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    2181 Whitehall Rd State College, PA 16801

    Sponsored
    For Sale
    $21,000,000

    Prime West End location, mixed-use potential, $21M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 44-acre property in State College, Pennsylvania, presents a unique investment opportunity. Located on Whitehall Road in the rapidly developing West End, this land boasts a General Commercial & R1 zoning designation, allowing for diverse development possibilities. Its strategic location offers convenient access to major thoroughfares like North and South Atherton Street (21,000 vehicles per day), placing it within easy reach of Penn State University's main campus (just 2 miles away). The site benefits from its proximity to numerous established businesses, including Sheetz, Dollar General, Dunkin', Weis Markets, Ollie's, Starbucks, and McDonald's, ensuring high visibility and strong consumer traffic. The presence of numerous apartments and student housing complexes nearby further enhances the property's appeal for developers seeking to cater to the significant student population and growing residential demand. The asking price for this expansive parcel is $21,000,000. This property's combination of size, location, and zoning makes it an ideal platform for a variety of commercial and residential projects, offering substantial potential for long-term growth and return on investment in the thriving State College market. The property's address is 2181 W Whitehall Rd, State College, PA 16801, and is situated in Centre County.

    Property Features for 2181 Whitehall Rd

    General Information

    Property type
    Multifamily properties
    Lot Size
    1,925,352 SF

    HighLights

    • 44‑acre commercial land parcel in State College, PA.
    • Located on Whitehall Road in the West End, with General Commercial & R1 zoning.
    • High visibility and traffic counts due to proximity to major thoroughfares (21,000 vehicles/day) and numerous national retailers.
    • 2 miles from Penn State University, near student housing and apartments.
    • Asking price: $21,000,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -77.882087
    Latitude
    40.761628

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    FAQs

    What type of property is this?
    Multifamily property - Prime West End location, mixed-use potential, $21M
    Where is this multifamily property located?
    The property is located at 2181 Whitehall Rd State College, PA.
    What is the asking price?
    The asking price for this property is $21,000,000.
    What are key features of this property?
    This property features: 44-acre commercial land parcel in State College, PA.; Located on Whitehall Road in the West End, with General Commercial & R1 zoning.; High visibility and traffic counts due to proximity to major thoroughfares (21,000 vehicles/day) and numerous national retailers.
    Request Owner's contact information
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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
    2181 Whitehall Rd State College, PA 16801
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