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    2123 College Ave State College, PA 16801

    Sponsored
    For Sale
    $315,000

    State College Office/Retail Space. Excellent Location.

    Property size:
    5,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional State College investment opportunity presents a 5,000 square foot, Class B, multi-tenant office building situated on a 1.7-acre lot at 2123 E College Ave, 16801. Built in 2009 and renovated in 2018, the property features two single-story buildings offering a modern, open floor plan with sleek finishes. Currently configured as a showroom, the space is highly adaptable to various uses. The property boasts 56 parking spaces and prominent monument signage on a high-traffic road (over 22,000 vehicles daily), providing excellent visibility and accessibility. Conveniently located near Route 322 and Penn State's main campus and Beaver Stadium, this property benefits from a strong tenant base and high foot traffic. The asking price is $315,000, and the property is zoned C1 - Commercial General. A diligent condo association handles exterior maintenance, minimizing owner responsibilities. Each suite has a separate private entrance. Utilities, trash, and janitorial services are the tenant's responsibility under a Net-Net lease structure. This is a rare opportunity to acquire a well-maintained, versatile commercial property in a prime State College location. The property's APN is 19-004A, 017-2123D.

    Property Features for 2123 College Ave

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    5,000 SF
    Class
    B
    Lot Size
    74,052 SF

    Building Details

    Year Built/Renovated
    2009/2018
    Buildings
    2
    Stories
    1

    HighLights

    • On‑site ample parking.
    • Monument signage on main road.
    • Private suite entrance.
    • Close proximity to Penn State Main Campus and Beaver Stadium.
    Property Profile Location Intelligence

    Current Use by Public Records

    Weaver Memorials Monument Maker BAYADA Pediatrics Home Health Care Service Apple Fitness Equipment Exercise Equipment Store BAYADA Adult Nursing Home Health Care Service Apple Fitness Physical Fitness Program

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Auto Repair Shop Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    State College
    County
    Centre
    State
    Pennsylvania
    Longitude
    -77.8164689
    Latitude
    40.8207151

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    FAQs

    What type of property is this?
    Office Property / Space - State College Office/Retail Space. Excellent Location.
    Where is this office property / space located?
    The property is located at 2123 College Ave State College, PA.
    What is the asking price?
    The asking price for this property is $315,000.
    What are key features of this property?
    This property features: On-site ample parking.; Monument signage on main road.; Private suite entrance.
    Request Owner's contact information
    2123 College Ave State College, PA 16801
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2123 College Ave State College, PA 16801
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