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Three-Level Restaurant with Commercial Kitchen
For Sale
$1,777,000

559 N Pennsylvania Avenue, Centre Hall, PA 16828

Three levels totaling 33,486 sq ft, including a large commercial kitchen, elevator access, and an outdoor deck with retractable roof.

Property Size33,486 SF
Price / SF$53.07
Days on Market175

Property Features for 559 N Pennsylvania Avenue

General Information

Standard status Active
Size 33,486 SF
Property subtype Commercial
Lease Term []

Amenities

Large Commercial Kitchen
elevator
outdoor deck with retractable roof

Building Details

Year Built 2008
Stories 3
Listing Agency: Yocum Real Estate Centre,LLC
Listed By: Scott L Yocum · License #RM424430
Source: Deepcreeklake
Added: Mar 22 Changed: Sep 12 Last Checked: Sep 12 at 10:45AM

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 Yocum Real Estate Centre,LLC

Investment Insights

Based on property information with market context.

This three-level restaurant property totals 33,486 sq ft and is built around event and meeting space, along with indoor dining. The offering includes a large commercial kitchen and an elevator from the main floor up to the bar and second-floor restaurant. An outdoor deck with a retractable roof provides additional space for guests while taking in panoramic views of the surrounding countryside and rolling mountains.

The property is located at 559 N Pennsylvania Avenue in Centre Hall, and the site is described as being perched on top of Mt. Nittany Ridge, approximately 12 miles from campus.

In addition to the real estate, a liquor license and the business are available at an additional cost.

Key Highlights

  • Three levels totaling 33,486 sq ft of restaurant, event, and meeting space
  • Large commercial kitchen on‑site
  • Elevator access from the main floor to the bar and second‑floor restaurant

Property Analytics

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Current Use

Mt. Nittany Overlook ... Hotel & Motel Harrison's Eat Well ... Take-out & Catering The Overlook Grill Restaurant

Suggested Use

Top Pick Auto Repair Shop Garden Center Catering Service Food Market Restaurant Farmer's Market

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

14
Businesses Nearby
Well-served
Demand for This Use

Demographics for 16828, PA

4,377
Population
2,175
Households
2
Avg Household Size
47
Median Age
29%
College-Educated
93%
High-School Grad
55.7 sq mi
ZIP Area
79
Density / Sq Mi
$73,810
Median Household Income
$48,331
Median Earnings
$993
Median Rent
$275,800
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 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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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Three levels totaling 33,486 sq ft, including a large commercial kitchen, elevator access, and an outdoor deck with retractable roof.
Where is this conventional restaurant located?
The property is located at 559 N Pennsylvania Avenue Centre Hall, PA.
What is the asking price?
The asking price for this property is $1,777,000.
What are key features of this property?
This property features: Three levels totaling 33,486 sq ft of restaurant, event, and meeting space; Large commercial kitchen on‑site; Elevator access from the main floor to the bar and second‑floor restaurant
More about this property
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