High Tech Rd State College, PA 16803

This 15.70-acre property has an approved Land Development Plan (LDP) for 146 residential townhomes and approximately 60,000 square feet of commercial space, known as the Cascade. The property is located at the end of High Tech Road, near the State College Regional Airport, just north of downtown State College, home to Pennsylvania State University's main campus, University Park, with nearly 50,000 students. The property is approximately 4.5 miles from Beaver Stadium, which has a seating capacity of over 106,000 and hosts PSU Nittany Lions Football games and music concerts. The State College multi-family market has a low vacancy rate of 2.2% as of the end of Quarter 4, 2024, with a twelve-month growth in asking rent of 2.4%. The multi-family market covers approximately 4,900 units with no substantial current construction scheduled. State College, Pennsylvania, is located in Central PA, 90 miles northwest of Harrisburg, PA. The town is home to the main campus of Pennsylvania State, one of the ten largest public universities in the United States. The university is also the area's largest employer. Additional industries include health care, retail, hospitality services, construction, and government. The property is located 5 miles from PSU Main Campus.