Retail Space Near Penn
914 W College Ave State, State College, PA 16801
For Sale
Contact for pricing
Commercial space along an established retail corridor with restaurant, boutique retail, and service-use potential.
Property Size4,365 SF
Price / SF$0.01
Days on Market94
Property Features for 914 W College Ave State
General Information
Standard status
Size
Property subtype
Building Details
Tenancy
Listing Agency:
Bennett Williams Commercial
Listed By:
Kandy Weader · License PA RS315162
(814) 574-5570
Source:
Bennettwilliams
Added: Aug 8
Changed: Oct 26
Last Checked: Nov 8 at 2:06AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bennett Williams Commercial
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4,365 sf retail space is positioned along West College Avenue, a primary commercial corridor serving State College. The property is suited to quick-service and fast-casual restaurant concepts, boutique or lifestyle retail, and service-oriented businesses.
The surrounding corridor includes national brands and established local businesses. Year-round activity is supported by students, faculty, residents, and visitors, while the property is located minutes from Penn State University and near surrounding housing. Its campus proximity and commercial setting provide a recognizable location for businesses seeking exposure to a college-oriented customer base.
The surrounding corridor includes national brands and established local businesses. Year-round activity is supported by students, faculty, residents, and visitors, while the property is located minutes from Penn State University and near surrounding housing. Its campus proximity and commercial setting provide a recognizable location for businesses seeking exposure to a college-oriented customer base.
Key Highlights
- 4,365 sf retail space
- Located along West College Avenue’s retail corridor
- Minutes from Penn State University
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,817
Suggested Prices Based on Cap Rates
Cap Rate 5%
$756,340
$756.3K
Cap Rate 7%
$540,243
$540.2K
Cap Rate 9%
$420,189
$420.2K
Market Conditions
NOI Build-Up for 4,365 SF
Gross rent
$56.6K $12.96/SF
− Vacancy
−$2.5K −$0.58/SF
EGI
$54.0K $12.38/SF
− OpEx
−$16.2K −$3.71/SF
NOI
$37.8K $8.66/SF
Area
Centre County, PA
Vacancy
4.50%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$756,340
Cap Rate 7%
$540,243
Cap Rate 9%
$420,189
Alternative Uses
Best Use
Retail
$540.2K
$472.7K – $630.3K
NOI $37,817 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$964.0K
$843.5K – $1.12M
NOI $67,482 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,182
Businesses Nearby
15k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 52%
Dining 48%
Sunoco
Shops & Services
7,976 visits/mo
0.4 miles
Pizza Pub
Dining
4,244 visits/mo
0.3 miles
SUBWAY
Dining
3,068 visits/mo
0.5 miles
Demographics for 16801, PA
42,446
Population
19,242
Households
2.2
Avg Household Size
28
Median Age
67%
College-Educated
98%
High-School Grad
31.1 sq mi
ZIP Area
1,365
Density / Sq Mi
$62,821
Median Household Income
$27,598
Median Earnings
$1,221
Median Rent
$400,400
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - Commercial space along an established retail corridor with restaurant, boutique retail, and service-use potential.
Where is this retail space located?
The property is located at 914 W College Ave State State College, PA.
What are key features of this property?
This property features: 4,365 sf retail space; Located along West College Avenue’s retail corridor; Minutes from Penn State University
