Log In/Sign Up
Your email has been sent.
GSA, State Credit, and Local Tenant-Occupied 319 Washington St 151,919 SF 30% Leased Office Building Online Auction Sale Johnstown, PA 15901
Matterport 3D Tours
Investment Highlights
- Penn Traffic Building is a 151,919-square-foot, five-story, multi-tenant building constructed in 1934 and converted into offices in 1977.
- Provides investors the chance to purchase at a significant discount, with a substantial value-add through strategic long-term leasing strategies.
- Proximity to Duke LifePoint Conemaugh Memorial Medical Center, Concurrent Technologies Corporation, and the CPV Fairview and Conemaugh Power Plants.
- Located in the heart of Downtown Johnstown, Pennsylvania, overlooking the Little Conemaugh River and just 60 miles east of Pittsburgh.
- Cambria County offers convenient access to major markets, while the property sits along the PA Main Line Canal near Johnstown's Amtrak Station.
- Absolute auction | Starting bid $1.
Executive Summary
JLL is pleased to present the Penn Traffic Building located at 319 Washington Avenue, Johnstown, Pennsylvania. Long-term government tenants for in-place cash flow, coupled with the building’s spacious design and access, make this property an ideal investment opportunity.
Constructed in the early 1900s and previously occupied by the Penn Traffic Company, the 151,919-square-foot office building is ideally located in Downtown Johnstown within walking distance to numerous nearby retailers and Amtrak’s Johnstown Station. The Penn Traffic Building, built in 1934, was home to one of Johnstown's major department stores and was converted into offices in 1977.
The building offers a professional work environment with abundant natural lighting and flexible floor plates spanning 37,130 square feet, appealing to a variety of established, professional users. The building offers 24/7 access with a modern card access system for easy entry and enhanced security. There are multiple security cameras around the perimeter of the building that record 24 hours a day and are controlled by Homeland Security. The site includes approximately 115 surface and 51 structured parking spaces, enhancing accessibility.
The property is leased to a unique mix of GSA, state credit, and local tenants. Primarily anchored by GSA tenants, including the Federal Court, IRS, and the Commonwealth of Pennsylvania, the Penn Traffic Building is complemented by a mix of professional office users with staggered lease expirations and options. It offers the opportunity to add value through a lease-up, while the site serves as an irreplaceable location for future repositioning.
The Penn Traffic Building is well located in Cambria County within the Altoona/Johnstown submarket and conveniently off Route 56, within walking distance of a variety of attractions, such as the World's Steepest Incline, the 1st Summit Arena at Cambria County War Memorial, and the Frank J. Pasquerilla Conference Center.
Stabilizing the property will allow investors to enjoy increased cash flow and significant capital appreciation upon future disposition. Additionally, current market rents are unfavorable to new construction, creating significant barriers to entry.
Property tours are by appointment only. Please contact the listing broker to schedule.
Constructed in the early 1900s and previously occupied by the Penn Traffic Company, the 151,919-square-foot office building is ideally located in Downtown Johnstown within walking distance to numerous nearby retailers and Amtrak’s Johnstown Station. The Penn Traffic Building, built in 1934, was home to one of Johnstown's major department stores and was converted into offices in 1977.
The building offers a professional work environment with abundant natural lighting and flexible floor plates spanning 37,130 square feet, appealing to a variety of established, professional users. The building offers 24/7 access with a modern card access system for easy entry and enhanced security. There are multiple security cameras around the perimeter of the building that record 24 hours a day and are controlled by Homeland Security. The site includes approximately 115 surface and 51 structured parking spaces, enhancing accessibility.
The property is leased to a unique mix of GSA, state credit, and local tenants. Primarily anchored by GSA tenants, including the Federal Court, IRS, and the Commonwealth of Pennsylvania, the Penn Traffic Building is complemented by a mix of professional office users with staggered lease expirations and options. It offers the opportunity to add value through a lease-up, while the site serves as an irreplaceable location for future repositioning.
The Penn Traffic Building is well located in Cambria County within the Altoona/Johnstown submarket and conveniently off Route 56, within walking distance of a variety of attractions, such as the World's Steepest Incline, the 1st Summit Arena at Cambria County War Memorial, and the Frank J. Pasquerilla Conference Center.
