1331 12th Ave | Altoona, PA 16601
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- LoopNet Team
1331 12th Ave
Altoona, PA 16601
M&T Bank Building and Garage – 155,054 SF · Office Property For Sale
Investment Highlights
- AUCTION MARCH 22-24, 2021 | STARTING BID $300,000 | 155,054 SF
- CBD location adjacent to Penn State Altoona and vibrant downtown core
- Strong 2020 demographics with population of ±95,973 and average HH Income of ±$66,252 (5-mile radius)
- 155,054 SF office building and three floor parking deck with 200 spaces
- Existing $3 million transferable Regional Assistance Capital Program grant (RACP) | Potential Historic Tax Credits available
- Modern construction with six elevators and wet sprinklers throughout | Immediate highway accessibility via I-99 and State Route 22
PROPERTY FACTS
Property Type
Office
Property Subtype
Building Size
155,054 SF
Building Class
C
Year Built/Renovated
1892/1980
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
38,764 SF
Slab To Slab
15’
Building FAR
2.24
Lot Size
1.59 AC
Zoning
Commercial - Central Business
Parking
200 Spaces (1.29 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Commuter Rail
- Signage
- Basement
- Central Heating
- Direct Elevator Exposure
- Open-Plan
- Drop Ceiling
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 01-02162330 | Improvements Assessment | $1,032,800 |
| Land Assessment | $207,200 | Total Assessment | $1,240,000 |
PROPERTY TAXES
Parcel Number
01-02162330
Land Assessment
$207,200
Improvements Assessment
$1,032,800
Total Assessment
$1,240,000
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