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Johnstown Retail 600 Galleria Dr 116,542 SF 100% Leased Retail Building Johnstown, PA 15904 For Sale
Investment Highlights
- Anchored by Planet Fitness, Veterans Affairs Clinic, and Park Home Furniture delivering cross-category demand.
- Strong in-place cash flow supported by approximately $600,000 of annual net operating income.
- Excellent highway access near U.S. Route 219 and PA Route 56, enhancing consumer reach for tenants.
- ±117,000 SF retail asset with ±104,000 SF occupied and ±13,000 SF available for immediate leasing upside.
- Positioned at a regional retail hub near Johnstown Galleria, Home Depot, Lowe’s, and Boscov’s.
- Located in a high-density retail corridor with surrounding hotels, restaurants, and lifestyle amenities.
Executive Summary
Johnstown Plaza presents a unique investment opportunity within a highly visible and well-trafficked retail corridor in Johnstown, Pennsylvania. Anchored by Planet Fitness, U.S. Department of Veterans Affairs Clinic, and Park Home Furniture, the center delivers a stable tenant mix with diverse income streams across fitness, healthcare, and home furnishing sectors. The property spans approximately 117,000 square feet, with the majority leased and an attractive ±13,000 square-foot vacancy offering upside potential.
Situated adjacent to the Johnstown Galleria Regional Node, the plaza benefits from significant consumer traffic driven by major retailers such as Lowe’s, Home Depot, and Boscov’s, as well as a robust lineup of national and regional brands in the surrounding area. The location provides strong connectivity via U.S. Route 219 and PA Route 56, enabling convenient access for both local and regional customers. With in-place net operating income exceeding $600,000 annually, steady cash flow, and residual lease-up potential, Johnstown Plaza is a compelling asset for investors seeking reliable revenue and long-term value growth.
Situated adjacent to the Johnstown Galleria Regional Node, the plaza benefits from significant consumer traffic driven by major retailers such as Lowe’s, Home Depot, and Boscov’s, as well as a robust lineup of national and regional brands in the surrounding area. The location provides strong connectivity via U.S. Route 219 and PA Route 56, enabling convenient access for both local and regional customers. With in-place net operating income exceeding $600,000 annually, steady cash flow, and residual lease-up potential, Johnstown Plaza is a compelling asset for investors seeking reliable revenue and long-term value growth.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
116,542 SF
Building Class
B
Year Built
1993
NOI
$600,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
12.77 AC
Zoning
C2 - Commercial zoning district that allows for a variety of businesses and services within a convenient central location to the community
Parking
321 Spaces (3.1 Spaces per 1,000 SF Leased)
Amenities
- Pylon Sign
- Signage
Somewhat walkable
30/100
Exceptionally drivable
100/100
Not bikeable
10/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 050-116082 | Improvements Assessment | $381,770 |
| Land Assessment | $415,800 | Total Assessment | $797,570 |
Property Taxes
Parcel Number
050-116082
Land Assessment
$415,800
Improvements Assessment
$381,770
Total Assessment
$797,570
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