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    1107 College Ave State College, PA 16801

    Sponsored
    For Lease
    $15 SF/Yr ($5,900 /Mo)

    Prime location, multiple office suites.

    Lot size:
    4,720 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 4,720 square foot office building, situated on a 0.45-acre lot in Centre County, presents a fantastic opportunity for businesses seeking a vibrant and convenient location. Built in 1948, the property boasts a blend of traditional and modern office spaces, suitable for a variety of uses including creative, executive, traditional, and even medical offices. Currently configured with seven private offices, a welcoming reception area, and ample on-site parking, this multi-tenant building offers immediate functionality. The building's prime location on West College Avenue ensures high visibility and accessibility, with easy access for both pedestrians and public transportation. The 2,000 square feet of currently available space provides flexibility for expansion or accommodating multiple tenants. This property is ideal for businesses seeking a well-established presence in a thriving downtown area, offering a combination of classic charm and modern convenience. The building's versatile layout and desirable location make it an attractive investment for those seeking a strong return on their investment. Don't miss this chance to secure a prominent position in a bustling commercial district.

    Property Features for 1107 College Ave

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,720 SF
    Total Rate
    5900

    Building Details

    Year Built
    1948

    Unit(s) available at that property

    Space
    1107 W College
    Size
    2,000 SF
    Rate per SF
    $15

    HighLights

    • Office and retail property totaling 4,720 square feet on a 0.45‑acre lot.
    • Multi‑tenant building with one 2,000 square foot space currently available.
    • Located in Centre County, built in 1948.
    • Features seven private offices, a reception area, and on‑site parking.
    • Excellent downtown location with frontage on W College Avenue and convenient access to public transportation.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bethanne Fetzer Counselor Hannah Hartswick Counselor Olivia Metz Counselor

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -77.873524879313
    Latitude
    40.78528163725

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    FAQs

    What type of property is this?
    Medical office - Prime location, multiple office suites.
    Where is this medical office located?
    The property is located at 1107 College Ave State College, PA.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: Office and retail property totaling 4,720 square feet on a 0.45-acre lot.; Multi-tenant building with one 2,000 square foot space currently available.; Located in Centre County, built in 1948.
    Request Owner's contact information
    1107 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
    1107 College Ave State College, PA 16801
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