New Retail Plaza in State
For Lease
Contact for pricing
250 Squirrel Dr, State College, PA 16801
New retail plaza near Penn State with flexible lease options.
Space Size1,165 SF - 3,336 SF
Property Size25,705 SF
Days on Market824
Property Features for 250 Squirrel Dr
General Information
Standard status
Active
Size
1,165 SF - 3,336 SF
Class
A
Property subtype
Retail
Lease Type
NNN
Building Details
Building Size
25,705 SF
Tenancy
Multiple
Spaces For Lease
at 250 Squirrel Dr Contact us- Size
- 3,336 SF
- Type
- Retail
- Lease Type
- NNN
- Availability
- Active
Tenant 1
- Size
- 1,165 SF
- Type
- Retail
- Lease Type
- NNN
- Availability
- Active
Tenant 10
- Size
- 3,185 SF
- Type
- Retail
- Lease Type
- NNN
- Availability
- Active
Tenant 11
- Size
- 1,594 SF
- Type
- Retail
- Lease Type
- NNN
- Availability
- Active
Tenant 2
- Size
- 1,626 SF
- Type
- Retail
- Lease Type
- NNN
- Availability
- Active
Tenant 3
Show more
Listing Agency:
Bennett Williams Commercial
(717) 843-5555
Listed By:
Luke Higgins · License #PA RS369238
Source:
Crexi
Added: May 23, 2024
Changed: Aug 14
Last Checked: Aug 23 at 3:08PM
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 Bennett Williams Commercial
Investment Insights
Based on property information with market context.
This new retail plaza on Squirrel Drive in State College offers spaces suitable for restaurants or retail stores. The plaza is located near the 252-apartment Aspen State College development and provides views of Happy Valley, Beaver Stadium, the Bryce Jordan Center, and Penn State University. Situated just off College Avenue, the property is easily accessible to Route 322, approximately 1.02 miles from the University, and within walking distance of Beaver Stadium. Lease options range from 1,100 square feet to over 25,000 square feet, with dedicated outdoor patios available. Spaces are delivered as warm shells, featuring finished concrete floors, demising walls, a base lighting package, sprinklers, and stubbed-in utilities. Ample parking is available. Potential uses include brew pubs, tasting rooms, restaurants, health and wellness facilities, and boutiques. The property is positioned to be a central destination for locals and tourists, offering food, outdoor entertainment, and views of the Penn State skyline. Located above East College Avenue, the property sees over 22,000 vehicles per day and is 2 miles from I-99. State College has a population exceeding 41,000 residents, plus 47,000 Penn State students, and attracts millions of visitors annually. State College is a significant tourist attraction in Central Pennsylvania with 1.5 to 2 million annual visitors.
Key Highlights
- High‑traffic location near Penn State University and Beaver Stadium, attracting students, residents, and tourists.
- Flexible lease options from 1,100 sf to 25,000+ sf with dedicated outdoor patios.
- Located in a new retail plaza with ample parking and views of Happy Valley, Beaver Stadium, and Penn State University.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$3.75 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
225
Businesses Nearby
39k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 51%
Dining 40%
Hotels & Casinos 9%
Exxon
Shops & Services
19,862 visits/mo
0.1 miles
Dunkin' Donuts
Dining
15,497 visits/mo
0.2 miles
Hilton Garden Inn State College
Hotels & Casinos
3,329 visits/mo
0.2 miles
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
Market
Lease Benchmarks for State College, PA
$22.5 /SF/Yr
Avg Asking Price
$15–$30 /SF/Yr
Price Range
7,807 SF
Avg Space Size
This space is priced 11% above the average of $22.5 /SF/Yr.
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - New retail plaza near Penn State with flexible lease options.
Where is this retail space located?
The property is located at 250 Squirrel Dr State College, PA.
What is the lease rate?
The lease rate is $25 SF/Yr.
What are key features of this property?
This property features: High‑traffic location near Penn State University and Beaver Stadium, attracting students, residents, and tourists.; Flexible lease options from 1,100 sf to 25,000+ sf with dedicated outdoor patios.; Located in a new retail plaza with ample parking and views of Happy Valley, Beaver Stadium, and Penn State University.
