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    Colonnade Blvd State College, PA 16803

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    For Lease
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    Dominant retail center in State College near Penn State University.

    Property size:
    23,250 SF
    Lot size:
    6.35 Acres

    Property Features for Colonnade Blvd

    General Information

    Size
    23,250 SF
    Lot size
    6.35 Acres

    Source: Metro Commercial - PA Agent Joe Dougherty

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

    Overview

    Retail Space Near Penn State

    This retail space is located in a dominant center within the Penn State University / State College trade area. The location benefits from a high population density, with 100,000 people residing within a 15-minute drive. This presents a rare opportunity to establish a presence in a market with high barriers to entry. The property features new construction space available in a large format. Flexible configurations are possible for large anchor boxes. The property size is 23,250 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Bicycle rack Bicycle Rack Wegmans Delivery & Curbside ... Grocery Delivery Service Wegmans Wine & Beer Wine Store Wegmans Grocery Store Sally Beauty Beauty Supply Store

    Similar Places Nearby

    Colonnade at State College, Village Square

    Map

    City
    State College
    County
    Centre
    State
    Pennsylvania
    Longitude
    -77.899591
    Latitude
    40.816083

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    FAQs

    What type of property is this?
    Shopping center - Dominant retail center in State College near Penn State University.
    Where is this shopping center located?
    The property is located at Colonnade Blvd State College, PA.
    What are key features of this property?
    This property features: - Dominant center in the Penn State University / State College trade area; - 100,000 people in a 15-minute drive time; - Rare opportunity in high barrier to entry market
    (610) 580-7663
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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
    Colonnade Blvd State College, PA 16803
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