200 Elmwood Street offers a rare turnkey mixed-use investment opportunity in highly desirable College Township just minutes from Penn State University, Downtown State College, Route 322, and I-99. The property features a long-established veterinary practice operating under a triple net lease and a recently upgraded 3-bedroom, 1-bath residential apartment, creating multiple income streams The veterinary practice occupies approximately 5,905 SF across two floors and recently expanded into former garage/storage space. Over the past year, the practice completed extensive renovations and improvements to the facility, including additional veterinary space and upgrades throughout the property. The residential apartment encompasses approximately 1,674 SF and has also been recently renovated. Positioned on approximately 1.30 acres with excellent visibility and approximately 25 parking spaces, the property is zoned Gateway Commercial (GC), allowing for a wide variety of future commercial uses and long-term flexibility. With approximately 7,579 SF total, strong accessibility, established tenancy, and a highly desirable location, this property presents an exceptional investment opportunity in the State College market.
Prime Location, Prime Development Opportunity! Unlock the potential to develop over half an acre (.58 AC) on the highly traveled West College Avenue. Strategically positioned just one mile from the heart of Penn State's campus, this high-visibility location offers unmatched possibilities for office, retail, or mixed-use investment.
Medical Office Space for Lease – State College Borough Now available: well-appointed medical office suites designed to meet the needs of healthcare professionals. Each unit offers abundant natural light and a private window, creating a comfortable and welcoming environment for patients and staff alike. The facility is fully ADA-compliant and completely step-free, ensuring easy accessibility throughout the building and individual offices. Many suites are equipped with private sinks for added convenience. Located on the main level for maximum accessibility, the property provides ample on-site parking. This is an exceptional opportunity to establish or relocate your practice in a professional, accessible, and centrally located medical setting within State College Borough. Call for details then schedule your private tour today.
Turnkey student rental investment steps from Penn State University. R3H-zoned 3-unit home rented under a single lease, currently 5 bedrooms/3 full baths/3 kitchens, presently occupied by 8 with permits on file for up to 13 — offering built-in upside for a new owner. Zero vacancy history; same tenant group (Penn State Snowboard Club) in place 4 years running, with plans to continue occupancy and they expect annual rent increases. Recent updates include remodeled kitchens and bathrooms, new deck, and all-new water heaters. Excellent opportunity for investors seeking a stabilized, income-producing property in a high-demand rental market. Permits, rent roll, and financials available upon request. Cash flow and cap rate details provided to qualified buyers.
Rare commercial investment and/or redevelopment opportunity in a highly visible State College corridor. This offering includes two adjoining C-1 General Commercial parcels totaling 1 acre with 176 feet of frontage along Benner Pike. The property is improved with two income-producing residential rental homes and 36'x48' detached two bay rented garage, providing immediate cash flow while allowing for future development potential. Conveniently located just minutes from Penn State University, Beaver Stadium, I-99, the Nittany Mall district and Happy Valley Casino. C-1 zoning permits a variety of commercial uses, making this an attractive opportunity for investors, developers, owner-users and business owners seeking a strategic location in one of Centre County’s most active growth corridors. Excellent visibility, strong traffic counts and long-term upside make this a unique offering in the State College market.
Exceptional commercial investment and development opportunity just 3 minutes from I-99 (Shiloh Road Exit 76). This highly visible 2-acre property is strategically positioned on Benner Pike between Sheetz and Tractor Supply, offering outstanding exposure, easy access, and strong daily traffic counts in one of the State College region's most active commercial corridors. Zoned General Commercial, the property allows for a wide range of business uses, including automotive services, showrooms, financial institutions, medical offices, veterinary clinics and kennels, daycare facilities, hotels, health clubs, salons and spas, funeral homes, and many other commercial ventures. The existing building, constructed in 1989, is well-maintained and suitable for continued use, renovation, or redevelopment. With a level lot measuring approximately 150' x 560', the site provides flexibility for owner-users, investors, and developers seeking a premier location for expansion. There is an additional 1,800 sq ft in the lower level with 2 walk-out agresses, and windows with 10' ceilings. This level is currently unfinished but has a separate 200 amp electric service and has been pre-plumbed for 6 dental treatment rooms. Also included are 2 uninstalled commercial lot lights and poles for the rear parking lot. An addition to the rear is easy because of the absence of brick veneer like the rest of the building has. Situated in the heart of the rapidly growing State College market and home of Penn State University, this property benefits from the area's continued residential, commercial, and institutional growth. The location is surrounded by established retail, hospitality, and entertainment destinations and backs directly to Best Western Plus University Park Inn & Suites and UEC State College 12. Nearby destinations include: 0.5 miles (3 minutes) to Nittany Mall 0.8 miles (4 minutes) to Walmart Supercenter and Sam's Club 3.4 miles (7 minutes) to Penn State University 4.3 miles (8 minutes) to Mount Nittany Medical Center, Bryce Jordan Center, and Beaver Stadium A tenant is currently in place, with flexibility regarding future occupancy. Whether you're seeking an income-producing asset, a redevelopment opportunity, or the ideal location for your next business venture, this premier commercial property offers exceptional potential in one of Pennsylvania's strongest university-centered markets. Your vision is the only limit to what this strategic location can become.
