Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    901 Benner Pike State College, PA 16801

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,950,000

    Two-acre commercial land near I-99, ideal for development.

    Lot size:
    2.00 Acres

    Property Features for 901 Benner Pike

    General Information

    Standard status
    Active
    Lot size
    2.00 Acres

    Building Details

    Year built
    1991

    We can help!

    Listing Contact
    Paul Confer
    Paul Confer
    Source: Exitrealty

    Listing Agency: Kissinger, Bigatel & Brower Listing Agent: Paul Confer

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

    Learn more

    Overview

    Prime Commercial Land Opportunity

    This commercial property presents a business opportunity with two full acres zoned GENERAL COMMERCIAL. Located off I-99 at the Shiloh Road Exit 76, the property offers high visibility and easy access on Benner Pike, situated between Sheetz and Tractor Supply. The flat lot experiences high traffic. An existing building, constructed in 1989, is in great condition, offering immediate use, or the site can be redeveloped for diverse commercial opportunities. The strategic location is suited to various business projects. The property is located in College Township, home to Penn State University's main campus, an area experiencing business and commercial expansion. A lessee is currently in place with some occupancy flexibility. The large lot backs up to the Best Western, State College, and UEC State College 12 Theatres. Lot dimensions are 150' x 560'. The property is located 0.5 miles (3 minutes) from Nittany Mall, 0.8 miles (4 minutes) from Walmart Supercenter and Sam's Club, 3.4 miles (7 minutes) from Pennsylvania State University, and 4.3 miles (8 minutes) from Mt Nittany Hospital, Bryce Jordan Center, and Beaver Stadium.
    Location Intelligence

    Current Use by Public Records

    Constance L. Bliss, ... Alternative Medicine Practice Happy Valley Bodyworks Alternative Medicine Practice Summit Chiropractic and Wellness Alternative Medicine Practice Dr. Edward Camacho Alternative Medicine Practice

    Suggested Use

    Real Estate Agency Restaurant Law Firm Dental Office Spa & Massage Center Building Supply Hair Salon Big Box & Wholesale Store Nail Salon Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    State College
    County
    Centre
    State
    Pennsylvania
    Longitude
    -77.800079
    Latitude
    40.8382631

    Nearby Similar for Sale

    • $2,890,000
      1.66 Acres

      Spacious Medical Office Investment Opportunity

      Large medical office with established tenant and additional vacant space.
      2014 Sandy Dr, State College, PA 16803
      View Details
    • $1,600,000

      State College Commercial Space Available

      Well-maintained commercial space with flexible layout and ample parking.
      2160 A&B Sandy Dr, State College, PA 16803
      View Details
    • $229,900
      1,250 SF

      State College Office/Retail Space

      Renovated showroom/office space with high traffic and ample parking.
      2123 E College Ave, State College, PA 16801
      View Details
    • Contact for pricing

      Retail Space Available For Sale

      Retail property with 10,202 square feet available for sale.
      2268 East College Ave, State College, PA 16801
      View Details
    • $130,000

      State College Retail Investment Opportunity

      900 SF retail or restaurant space in State College.
      Address Not Disclosed, State College, PA
      View Details
    • Contact for pricing

      State College Storage Development

      Self-storage and industrial property for sale in State College, PA.
      3490 W College Ave, State College, PA 16801
      View Details
    • $3,900,000

      Turnkey Restaurant & Sustainable Farm

      Turnkey restaurant and sustainable farm with real estate for sale.
      1000 S Filmore Rd, State College, PA
      View Details
    • $609,900
      3,986 SF

      State College Executive Office Building

      Prime location, 3,986 sq ft, investment opportunity.
      310 Burrowes St, State College, PA 16801
      View Details
    • $3,200,000
      9,202 SF

      State College Medical Office Building

      Class A medical office, owner-user opportunity.
      2014 Sandy Dr, State College, PA 16803
      View Details
    • Contact for pricing
      263,784 SF

      Industrial Property with Extensive Parking

      Large industrial property featuring varied ceiling heights and ample parking.
      1900 W College Ave, State College, PA 16801
      View Details
    • $315,000
      5,000 SF

      College Avenue Office Park Investment

      State College Office/Retail Space. Excellent Location.
      2123 College Ave, State College, PA 16801
      View Details
    • Contact for pricing
      4,000 SF

      Class A Office Building, State College

      Prime Office Space: Lease or Buy
      476 Rolling Ridge Dr, State College, PA 16801
      View Details

    FAQs

    What type of property is this?
    Commercial land - Two-acre commercial land near I-99, ideal for development.
    Where is this commercial land located?
    The property is located at 901 Benner Pike State College, PA.
    What is the asking price?
    The asking price for this property is $1,950,000.
    What are key features of this property?
    This property features: - Prime commercial location with high visibility and easy access off I-99 (Exit 76) on Benner Pike.; - Two full acres of land zoned GENERAL COMMERCIAL, suitable for diverse business opportunities.; - Strategic location in a growing university town (College Township) near Penn State University.
    (814) 404-1541
    Request Owner's contact information
    901 Benner Pike State College, PA 16801
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    901 Benner Pike
    State College, PA 16801
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    901 Benner Pike State College, PA 16801
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Paul Confer
    Paul Confer
    Real Estate License ID: RS279489
    (814) 404-1541 (814) 234-4000
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!