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Mixed-Use Development in State College
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448 E College Ave, State College, PA 16801

Mixed-use property with retail and office space for rent.

Space Size3,163 SF
Property Size324,602 SF
Days on Market840

Property Features for 448 E College Ave

General Information

Standard status Active
Size 3,163 SF
Total Parking Spaces 172
Property subtype Retail, Office
Lease Type NNN

Building Details

Building Size 324,602 SF
Year Built 2024
Tenancy Multiple

Spaces For Lease

at 448 E College Ave Contact us

1st Floor Retail Space

Size
3,163 SF
Availability
Active
Contact us

2nd Floor Office Space

Availability
Active
Contact us
Listing Agency: Bennett Williams Commercial
Listed By: Luke Higgins · License #PA RS369238
Source: Crexi
Added: May 23, 2024 Changed: Sep 5 Last Checked: Sep 8 at 4:50AM

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.

The oLiv’ State College is a new, 12-story mixed-use development featuring 453 beds, 8,864 square feet of retail space, and 13,877 square feet of office space. Located on East College Ave, this state-of-the-art student residence includes residential amenity areas and retail space on the ground level, adjacent to the residential lobby and leasing office. The building's roof terrace features a pool, hot tubs, and a green roof. Designed to enhance the existing neighborhood, the property offers a retail presence. This LEED certified/equivalent building is ready for delivery for both retail and office users.

Key Highlights

  • New, state‑of‑the‑art 12‑story mixed‑use development.
  • Contains 453 beds for student residence.
  • Features a roof terrace with a pool, hot tubs, and green roof.**

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick Building Supply Auto Repair Shop Big Box & Wholesale Store Auto Parts Store Storage Facility Kitchen & Bath Showroom

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
$3.75 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,099
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
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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?
Mixed-use property - Mixed-use property with retail and office space for rent.
Where is this mixed-use property located?
The property is located at 448 E College Ave 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: New, state‑of‑the‑art 12‑story mixed‑use development.; Contains 453 beds for student residence.; Features a roof terrace with a pool, hot tubs, and green roof.**
(717) 843-5555 Call to check price and availability
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