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1331 12th Ave
Altoona, PA 16601

The Gables Building · Office Property For Sale

Investment Highlights

  • Value-add investment opportunity with strong existing rent roll and vacancy to redevelop for additional revenue.
  • Possible Historic Tax Credits available upon completion of RCAP “Daylighting” program.
  • Commuter tenants and clients will benefit from multiple surrounding public bus line outlets.
  • Existing $3 million Regional Assistance Capital Program grant (RCAP).
  • The M & T Financial Building has a multi-story parking garage that contains 200 covered parking spaces.
  • 1331 12th Avenue contains space build-outs perfect for standard office or office medical tenants.

PROPERTY FACTS

Property Type
Office
Property Subtype
Office/Residential
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

PROPERTY TAXES

Parcel Number
01-02162330
Land Assessment
$207,200
Improvements Assessment
$1,032,800
Total Assessment
$1,240,000
  • Listing ID: 23444736

  • Date on Market: 6/17/2021

  • Last Updated:

  • Address: 1331 12th Ave, Altoona, PA 16601

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