1201 Blair StHollidaysburg, PA 16648

Property Details for 1201 Blair St

Year built

1957

Lot size

0.43 AC

Property size (Sq ft)

14,490 SF

Property type

Other commercial real estate

APN

11.04-08..-010.01-000

APU

11040801001000

Description

This exceptional investment opportunity presents a fee-simple, 7,124 square-foot Rite Aid pharmacy in Hollidaysburg, Pennsylvania. Located at 1201 Blair St, 16648, this Class B, single-tenant property boasts a strong 6.00% cap rate and a substantial NOI of $76,000. The building, constructed in 1984, features a convenient drive-thru and ample parking (20+ spaces). With 100% occupancy and a lease featuring rent bumps, this freestanding building offers significant long-term potential. The property benefits from a prime location with 132 feet of frontage on Blair Street and enjoys a zero-competition radius for drugstores. Rite Aid has operated at this location since 2014, demonstrating a proven track record of success. The asking price is $1,266,000, translating to $177.71 per square foot. This represents a below-market rent, providing a substantial cushion for long-term occupancy and the potential for increased rental income in the future. This is a rare chance to acquire a high-performing, net-leased asset in a thriving market.

• Alternative Use

  Use

  Valuation

  Residential

  $3,538,618

  Hospitality

  $3,241,355

  Educational

  $2,696,770

  Medical

  $2,789,516

  Retail

  $4,194,974

Location Insight

City

Hollidaysburg

County

Blair

State

Pennsylvania

Latitude

40.4307

Longitude

-78.383

CBSA code

11020

CBSA name

ALTOONA, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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