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Lumax Building 301 Chestnut Ave

140,000 SF Industrial Building Altoona, PA 16601 £2,741,550 (£20/SF)

Investment Highlights

  • 140,000 Square feet
  • 15,000 cars a day
  • Rail Access

Executive Summary

## Prime Commercial/Industrial Property at 301 Chestnut Avenue, Altoona, PA
Discover the exceptional opportunity at 301 Chestnut Avenue, Altoona, PA – a massive 140,000 square foot commercial/industrial property, perfectly suited for your business needs. With its strategic location and versatile features, this property is designed to elevate your operations and maximize efficiency.
### Key Features:
**Expansive Space:**
- This vast 140,000 square foot facility offers ample space for manufacturing, warehousing, or other commercial uses. The open layout ensures flexibility to customize the space to meet your specific business requirements.
**Dock Height Doors:**
- Equipped with four dock height doors, the property facilitates smooth and efficient loading and unloading operations. Whether you're handling large shipments or daily deliveries, these docks streamline your logistics.
**Railroad Access:**
- Enhance your supply chain capabilities with direct railroad access. This unique feature provides an additional transportation option, reducing costs and increasing the speed of your distribution.
**High Traffic Corridor Location:**
- Situated on a bustling high traffic corridor with over 15,000 vehicles per day on average, this property benefits from excellent visibility and accessibility. The prime location ensures easy access for employees, clients, and suppliers, making it a convenient and strategic choice for your business.
**Versatile Usage:**
- Ideal for a range of commercial and industrial applications, this property is a blank canvas ready to support your business growth. From manufacturing and distribution to storage and beyond, the possibilities are endless.
### Investment Potential:
301 Chestnut Avenue is not just a property; it's an investment in your business's future. With its expansive space, strategic location, and comprehensive features, this facility is poised to support and enhance your operations for years to come. Don't miss out on this prime opportunity to elevate your business in Altoona, PA.

Property Facts

Price £2,741,550
Price Per SF £20
Sale Type Investment or Owner User
Property Type Industrial
Property Subtype
Manufacturing
  • Industrial Distribution
  • Industrial Warehouse
  • Industrial Service
Building Class C
Lot Size 7.06 AC
Rentable Building Area 140,000 SF
Number of Floors 1
Year Built 1900
Tenancy Single
No. Dock-High Doors/Loading 4
Level Access Doors 3
Opportunity Zone Yes

Utilities

  • Lighting
  • Gas - Natural
  • Water - City
  • Sewer - City
  • Heating

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
01-04072510
Land Assessment
£493,087
Improvements Assessment
£1,622,371
Total Assessment
£2,115,458

zoning

Zoning Code General Industrial (This zoning classification typically allows for a variety of industrial uses, including manufacturing, warehousing, and distribution.)
General Industrial (This zoning classification typically allows for a variety of industrial uses, including manufacturing, warehousing, and distribution.)
  • Listing ID: 32405681

  • Date on Market: 10/07/2024

  • Last Updated:

  • Address: 301 Chestnut Ave, Altoona, PA 16601

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