Stabilizing the property will allow investors to enjoy increased cash flow and significant capital appreciation upon future disposition. Additionally, current market rents are unfavorable to new construction, creating significant barriers to entry.
Property tours are by appointment only. Please contact the listing broker to schedule.
Matterport 3D Tours
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tours
Photos
Street View
Street
Map
Data Room Click Here to Access
- Operating and Financial Statements
- Purchase Agreement
- Title & Insurance
- Miscellaneous
- Third Party Reports
Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Office
Building Size
151,919 SF
Building Class
B
Year Built/Renovated
1934/2004
Percent Leased
30%
Tenancy
Multiple
Building Height
5 Stories
Typical Floor Size
30,384 SF
Slab To Slab
15’
Building FAR
1.71
Lot Size
2.04 AC
Opportunity Zone
Yes
Parcel Number
072-000297
Zoning
C-2 - Community Business District
Parking
154 Spaces (1.01 Spaces per 1,000 SF Leased)
Fairly walkable
50/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Demographics
Demographics
1 mile
3 mile
5 mile
2025 Population
6,308
43,311
58,616
2020 Population
5,281
41,320
57,846
2030 Population
6,494
43,410
58,302
2025-2030 Projected Population Growth
3.0%
0.2%
-0.5%
Daytime Employees
6,915
17,787
24,201
Total Businesses
826
2,333
3,027
Average Household Income
$51,410
$65,968
$74,079
Median Household Income
$32,731
$45,884
$50,414
Total Consumer Spending
$62.2M
$476.6M
$682.9M
Median Age
47.8
45.7
46.7
2025 Households
3,115
19,855
26,596
Percent College Degree or Above
13%
14%
15%
Average Home Value
$127,671
$120,169
$142,298
$ values in USD
Sale Advisor
Sale Advisor
Ross Langford
Mr. Langford specializes in the acquisitions and disposition services of net leased assets, 1031 advisory, equity placement, and transactional management to both the institutional and private capital markets.
Prior to joining Lee & Associates, Mr. Langford was an associate of CBRE’s Pittsburgh Capital Markets investment sales platform. Mr. Langford joined CBRE in 2019 and graduated from CBRE’s Capital Market Associate Program, where he focused on growing small-to-mid capital markets retail investment sales across the Midwest. Mr. Langford provided real estate investment services in over $500+ million worth of transactions and was a top associate producer throughout the Mid-West region during his tenure.
Prior to his previous role, Ross gained experience as a Quantitative Data Analyst at BNY Mellon and as a CRM Coordinator/Financial analyst with Revcyclematch.com.
Prior to joining Lee & Associates, Mr. Langford was an associate of CBRE’s Pittsburgh Capital Markets investment sales platform. Mr. Langford joined CBRE in 2019 and graduated from CBRE’s Capital Market Associate Program, where he focused on growing small-to-mid capital markets retail investment sales across the Midwest. Mr. Langford provided real estate investment services in over $500+ million worth of transactions and was a top associate producer throughout the Mid-West region during his tenure.
Prior to his previous role, Ross gained experience as a Quantitative Data Analyst at BNY Mellon and as a CRM Coordinator/Financial analyst with Revcyclematch.com.
About the Auction Technology
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
Read More
Auction Contact
Casey Harrell
Contact
Auctioneer License:
Ten-X Arlene Richardson RE Broker RB068364. Ten-X Commercial Auction Firm AY002443, Auctioneer Arlene Richardson AU006275
1 of 43
Videos
Matterport 3D Exterior
Matterport 3D Tours
Photos
Street View
Street
Map
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000 USD
Maximum Transaction Fee
$300,000 USD
Example Calculation
Winning Bid Amount
$5,000,000 USD
Transaction Fee
$150,000 USD (3%)
Total Purchase Price
$5,150,000 USD
Presented by
GSA, State Credit, and Local Tenant-Occupied | 319 Washington St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Presented by
GSA, State Credit, and Local Tenant-Occupied | 319 Washington St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.