500 W PLANK RD

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500 W PLANK RD

ALTOONA, PA 16602-2802
Asking Price
$1.50M
Asset Type
Bank Retail
Class
Class B

What's Special

High-Visibility Corner Commercial Site | Former Car Lot with Drive-Thru | 37,000+ Vehicles Per Day <ul><li>​Prime corner lot location on heavily traveled W. Plank Road</li><li>​Traffic counts approaching 37,565 vehicles per day</li><li>​Former “Buy Here Pay Here” auto dealership with established commercial presence</li><li>​Approx. 1,612 SF brick commercial building</li><li>​Approx. 21,626 SF paved surface/display area</li><li>​Existing drive-thru window with potential for second lane/window</li><li>​Ideal for QSR, coffee shop, bank, medical, retail, office, or automotive use</li><li>​Large i

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NOI
$80,000
Cap Rate
5.33%
DSCR
0.90
Underwater
Cash-on-Cash
-2.01%
Monthly Payment
$7,421.182
Annual Cash Flow
$-9,054.179

Location & Travel Times