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Two-Story Professional Office Building
For Lease
$28 SF/Yr

378 Walker Dr, State College, PA 16801

Proposed two-story office building offers a large floor plate designed for flexible professional and light industrial uses.

Space SizeContact for details
Days on Market321

Property Features for 378 Walker Dr

General Information

Standard status Active

Site & Location

Highway Access Yes
Road Access Yes

Building Details

Stories 2
Listing Agency: Centre Cre
Listed By: Tommy Songer III
Source: Exprealty
Added: Oct 21, 2025 Changed: Aug 26 Last Checked: Sep 5 at 11:11AM

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 Centre Cre

Investment Insights

Based on property information with market context.

This proposed two-story professional office building is planned with a large floor plate on each level, supporting a flexible layout for a range of professional uses. The building is described as being designed to stringent energy efficiency standards, and landlord-provided concept planning is offered to help align the space with a tenant’s needs. The property also may be modified during development to accommodate requirements such as shipping and receiving docks, higher ceiling clearances, plumbing, electrical, and security.

The site work is reported as 90% complete, with occupancy targeted for 2026. The location is positioned for convenient access and visibility off SR322 Bypass/Mt. Nittany Expressway and East College Avenue, with plenty of free parking noted. The public remarks also reference views of PSU Beaver Stadium and East Campus.

Professional management is noted by Torron Group. Lease rate terms are described as negotiable and dependent on tenant requirements.

Key Highlights

  • Proposed two‑story professional office building with 24,000 SF per floor plate; 48,000 SF total
  • Flexible layout for multiple uses including office, medical, R&D, government, law, financial, and light manufacturing
  • Site work is 90% complete for a quick start, with occupancy targeted for 2026

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Dental Office Real Estate Agency Big Box & Wholesale Store Auto Repair Shop Restaurant Building Supply

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

Yes
Highway access
Yes
Paved road access
NNN (Triple Net)
Lease Type
$4.20 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

214
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

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 - Proposed two-story office building offers a large floor plate designed for flexible professional and light industrial uses.
Where is this office building located?
The property is located at 378 Walker Dr State College, PA.
What is the lease rate?
The lease rate is $28 SF/Yr.
What are key features of this property?
This property features: Proposed two‑story professional office building with 24,000 SF per floor plate; 48,000 SF total; Flexible layout for multiple uses including office, medical, R&D, government, law, financial, and light manufacturing; Site work is 90% complete for a quick start, with occupancy targeted for 2026
More about this property
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