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    1423 Atherton St State College, PA 16803

    Sponsored
    For Sale
    $1,600,000

    Prime State College Office Space - Drive-Thru Available

    Property size:
    6,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Class A office building, located at 1423 N Atherton Street in State College, Pennsylvania, presents a unique investment opportunity. The property boasts 6,000 square feet of meticulously maintained space, currently configured as a former bank suite, and includes a highly desirable drive-thru feature. Situated on a prominent corner lot, the building enjoys exceptional visibility from the busy N Atherton Street corridor, which sees an average annual daily traffic count of 22,146 vehicles. Ample parking is available for tenants and visitors, adding to the property's convenience and appeal. Its strategic location offers close proximity to Penn State University and is just minutes away from the vibrant downtown State College area. The asking price for this turnkey property is $1,600,000, translating to a price per square foot of $266.67. The first-floor layout, combined with the drive-thru, makes this an ideal location for a financial institution, or any business seeking high visibility and convenient access. The property's excellent condition and prime location ensure a strong return on investment for the discerning buyer. The zip code is 16803, and the property is situated in Centre County. This is a rare opportunity to acquire a well-positioned, high-quality office building in a thriving Pennsylvania market.

    Property Features for 1423 Atherton St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    6,000 SF
    Class
    A

    HighLights

    • 1st‑floor former bank space featuring a drive‑thru.
    • High visibility on N Atherton Street (22,146 AADT).
    • Abundant on‑site parking.
    • Excellent location near Penn State University and downtown State College.
    • Suitable for financial or office use.
    Property Profile Location Intelligence

    Current Use by Public Records

    CJ Wagner CPA Certified Public Accountant M&T Bank ATM Atm Universal Settlement Services ... Title Company S F & Co Financial Planner Irwin Bruce CPA Accountant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    State College
    County
    Centre
    State
    Pennsylvania
    Longitude
    -77.8882914
    Latitude
    40.8062877

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    FAQs

    What type of property is this?
    Office Property / Space - Prime State College Office Space - Drive-Thru Available
    Where is this office property / space located?
    The property is located at 1423 Atherton St State College, PA.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: 1st-floor former bank space featuring a drive-thru.; High visibility on N Atherton Street (22,146 AADT).; Abundant on-site parking.
    (610) 234-6491
    Request Owner's contact information
    1423 Atherton St State College, PA 16803
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    State College, PA 16803
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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
    1423 Atherton St State College, PA 16803
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