Sheraton Dr

Property Details

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Project Description

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Approximate 45 +/- acres of land for sale in Altoona, PA off of the I-99 and Plank Rd. interchange. Conveniently located in the market with access to a traffic light at Sheraton Dr and Plank Rd. No zoning permits development of any type of use if approved by the township. Great location for retail, shopping center, medical/professional office, business park, hospital, multifamily, casino, hotel, assisted living facility, and retirement community.

Location Description:

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The property is located in the main commercial/retail corridor of Altoona on the southwest corner of the I-99 and Plank Rd interchange. It is accessed by Sheraton Dr at a major lighted intersection on Plank Rd. Target, Petco, Sportsman’s Warehouse, Dunkin Donuts, Chick-fil-A, and Outback Steakhouse are all located at the intersection. Other retails in the immediate area include TJ Maxx, Walmart, Sam’s Club, and Primanti Brothers. Just on the other side of I-99 is the Logan Valley Mall anchored by Macy’s and JC Penney’s. Starbucks, Red Robin, Hobby Lobby, Longhorn Steakhouse, Panda Express, Sleep Number, and Cracker Barrel are all located within a quarter of a mile from the site. Traffic at the Plank Rd and Sheraton Dr intersection is over 30,000 cars per day.

Trade Area Description:

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Altoona is located in Blair County less than an hour southwest of State College, PA. It is halfway between the state capitol of Harrisburg and Pittsburgh. I-99 is a major interstate highway that runs north and south through the area. I-99 connects to the PA Turnpike just south of Altoona and runs up to State College and I-80. There are approximately 101,338 people that live within 10 miles with an average household income of $76,338. The Altoona market pulls travelers from up to 20 miles away to do their shopping. There has been an increase in retail and commercial growth in the area with Panda Express, Sleep Number, Urban Air, and Starbucks opening in the past few years. The next nearest Target is 35 miles away in State College.

Property Location:

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