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    132 Franklin Manor Ln State College, PA 16803

    For Lease
    Contact for pricing

    Proposed mixed-use development near Penn State University.

    Property size:
    22,320 SF
    Lot size:
    12.36 Acres

    Property Features for 132 Franklin Manor Ln

    General Information

    Size
    22,320 SF
    Lot size
    12.36 Acres

    Source: Waters Retail Group Agent Joe Waters

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

    Overview

    Mixed-Use Development Opportunity

    Atherton Commons II is a proposed mixed-use land development project located in State College, PA. The current land proposal includes a 22,320 square foot grocer and a 17,984 square foot retail space. Additionally, the plan features a 2,100 square foot outparcel space and 54 townhomes. The location is approximately 2.5 miles from the Pennsylvania State University Main Campus. The site offers convenient access to N. Atherton Street, Vairo Boulevard, and Martin Street, and is fully signalized. The property consists of 6.5 acres zoned C-2 Commercial and 6.5 acres zoned R-3 Residential.
    Insight Report Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Similar Places Nearby

    Northland Center, Colonnade at State College, Village Square, Coinstar Kiosk | Bitcoin ATM

    Location Insight

    • Map
    • Local Demand
    City
    State College
    County
    Centre
    State
    Pennsylvania
    Longitude
    -77.8966
    Latitude
    40.806477

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    FAQs

    What type of property is this?
    Shopping center - Proposed mixed-use development near Penn State University.
    Where is this shopping center located?
    The property is located at 132 Franklin Manor Ln State College, PA.
    What are key features of this property?
    This property features: - Proposed mixed-use development with grocery, retail, outparcel, and townhomes.; - Outstanding location only 2.5 miles from Penn State University Main Campus.; - Easy access to major roads: N. Atherton Street, Vairo Boulevard, and Martin Street.
    (610) 388-6600
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    132 Franklin Manor Ln State College, PA 16803
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    State College, PA 16803
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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
    132 Franklin Manor Ln State College, PA 16803
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