Johnstown Plaza | 13% Cap Rate, 13K SF Lease-Up Upside

Starting Bid $1,500,000

RealINSIGHT Marketplace, in partnership with Friedman Real Estate, is pleased to present a Planet Fitness, Veterans Affairs Clinic, and Park Home Furniture anchored retail property located in Johnstown, Pennsylvania. The asset totals approximately 117,000 square feet on 12.77 acres and is currently 89% occupied, with 104,000 square feet leased and 13,000 square feet available for lease-up. The property generates more than $614,000 of in-place net operating income, anchored by a durable mix of national and regional tenants spanning fitness, healthcare, and furniture retail uses. Planet Fitness and the Veterans Affairs Clinic provide strong, traffic-generating national and credit tenancy, while Park Home Furniture is a long-standing regional operator serving the surrounding trade area. The remaining 13,000 square feet of vacancy offers investors a clear path to increase cash flow through lease-up. Positioned adjacent to The Johnstown Galleria retail node and near the interchange of U.S. Route 219 and PA Route 56, the property benefits from strong regional access and a well-established retail trade area, creating a compelling opportunity for investors seeking a cash-flowing asset with upside.

117,000 SF Retail Center, 89% Occupied: Planet Fitness, VA Clinic, and Park Home Furniture anchor roughly 104,000 SF of leased space.

$614,000+ of Durable In-Place Income: Tenant mix spans fitness, healthcare, and furniture retail categories across the property.

13,000 SF Vacancy Offers Clear Upside: Remaining leasable space gives investors a clear path to meaningfully increase cash flow here.

Adjacent to the Johnstown Galleria Node: Route 219 and PA Route 56 interchange access anchors a well-established regional trade area.

Auctioneer: Lamar P. Fisher

Auctioneer License: AU005925

Auctioneer Company: Fisher Auction Company Inc.