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    2121 Old Gatesburg Rd State College, PA 16803

    For Lease
    $23 SF/Yr

    Class A Office, Flexible Suites, Ample Parking

    Lot size:
    16,300 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional Class A office property, located at 2121 Old Gatesburg Road in Centre County, offers over 20,000 square feet of versatile space. Built in 2005, this single-tenant building features two floors, providing flexibility for businesses of various sizes. The property boasts a total of 223 parking spaces, ensuring convenient access for employees and clients. Elevators are available for easy movement between floors. The zoning designation is IRD - Light Industrial, Research, Development, making it suitable for a range of office-based businesses. The building's address is further identified by APN Part of 24-004-,102-,0000-. The space is divisible into smaller suites, accommodating the needs of strong, long-term tenants seeking between 5,000 and 16,300 square feet. This presents a unique opportunity to secure a prominent location with ample parking and modern amenities. The property's strategic location, coupled with its flexible layout and high-quality construction, makes it an ideal choice for businesses seeking a prestigious and functional workspace. Interested parties should note the cross street is Old Gatesburg Road. This is a single-tenant occupancy building.

    Property Features for 2121 Old Gatesburg Rd

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    16,300 SF
    Class
    A

    Building Details

    Year Built
    2005
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Size
    16,300 SF
    Rate per SF
    $23

    HighLights

    • Class A office building, 2005 construction.
    • Single‑tenant occupancy, 5,000 - 16,300 square feet available.
    • Two‑story building with 223 parking spaces.
    • Located at 2121 Old Gatesburg Road, Centre County, near Old Gatesburg Road.
    • Features elevators.
    • Zoned IRD (Light Industrial, Research, Development).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Christina Catherine Psychiatrist Victoria Case, PA-C Neurologist Mary Grace Murphy, ... Neurologist John Solic Immunologist Sara Tyson Physician Assistant

    Suggested Use

    Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    State College
    County
    Centre
    State
    Pennsylvania
    Longitude
    -77.8995147
    Latitude
    40.7779601

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    FAQs

    What type of property is this?
    Office Property / Space - Class A Office, Flexible Suites, Ample Parking
    Where is this office property / space located?
    The property is located at 2121 Old Gatesburg Rd State College, PA.
    What is the lease rate?
    The lease rate is $23 SF/Yr.
    What are key features of this property?
    This property features: Class A office building, 2005 construction.; Single-tenant occupancy, 5,000 - 16,300 square feet available.; Two-story building with 223 parking spaces.
    Request Owner's contact information
    2121 Old Gatesburg Rd 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
    2121 Old Gatesburg Rd State College, PA 16803
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