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Retail Space Near Penn State
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501 Benner Pike, State College, PA

Retail opportunities near Penn State and the Nittany Mall.

Space Size16,562 SF
Lot Size9.69 Acres
Days on Market542

Property Features for 501 Benner Pike

General Information

Standard status Active
Size 16,562 SF
Lot size 9.69 Acres
Property subtype RETAIL

Spaces For Lease

at 501 Benner Pike Contact us

501 Benner Pike

Floor
1
Size
16,562 SF
Type
RETAIL
Rate
Contact for pricing
Availability
AVAILABLE, Now
Sublease
No
- Anchor and Junior Anchor Opportunities Available - 85,820 SF GLA Shopping Center...
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Listing Agency: J.C. BAR Properties, Inc.
Listed By: Greg Jones · License #2293073
Source: Moodyscre
Added: Mar 19, 2025 Changed: Aug 16 Last Checked: Sep 11 at 11:03AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of J.C. BAR Properties, Inc.

Investment Insights

Based on property information with market context.

This 85,820 square feet shopping center offers anchor and junior anchor opportunities. The property is located less than 10 minutes from Penn State College, which has over 40,000 students. Current tenants include Taco Bell, Advance Auto Parts, Perkins, and Quaker Steak & Lube. Monument signage is available on Benner Pike. The site benefits from excellent sight lines and direct access from Benner Pike, which sees an average daily traffic count of 13,192 vehicles. The property is located across from the newly redeveloped Nittany Mall, which features a state-of-the-art Bally’s Casino. The location is suitable for a grocer, home improvement store, medical facility, fitness center, or entertainment venue. Available spaces range in size up to 16,562 square feet.

Key Highlights

  • Less than 10‑minutes from Penn State College with over 40,000 students
  • Across from newly redeveloped Nittany Mall with state‑of‑the‑art Bally’s Casino
  • 85,820 SF GLA Shopping Center

Property Analytics

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Current Use

Smoke-Stock Chimney Seasonal ... Hardware & Home Improvement Quaker Steak & Lube Restaurant

Suggested Use

Top Pick Real Estate Agency Dental Office HVAC Service (Bike/Boat/Book/etc) Store Storage Facility Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

542
Businesses Nearby
527k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Superstores 38% Shops & Services 23% Dining 14% Home Improvements & Furnishings 12%
Walmart Superstores
104,694 visits/mo 0.2 miles
Sam's Club Superstores
76,596 visits/mo 0.1 miles
Rural King Home Improvements & Furnishings
39,350 visits/mo 0.4 miles
McDonald's Dining
31,469 visits/mo 0.4 miles
Sam's Club Gas Station Shops & Services
31,195 visits/mo 0.1 miles
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for State College, PA

$21 /SF/Yr
Avg Asking Price
$15–$25 /SF/Yr
Price Range
11,182 SF
Avg Space Size

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
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Similar Off Market Nearby

  • Quick-Tag Walmart Supercenter, 373 Benner Pike, State College, PA 16801
  • Benner Pike Shops 387 Benner Pike, State College, PA 16801
  • Coin Cloud Bitcoin ATM 2901 E College Ave, State College, PA 16801
  • Nittany Mall 2901 E College Ave, State College, PA 16801

Frequently Asked Questions

What type of property is this?
Shopping center - Retail opportunities near Penn State and the Nittany Mall.
Where is this shopping center located?
The property is located at 501 Benner Pike State College, PA.
What are key features of this property?
This property features: Less than 10‑minutes from Penn State College with over 40,000 students; Across from newly redeveloped Nittany Mall with state‑of‑the‑art Bally’s Casino; 85,820 SF GLA Shopping Center
(484) 948-5217 Call to check price and availability
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