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    338 West College Ave State College, PA 16801

    For Lease
    Contact for pricing

    Ground floor retail and restaurant space near Penn State.

    Property size:
    3,311 SF
    Lot size:
    0.08 Acres

    Property Features for 338 West College Ave

    General Information

    Size
    3,311 SF
    Lot size
    0.08 Acres

    Source: MSC Retail - Philadelphia Agent Matthew Stein

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail and Restaurant Space Available

    This property offers approximately 11,473 square feet of ground floor retail and restaurant space within a 1,000-bed student housing development. The location provides visibility at a high-traffic intersection in downtown State College, within walking distance of Penn State's main campus, retail tenants, and off-campus student housing. Situated near Penn State University, the area's largest employer with over 40,000 employees and 45,000 students, the property benefits from significant annual spending in the area. The property is new construction and was expected to be delivered in September 2021.
    Location Intelligence

    Current Use by Public Records

    State College Discount ... Portable Toilet Supplier Hard Money Lenders ... Mortgage Broker

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    State College
    County
    Centre
    State
    Pennsylvania
    Longitude
    -77.864777
    Latitude
    40.791809

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    FAQs

    What type of property is this?
    Retail space - Ground floor retail and restaurant space near Penn State.
    Where is this retail space located?
    The property is located at 338 West College Ave State College, PA.
    What are key features of this property?
    This property features: - Located at the highest vehicular intersection in downtown State College, providing fantastic visibility.; - At the doorstep of Penn State University, a major economic driver with 40,000 employees and 45,000 students.; - Benefits from $500M in annual spending by Penn State employees and students.
    (215) 568-2600
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    State College, PA 16801
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    338 West College Ave State College, PA 16801
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