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
A one of a kind offering in the heart of downtown State College. Provides an array of business and investment opportunities. This two-story condo features 4,400 Sq/ft per floor. The first floor hosts an open floor plan that is expansive and in excellent condition. The second floor presents even more possibilities. Currently laid out with traditional offices, all partitioned walls could be removed to create a second open floor plan. The second floor could be utilized and converted into residential units, making this an ideal renovation investment opportunity. Great space for Hospitality, Retail, Offices, Child Care, Gym or Health Services. ADA bathrooms, direct elevator access, plus 14 private parking spaces are included. This diverse space has multiple possibilities making the property very attractive. Located steps from parks, shopping, restaurants, and all things Penn State.
1,500 ft² $13.00/ft²/year, $19,500.00/year $1,625.00/month Landlord will contribute up to $30,000 of buildout cost/ with acceptable 5 year lease. Discover the perfect location for your business at 611 University Dr, where four 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, gas heat, sewer, and water. Tenant responsible for electric, phone, internet, and interior janitorial service.
2,160 ft² $16.00/ft²/year, $34,560.00/year $1.50/ft²/mo $2,880.00/mo Discover the perfect location for your business at 611 University Dr, where four 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, gas heat, sewer, and water. Tenant responsible for electric, phone, internet, and interior janitorial service.
1,450 ft² $15.00/ft²/year, $21,750.00/year $1,812.50/month Landlord will contribute up to $30,000 of buildout cost/ with acceptable 5 year lease. Discover the perfect location for your business at 611 University Dr, where four 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, gas heat, sewer, and water. Tenant responsible for electric, phone, internet, and interior janitorial service.
2,390 ft² $13.00/ft²/year, $31,070.00/year $2589.17/mo Landlord will contribute up to $50,000 of buildout cost/ with acceptable 5 year lease. Discover the perfect location for your business at 611 University Dr, where four 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, gas heat, sewer, and water. Tenant responsible for electric, phone, internet, and interior janitorial service.
Modern office.? Multiple private offices.? Kitchenette.? Downtown. Covered access to parking garage. Second floor.
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.
