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    171 Technology Dr Boalsburg, PA 16827

    For Sale
    $650,000

    Fully occupied flex space, prime location

    Property size:
    16,892 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional investment opportunity presents a fully occupied, multi-tenant flex space totaling 16,892 square feet, situated at 171 Technology Drive in Boalsburg, Pennsylvania, 16827. The property, built in 1960 and boasting a Light Industrial zoning permit, comprises a single, two-story building with eight individual units, each currently leased. The asking price is $650,000, translating to $38.48 per square foot and $81,250 per unit. The property enjoys 100% occupancy with a gross lease structure. Eight tenants currently occupy the space, many with long-term leases extending to February 29, 2028. The building features an 8-foot ceiling height. Its strategic location at the Boalsburg interchange of US Route 22/US Route 322 ensures high visibility and accessibility, making it an ideal investment in the thriving central Pennsylvania market near State College. The property's parcel number is 25-013-,113-,0001-. This is a rare chance to acquire a stable, high-performing commercial property with significant long-term potential. No ground lease is in place.

    Property Features for 171 Technology Dr

    General Information

    Property type
    Flex space
    Square Feet
    16,892 SF

    Building Details

    Year Built
    1960
    Buildings
    1
    Stories
    2
    Units
    8

    HighLights

    • 100% Occupancy.
    • Strong tenant base with long‑term leases, extending to February 29, 2028.
    • Boalsburg Interchange location on US Route 22/US Route 322.
    • High visibility on a major highway interchange.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    UFIT THRIVE Physical Therapist PrinterMech Toner Cartridge Supplier 1-Tom-Plumber Plumber State College Community ... Performing Arts Theater Michael L Norris ... Engineering Consultant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Boalsburg
    County
    Centre
    State
    Pennsylvania
    Longitude
    -77.7764532
    Latitude
    40.7785296

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    FAQs

    What type of property is this?
    Flex space - Fully occupied flex space, prime location
    Where is this flex space located?
    The property is located at 171 Technology Dr Boalsburg, PA.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: 100% Occupancy.; Strong tenant base with long-term leases, extending to February 29, 2028.; Boalsburg Interchange location on US Route 22/US Route 322.
    Request Owner's contact information
    171 Technology Dr Boalsburg, PA 16827
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    Boalsburg, PA 16827
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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
    171 Technology Dr Boalsburg, PA 16827
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