Warehouse and Shop
122-124 South Osmond Street State College, PA 16801
122-124 South Osmond Street, State College, PA, 16801
$325,000
Pending
For Sale
$325,000
Pending
Two contiguous lots are offered as a package with two AS-IS buildings, including a shop/warehouse and retail/office use.
Property Size2,769 SF
Lot Size0.41 Acres
Days on Market36
Property Features for 122-124 South Osmond Street
General Information
- Standard status
- Pending
- Size
- 2,769 SF
- Lot size
- 0.41 Acres
- Property subtype
- Land / Fee Simple
Listing agency
Kissinger, Bigatel & Brower
(814) 238-6771
Listed by
Don Goldberg · License #RS303161
(814) 238-6771
Source
Compass
Added: Jun 17 Updated: Jul 21 at 4:58AM Checked: Jul 22 at 11:18AM
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 Kissinger, Bigatel & Brower
Investment Insights
Based on property information with market context.
This offering includes two contiguous lots sold as a package, with existing buildings at 122-124 South Osmond Street. Both properties are conveyed in AS-IS condition.
The package includes one building measuring 37 x 39 feet that was previously utilized as retail/office space, and a second building measuring 26 x 51 feet that functioned as a shop and warehouse. Parcels PC#24-002A-077 and PC#24-002A-074 are included.
The seller represents the properties in Ferguson Township’s West College Neighborhood District, with easy access to downtown State College and Penn State University.
The package includes one building measuring 37 x 39 feet that was previously utilized as retail/office space, and a second building measuring 26 x 51 feet that functioned as a shop and warehouse. Parcels PC#24-002A-077 and PC#24-002A-074 are included.
The seller represents the properties in Ferguson Township’s West College Neighborhood District, with easy access to downtown State College and Penn State University.
Key Highlights
- Two contiguous lots in Ferguson Township are being sold as a package with a combined 0.41‑acre property.
- Includes two AS‑IS buildings at 124 S. Osmond: a 37 x 39 ft retail/office building and a 26 x 51 ft shop/warehouse building.
- Previously utilized as retail/office space in one building and as a shop/warehouse in the other.
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $24.3k | $8.76 |
| − Vacancy | −$1.3k | −$0.48 |
| EGI | $22.9k | $8.28 |
| − OpEx | −$3.4k | −$1.24 |
| NOI | $19.5k | $7.04 |
2,769 SF · lease $8.76/SF/yr · vacancy 5.43% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$278.5K
$243.7K – $325.0K
NOI $19,498 @ 7.0% cap · market cap 6.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$611.5K
$535.1K – $713.5K
NOI $42,808 @ 7.0% cap · market cap 13.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Commercial land
Similar For Sale Nearby
FAQs
What type of property is this?
Commercial land - Two contiguous lots are offered as a package with two AS-IS buildings, including a shop/warehouse and retail/office use.
Where is this commercial land located?
The property is located at 122-124 South Osmond Street State College, PA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Two contiguous lots in Ferguson Township are being sold as a package with a combined 0.41‑acre property.; Includes two AS‑IS buildings at 124 S. Osmond: a 37 x 39 ft retail/office building and a 26 x 51 ft shop/warehouse building.; Previously utilized as retail/office space in one building and as a shop/warehouse in the other.
