Two-Story Office Condo with
112 W FOSTER AVENUE C State College, PA 16801
112 W FOSTER AVENUE C, State College, PA, 16801
$1,700,000
For Sale
$1,700,000
Two-story commercial condo with flexible floor layouts, ADA restrooms, direct elevator access, and 14 private parking spaces.
Property Size8,800 SF
Price / SF$193.18
Days on Market480
Property Features for 112 W FOSTER AVENUE C
General Information
- Standard status
- Active
- Size
- 8,800 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1965
Listing agency
Continental Real Estate Management
(814) 308-4768
Listed by
David Fonash · License #RS329103
(814) 308-4768
Source
Exitrealty
Added: Mar 29, 2025 Updated: Jul 20 at 9:38PM Checked: Jul 21 at 5:40AM
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 Continental Real Estate Management
Investment Insights
Based on property information with market context.
This two-story commercial condominium offers highly adaptable space with approximately 4,400 sq ft per floor. The first floor features an open, well-maintained layout suited for immediate occupancy or reconfiguration, while the second floor is currently arranged with traditional offices and can be fully opened to form a large floor plate. The property also includes ADA-compliant restrooms and direct elevator access.
Located in downtown State College, the building is steps from parks, restaurants, retail, and the energy of Penn State University. It includes 14 private parking spaces, providing a practical amenity in the downtown core.
Located in downtown State College, the building is steps from parks, restaurants, retail, and the energy of Penn State University. It includes 14 private parking spaces, providing a practical amenity in the downtown core.
Key Highlights
- Two‑story commercial condominium built in 1965 with approximately 4,400 sq ft of adaptable space per floor
- First floor features an open, well‑maintained layout for immediate occupancy or reconfiguration
- Second floor currently arranged with traditional offices and can be opened to create a second large floor plate
Local Financial Insights For Office B
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 | $158.4k | $18.00 |
| − Vacancy | −$23.0k | −$2.61 |
| EGI | $135.4k | $15.39 |
| − OpEx | −$33.9k | −$3.85 |
| NOI | $101.6k | $11.54 |
8,800 SF · lease $18.00/SF/yr · vacancy 14.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.45M
$1.27M – $1.69M
NOI $101,574 @ 7.0% cap · market cap 5.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.94M
$1.70M – $2.27M
NOI $136,047 @ 7.0% cap · market cap 8.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
1RM FIT
Clothing Store
The Daily Collegian - Penn ...
Publishing House
Concepcion Design
Marketing & Advertising
The Law Office of Sharon ...
Law Firm
Winters Hollyce L
Law Firm
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FAQs
What type of property is this?
Office units - Two-story commercial condo with flexible floor layouts, ADA restrooms, direct elevator access, and 14 private parking spaces.
Where is this office units located?
The property is located at 112 W FOSTER AVENUE C State College, PA.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Two‑story commercial condominium built in 1965 with approximately 4,400 sq ft of adaptable space per floor; First floor features an open, well‑maintained layout for immediate occupancy or reconfiguration; Second floor currently arranged with traditional offices and can be opened to create a second large floor plate
