject to certain restrictions. The asking price for this multifaceted property is $599,000. Interior photos will be available after April 5th. This property offers a blend of commercial space and rental income potential, making it an attractive investment in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $651,377

  6.5%

  $601,271

  7%

  $558,323

• Comparable approach

  Method

  Valuation

  Relative Method

  $311,825

  Geo Method

  $610,417

• Alternative Use

  Use

  Valuation

  Residential

  $745,576

  Hospitality

  $682,944

  Educational

  $568,201

  Medical

  $587,743

  Retail

  $883,869

Location Insight

City

Duncansville

County

Blair

State

Pennsylvania

Latitude

40.4193

Longitude

-78.4707

CBSA code

11020

CBSA name

ALTOONA, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].