Owner will consider strong LEASE offerings. Build or expand your business in State College, home to Penn State University, with this premiere location marketing your brand and your products or services to all consumers.? 1669 N Atherton St is a 2500 sq ft building with 2 bathrooms on a .36 acre lot with 18 parking spaces and two curb cuts. Street frontage is approximately 150 feet (survey available). It sits in front of Walmart and adjoins the Walmart parking lot with a stairway at the rear of the property (not on this lot and currently undergoing repair). A center ?turn lane on North Atherton allows entry for cars traveling in either direction. Per Patton Township, this building was built in 1974; per Listing Agent measurements, the exterior of the building is 61' x 41'. Buyer should verify all details. ?Real estate only being sold; building is now vacant.
A rare opportunity that presents numerous options for either Investment purposes or an Owner Operator. The 2.31 acres is host to four commercial buildings. This includes a fully leased 4000 sq/ft building, fully leased 4400 sq/ft building, 4000 sq/ft storage container building hosting 30 units, and a newly constructed, vacant, 7000 sq/ft structure which is ideal for warehouse, light manufacturing, gym, etc. The property also comes with three 8 X 40 storage containers, which are currently leased. Financials available with an executed NDA.
This commercially zoned property has great potential for development or use as is. Can be purchased with lot next-door for a larger footprint. Open area for multiple desks. Fireplace in open area, not used by owners. Ample parking. Can be purchased with property next door for larger parcel. High visibility with 19,000 + cars passing daily. North Atherton corridor has Wegman's, Target and Trader Joes plus several parcels under development. No access from N Hills Place is available.
Currently used as a residential rental, this commercially zoned property can be used as is or developed. Parcel next door is also for sale. Terrific location with 19,000 + cars passing daily with high visibility. The North Atherton corridor has Wegman's, Trader Joe's, Target and more. Multiple development projects going on in the area which makes this a terrific opportunity for your business. No access from N Hills Place is available.
This commercially zoned property has great potential for development or use as is. Can be purchased with lot next-door for a larger footprint. Open area for multiple desks. Fireplace in open area, not used by owners. Ample parking. Can be purchased with property next door for larger parcel. High visibility with 19,000 + cars passing daily. North Atherton corridor has Wegman's, Target and Trader Joes plus several parcels under development. No access from N Hills Place is available.
Southside Commons is an updated townhouse community comprised of 25 units – All 2- or 3-bedroom units. If you are looking to invest in off-campus housing just outside of PSU’s main campus but still close enough to all of the shopping and recreation, look NO further! Southside Commons is nestled in a quiet neighborhood of State College, providing a peaceful experience for students, graduates, and professionals who want to live a little outside downtown and have furnished or unfurnished rental options. All Southside Commons townhomes are located directly on the CATA bus route, close to the YMCA of State College, Westerly Parkway Plaza, Orchard Park, and are an easy commute to downtown and PSU main campus. The community features green space and 35 parking spaces. Please request an NDA from the listing agent for financial details and more information.
This exceptional commercial property, was originally built by HRB in the late 1950's and early 1960's. This complex comprises four interconnected buildings, designed by Hajjar Architecture and sits on two parcels totaling 15.77+/- acres, providing ample parking for employees and visitors. The acreage includes over 4 acres of land for future development, that includes an already in-place Easement Agreement that permits the construction of a paved road to tie in the existing parking lot at 301 Science Park Road, to the traffic light at 225 Science Park Rd. The current owners undertook extensive renovations beginning in 2010, stripping the interior down to it's concrete, brick, and steel structural elements. The comprehensive rebuild incorporated modern building standards throughout, including new insulation, windows, electrical systems, HVAC, and select façade updates. Recent capital improvements include a newly installed fire alarm system, two replacement elevators, upgraded rubber roofing, and parking lot resurfacing. With fourteen established tenants, this investment property offers built-in diversification to help ensure income stability during vacancy periods.
