Two-Story Office
C-112 W Foster Ave State College, PA 16801
C-112 W Foster Ave, State College, PA, 16801
$1,700,000
Pending
For Sale
$1,700,000
Pending
Two-story office condominium with ADA-compliant restrooms, elevator access, and 14 private parking spaces.
Property Size8,800 SF
Days on Market481
Property Features for C-112 W Foster Ave
General Information
- Standard status
- Pending
- Size
- 8,800 SF
Listing agency
Continental Real Estate Management
(814) 308-4768
Listed by
David Fonash · License #RS329103
(814) 308-4768
Source
Exprealty
Added: Mar 28, 2025 Updated: Jul 21 at 6:52AM Checked: Jul 21 at 6:52AM
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 flexible space for an owner-user or redevelopment. The first floor features an open, well-maintained layout suitable for immediate occupancy or reconfiguration, while the second floor is currently arranged with traditional offices and can be opened to form a larger floor plate. ADA-compliant restrooms are included, along with direct elevator access between levels. The property also provides 14 private parking spaces.
Located in downtown State College, the building is described as being steps from parks, restaurants, retail, and Penn State University activity. The seller notes the property’s redevelopment optionality in relation to evolving zoning considerations and potential mixed-use or increased-density uses.
Each floor is described as providing approximately 4,400 square feet of adaptable space, supporting a range of interior configurations depending on how the owner intends to use the building.
Located in downtown State College, the building is described as being steps from parks, restaurants, retail, and Penn State University activity. The seller notes the property’s redevelopment optionality in relation to evolving zoning considerations and potential mixed-use or increased-density uses.
Each floor is described as providing approximately 4,400 square feet of adaptable space, supporting a range of interior configurations depending on how the owner intends to use the building.
Key Highlights
- Two‑story commercial condominium with approximately 4,400 SF per floor of adaptable space
- First floor offers an open, well‑maintained layout for immediate occupancy or reconfiguration
- Second floor is currently traditional offices but 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
Office buildings
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FAQs
What type of property is this?
Office building - Two-story office condominium with ADA-compliant restrooms, elevator access, and 14 private parking spaces.
Where is this office building located?
The property is located at C-112 W Foster Ave 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 with approximately 4,400 SF per floor of adaptable space; First floor offers an open, well‑maintained layout for immediate occupancy or reconfiguration; Second floor is currently traditional offices but can be opened to create a second large floor plate
