Two-Building Mixed-Use
For Sale
$6,500,000
1750 COLLEGE AVENUE W, State College, PA 16801
Office, warehouse, shop, and storage areas are arranged across two substantial commercial buildings.
Property Size35,667 SF
Lot Size8.08 Acres
Price / SF$182.24
Days on Market9
Property Features for 1750 COLLEGE AVENUE W
General Information
Standard status
Active
Size
35,667 SF
Lot size
8.08 Acres
Property subtype
Commercial
Site & Location
Road Access
Yes
Outdoor Storage
Yes
Building Details
Year Built
1970
Buildings
2
Listing Agency:
RE/MAX Centre Realty
(814) 231-8200
Listed By:
Marc Mcmaster · License #AB067113
(814) 360-6961
Source:
Cummingsrealtors
Added: Sep 28
Changed: Oct 6
Last Checked: Oct 5 at 6:07PM
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 RE/MAX Centre Realty
Investment Insights
Based on property information with market context.
At 1750 College Avenue W, the property includes two commercial buildings with approximately 35,667 square feet of combined space. The interiors accommodate office, warehouse, shop, storage, and operational functions. Paved and open areas provide additional space for parking, equipment, fleet vehicles, and outdoor storage.
The campus occupies approximately 8.08 acres along West College Avenue in State College, with access to the greater State College area, Penn State University, and major transportation routes. The existing mix of building areas and exterior space supports a range of commercial operations within one property.
The campus occupies approximately 8.08 acres along West College Avenue in State College, with access to the greater State College area, Penn State University, and major transportation routes. The existing mix of building areas and exterior space supports a range of commercial operations within one property.
Key Highlights
- Approximately 8.08 acres along West College Avenue in State College
- Approximately 35,667 square feet of total building space
- Two commercial buildings with office, warehouse, shop, storage, and operational areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$411,686
Cap Rate
6.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,233,720
$8.2M
Cap Rate 7%
$5,881,229
$5.9M
Cap Rate 9%
$4,574,289
$4.6M
Market Conditions
NOI Build-Up for 35,667 SF
Gross rent
$642.0K $18.00/SF
− Vacancy
−$93.1K −$2.61/SF
EGI
$548.9K $15.39/SF
− OpEx
−$137.2K −$3.85/SF
NOI
$411.7K $11.54/SF
Area
Centre County, PA
Vacancy
14.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,233,720
Cap Rate 7%
$5,881,229
Cap Rate 9%
$4,574,289
Alternative Uses
Best Use
Office B
$5.88M
$5.15M – $6.86M
NOI $411,686 @ 7.0% cap · market cap 6.33%
Second Best
Mixed Use
$5.16M
$4.51M – $6.02M
NOI $361,128 @ 7.0% cap · market cap 5.56%
Theoretical Best
Office A
$7.88M
$6.89M – $9.19M
NOI $551,406 @ 7.0% cap · market cap 8.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
291
Businesses Nearby
Explore this area
Business Placement
Demographics for 16801, PA
42,446
Population
19,242
Households
2.2
Avg Household Size
28
Median Age
67%
College-Educated
98%
High-School Grad
31.1 sq mi
ZIP Area
1,365
Density / Sq Mi
$62,821
Median Household Income
$27,598
Median Earnings
$1,221
Median Rent
$400,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Office, warehouse, shop, and storage areas are arranged across two substantial commercial buildings.
Where is this mixed-use property located?
The property is located at 1750 COLLEGE AVENUE W State College, PA.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: Approximately 8.08 acres along West College Avenue in State College; Approximately 35,667 square feet of total building space; Two commercial buildings with office, warehouse, shop, storage, and operational areas
