
332 W PLANK RD ALTOONA PA 16602-3016
Prime Plank Road Office Investment | 5,477 SF |
Marketing description
Positioned along Altoona’s highly traveled Plank Road corridor, 332 W Plank Road presents a compelling opportunity for both investors and owner-users seeking visibility, accessibility, and long-term upside.
This 5,477 square foot freestanding commercial building is configured as a two-unit property, offering immediate flexibility. One suite is currently vacant, creating an ideal scenario for an owner-occupant to establish a presence in a high-exposure location while benefiting from income potential in the second unit. For investors, the vacancy provides a clear value-add opportunity through lease-up and income stabilization.
The property sits on approximately 0.46 acres and features a highly desirable on-site parking lot with approximately 24 spaces—an increasingly limited asset along this corridor. The building’s layout and infrastructure support a wide range of uses, including professional office, medical office, service-based businesses, or retail operations.
Constructed in 1970 with durable brick construction and serviced by public utilities, natural gas heat, and central air, the property offers solid fundamentals with functional longevity. Its location along a state road ensures consistent traffic flow, strong signage potential, and ease of access for both employees and customers.
Whether you’re an investor targeting lease-up and yield, or a business owner seeking a prominent location with built-in parking and expansion potential, 332 W Plank Road represents a strategic acquisition in one of Altoona’s most established commercial corridors.
Investment highlights
- Strategic Plank Road Location: Positioned along one of Altoona’s highest-traffic commercial corridors with excellent visibility and accessibility
- 5,477 SF Freestanding Building: Well-maintained brick construction offering long-term durability
- Two-Unit Layout: One unit occupied, one vacant—ideal for owner-user or value-add investor
- Immediate Upside Potential: Lease vacant unit to increase cash flow or occupy and offset expenses
- Ample Parking (±24 Spaces): Rare parking ratio for the corridor—supports medical, office, or retail uses
- Flexible Zoning / Use Potential: Suitable for professional office, medical, service retail, or mixed-use tenancy
- Strong Fundamentals: Public utilities, natural gas heat, central air, and paved access on a state road
- Below Replacement Cost Basis: Offered at ~$164/SF with existing infrastructure and parking already in place
- 1031 Exchange Eligible: Ideal for exchange buyers seeking stable corridor investment with upside
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