1331 12th Ave | Altoona, PA 16601
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- LoopNet Team
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
| Parcel Number | 01-02162330 | Improvements Assessment | $1,483,204 |
| Land Assessment | $297,560 | Total Assessment | $1,780,764 |
PROPERTY TAXES
Parcel Number
01-02162330
Land Assessment
$297,560
Improvements Assessment
$1,483,204
Total Assessment
$1,780,764
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