415 Orchard Ave | Altoona, PA 16601
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- LoopNet Team
415 Orchard Ave
Altoona, PA 16601
Orchard Plaza · Retail Property For Sale
Investment Highlights
- 81% occupied center at the heart of a major commercial corridor in Altoona, PA providing a significant value add opportunity
- 93% of the in-place tenants made up of national and/ or credit tenancy
- Available pad site for future development increases the opportunistic return of the property
- Big Lots (S&P: BBB-, NYSE: BIG, $5.2 B Revenue) in place at a low rent with options and strong history of occupancy provides stability to the center
- Every tenant renewing in the last 3 years has renewed at a higher rental rate, averaging a 10% increase over the previous rate
PROPERTY FACTS
Property Type
Retail
Property Subtype
Storefront
Building Size
83,438 SF
Building Class
C
Year Built
1986
Percent Leased
14%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.23
Lot Size
8.32 AC
Zoning
Commercial - Commercial
Parking
379 Spaces (4.54 Spaces per 1,000 SF Leased)
Frontage
589 FT on Orchard Ln
Amenities
- Pylon Sign
PROPERTY TAXES
| Parcel Number | 14-00041435 | Improvements Assessment | $2,352,800 |
| Land Assessment | $1,581,000 | Total Assessment | $3,933,800 |
PROPERTY TAXES
Parcel Number
14-00041435
Land Assessment
$1,581,000
Improvements Assessment
$2,352,800
Total Assessment
$3,933,800
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