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Class A Office Building
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2583 Gateway Dr State, State College, PA 16801

Class A office building offering flexible options to lease or purchase an office condo or the full building.

Property Size22,352 SF
Days on Market50

Property Features for 2583 Gateway Dr State

General Information

Standard status Active
Size 22,352 SF
Class A
Total Parking Spaces 98
Property subtype Office, Commercial
Zoning Light Industrial

Building Details

Building Size 22,352 SF
Listing Agency: Bennett Williams Commercial - York
Listed By: Kandy Weader · License #RS315162
Source: Bennettwilliams
Added: Jul 29 Changed: Sep 11 Last Checked: Sep 15 at 4:04AM

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 - York

Investment Insights

Based on property information with market context.

Class A office building totaling 22,352 SF, with an opportunity to lease or purchase an office condo. The offering also includes the option to purchase the entire building.

The property is described as easily accessible from Penn State University and downtown State College, and is about a 5-minute drive from I-99. The building is positioned within a professional office community.

The layout supports office use with a focus on day-to-day business operations, and the condo or whole-building structure provides flexibility depending on whether an owner-occupier or another user is seeking a portion of the building or the full asset.

Key Highlights

  • Class A office building totaling 22,352 SF
  • Opportunity to lease or purchase an office condo
  • Also available as a purchase of the entire building

Property Analytics

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Current Use

Everhart Life Sport ... Gym & Fitness Center Bristol Place I Corporate Office

Suggested Use

Top Pick Real Estate Agency Restaurant Building Supply Big Box & Wholesale Store Law Firm Pharmacy

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

Location Intelligence

Trade Area within ½ mile

367
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Class A office building offering flexible options to lease or purchase an office condo or the full building.
Where is this office building located?
The property is located at 2583 Gateway Dr State State College, PA.
What are key features of this property?
This property features: Class A office building totaling 22,352 SF; Opportunity to lease or purchase an office condo; Also available as a purchase of the entire building
More about this property
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