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Stand-Alone Restaurant with Patio
For Lease
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1905 Waddle Rd, State College, PA 16803

Restaurant with outdoor patio, ample parking, and liquor license.

Space SizeContact for details
Property Size7,300 SF
Days on Market898

Property Features for 1905 Waddle Rd

General Information

Standard status Active
Size 7,300 SF
Total Parking Spaces 125
Property subtype Retail, Restaurant

Building Details

Building Size 7,300 SF
Tenancy Single

Spaces For Lease

at 1905 Waddle Rd Contact us

Available space

Type
Restaurant, Retail
Lease Type
NNN
Availability
Active
Contact us
Listing Agency: Zamias Services Inc.
Listed By: Perry Russ · License #PA
Source: Crexi
Added: Feb 26, 2024 Changed: Aug 8 Last Checked: Aug 8 at 6:39AM

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 Zamias Services Inc.

Investment Insights

Based on property information with market context.

This stand-alone restaurant property offers approximately 7,000 square feet of space and includes an outdoor patio of approximately 300 square feet. The property has 125 parking spaces, including 4 handicap-accessible spaces. Two loading and unloading zones support operational efficiency. A liquor license is available through a joint venture with the Holiday Inn Hotel. The property is positioned in State College, Pennsylvania, a town that has grown around Pennsylvania State University. The area benefits from year-round cultural, entertainment, and sporting events. State College is located 140 miles east of Pittsburgh and 193 miles north of Philadelphia, with convenient access to major metropolitan markets. University Park Airport is located 6.3 miles away, offering flights through American Airlines and United Airlines. Direct interstate access is available to I-99 (29,000 VPD). The redevelopment of the Toftrees Resort, scheduled to open in 2025, will further enhance the area, anchored by a liquor-licensed restaurant already operating on-site.

Key Highlights

  • ±7,000 SF stand‑alone restaurant in a highly accessible location.
  • Benefit from 125 dedicated parking spaces, including 4 handicap‑accessible spaces.
  • Liquor license available through a joint venture with the Holiday Inn Hotel.

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Building Supply Real Estate Agency Law Firm Auto Repair Shop Big Box & Wholesale Store Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

498
Businesses Nearby
689k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Superstores 34% Shops & Services 20% Dining 17% Apparel 15%
Walmart Superstores
120,865 visits/mo 0.4 miles
Target Superstores
113,849 visits/mo 0.4 miles
Sheetz Shops & Services
62,282 visits/mo 0.1 miles
Kohl's Apparel
59,160 visits/mo 0.3 miles
Trader Joe's Groceries
51,418 visits/mo 0.4 miles

Demographics for 16803, PA

24,751
Population
12,155
Households
2
Avg Household Size
29
Median Age
74%
College-Educated
98%
High-School Grad
23.0 sq mi
ZIP Area
1,076
Density / Sq Mi
$71,993
Median Household Income
$35,405
Median Earnings
$1,363
Median Rent
$395,800
Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
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Similar Off Market Nearby

  • College Buffet 1631 N Atherton St, State College, PA 16803

Frequently Asked Questions

What type of property is this?
Conventional restaurant - Restaurant with outdoor patio, ample parking, and liquor license.
Where is this conventional restaurant located?
The property is located at 1905 Waddle Rd State College, PA.
What are key features of this property?
This property features: ±7,000 SF stand‑alone restaurant in a highly accessible location.; Benefit from 125 dedicated parking spaces, including 4 handicap‑accessible spaces.; Liquor license available through a joint venture with the Holiday Inn Hotel.
More about this property
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