Johnstown Plaza (Johnstown, PA) | Value-Add Retail Center

Starting Bid $2,000,000

Auctioneer: Lamar P. Fisher

Auctioneer Company: Fisher Auction Company Inc.

Auctioneer License: AU005925

• Planet Fitness, Veterans Affairs Clinic, and Park Home Furniture anchored retail property located in Johnstown, Pennsylvania
• Strong National and Credit Tenancy with Planet Fitness and Veterans Affairs Clinic providing durable demand drivers alongside long-term regional furniture operator Park Home Furniture
• ±117,000 SF Multi-Tenant Retail Asset with approximately 104,000 SF occupied and ±13,000 SF available, providing immediate upside through lease-up of the remaining vacancy
• Stable In-Place Cash Flow with more than $600,000 of total in-place net operating income
• Diverse Tenant Mix featuring fitness, healthcare, and furniture uses that serve different customer segments and help reduce reliance on any single retail category
• Adjacent to The Johnstown Galleria Retail Node with nearby traffic drivers including Boscov’s, Home Depot, Lowe’s, Primanti Bros., restaurants, hotels, and other commercial users
• Highly Accessible Regional Retail Location positioned near the interchange of U.S. Route 219 and PA Route 56, providing convenient access from Johnstown and the surrounding regional trade area

Friedman Real Estate, in collaboration with RI Marketplace, is pleased to offer the exclusive marketing and sale of a Planet Fitness, Veterans Affairs Clinic, and Park Home Furniture anchored retail property located in Johnstown, Pennsylvania. The property features a stable in-place income stream, strong national and credit tenancy, and immediate upside through the lease-up of the remaining vacancy.

The property consists of approximately 117,000 square feet on 12.77 acres and is currently 89% occupied. The asset generates more than $600,000 of in-place net operating income and is anchored by Planet Fitness, the Veterans Affairs Clinic, and Park Home Furniture, creating a durable tenant mix across fitness, healthcare, and furniture retail uses.

The tenant profile provides investors with a diversified income stream supported by both national and regional demand drivers. Planet Fitness and the Veterans Affairs Clinic provide strong traffic-generating tenancy, while Park Home Furniture represents a long-term regional operator serving the surrounding trade area. With 104,000 square feet occupied and 13,000 square feet available, the property offers a compelling combination of current cash flow and future upside through additional lease-up.