For Sale: Commercial Office Condo – Prime Location in the Southwood Office Centre! Looking for the perfect investment property? The property is currently leased. Currently leased through December 2027. Easily accessible off South Atherton Street, providing high visibility and convenience for clients and employees alike. The tenant is responsible for all condo expenses, including utilities, real estate taxes, insurance, and monthly condo association fees, making this a true NNN-style investment with minimal landlord obligations. The lease also provides one remaining two-year renewal option, extending upside and stability for the next owner. Investment Highlights: In-place lease through December 2027 Current rent: $1,255.54/month Tenant pays all expenses: utilities, taxes, insurance, and condo fees One (1) two-year renewal option remaining Great Year 1 cash-on-cash return Low-maintenance, passive investment
2,390 ft² $13.00/ft²/year, $31,070.00/year $2589.17/mo Discover the perfect location for your business at 611 University Dr, where premium office spaces are now available for lease. Previously utilized as medical offices, these spaces offer a versatile environment suitable for a variety of professional needs. Competitively priced, providing an affordable solution in a prime location. The building boasts high visibility and ample parking, ensuring convenience for both your staff and clients. Situated near the heart of downtown, with easy access to sidewalks, bike paths, and bus routes, the 611 University Dr building is an ideal setting that promises growth and opportunity for your business. Seize the chance to establish your presence in a bustling area that’s easily accessible and highly sought after. Landlord covers taxes, insurance, common area, sewer, and water. Tenant responsible for electric, phone, internet, and interior janitorial service.
Vacant office space including 3806 square feet for lease at $18/sq ft. Located in a prime visible location off of Science Park Road.
Introducing a prime opportunity for investors and healthcare/office professionals alike. This expansive medical office space, spanning over 9,000 square feet, is located in a highly desirable area offering convenience, visibility and accessibility. The office space was meticulously designed by Roeshot and is currently built out as a dental office with 30 dedicated parking spaces. The front 5,396 square feet space is currently leased to a reputable dental office, presenting a turnkey investment opportunity with a reliable tenant in place. The remaining 3,806 square feet back space with private entrance is vacant and ready to lease. This well-maintained property is equipped to meet the needs of various medical/office practices, making it an ideal investment for those looking to expand or establish their presence. The established lease with a dental office adds immediate value, offering a steady income stream. Don't miss out on the chance to own a spacious and strategically located medical office space with a strong tenant in place. Seize this opportunity to invest in a property that combines size, location, and income potential.
Modern office.? Multiple private offices.? Kitchenette.? Downtown. Covered access to parking garage. Second floor.
OPEN HOUSE Friday, August 7th, 4:00-6:00. Come tour these spaces and learn the advantages of this premiere location on busy South Atherton St. Suite sizes vary from approximately 1200 sq ft to as large as 3000 sq ft when combining two adjacent spaces. Suite 1, the end cap: Price is $25/per ($3,521/month) plus NNN costs currently $4.70/sq ft for 1690 sq ft for this commercial lease space. This clean, wide open space in a nicely kept shopping plaza has many uses. A large parking lot and ample signage along busy South Atherton St makes it an easy place to visit and easy to advertise your business. This space has a large wall of windows, a separate office already in the rear, a bathroom, and a storage area. At the end of the building, it anchors one side while Talbots anchors the other side. Thriving businesses here include Papa Johns, Lychee Buffet, and Zen Nails. Taxes above are for the entire building. There are additional Suites for lease on the lower level of the building which is accessed by the enclosed stairway. These are on the back side of the building with their own parking lot. Currently only Suite 14 and 15 are available at $15/sq ft NNN. Suite 14 is 1,671 sq ft and Suite 15 is 1,308 sq ft. These suites could easily be combined for a total of almost 3000 sq ft. There are 44 parking spots in the front of the building and 62 in the rear.
State College is located in Pennsylvania. State College, Pennsylvania has a population of 40,352. State College is more family-centric than the surrounding county with 31.73% of the households containing married families with children. The county average for households married with children is 30.96%.
The median household income in State College, Pennsylvania is $43,015. The median household income for the surrounding county is $64,995 compared to the national median of $69,021. The median age of people living in State College is 21.5 years.
The average high temperature in July is 82.2 degrees, with an average low temperature in January of 17 degrees. The average rainfall is approximately 41.2 inches per year, with 44.5 inches of snow per year.
