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    2222 College Ave State College, PA 16801

    Sponsored
    For Lease
    Contact for pricing

    Prime Retail Space Available Now

    Lot size:
    120,391 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional retail property, located at 2222 E College Ave in State College, Pennsylvania, 16801, offers a unique opportunity for businesses seeking high-visibility space. The 120,391 square foot strip center boasts multiple tenancies, providing flexibility for various retail concepts. Currently, there are several spaces available, ranging from a minimum of 3,666 square feet to a maximum contiguous space of 17,908 square feet. A significant 21,574 square feet is currently vacant, presenting a prime opportunity for expansion or new tenancy. The property's strategic location in State College ensures high foot traffic and excellent visibility, making it an ideal location for businesses targeting a diverse customer base. The address is easily accessible, offering convenient parking and ample space for customers. This property is perfect for businesses seeking a well-established location with significant space options to accommodate their needs. The building's size and layout provide a versatile environment suitable for a variety of retail uses. Interested parties are encouraged to inquire about available space and lease terms. This is a rare opportunity to secure prime retail space in a thriving Pennsylvania college town.

    Property Features for 2222 College Ave

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    120,391 SF

    Unit(s) available at that property

    Space
    Suite 2
    Size
    3,666 SF
    Space
    Suite 8
    Size
    17,908 SF

    HighLights

    • Rare junior anchor space with dedicated loading.
    • Minutes from Penn State's main campus, serving ~46,000 students and ~8,000 employees.
    • Dedicated loading dock, flush dock, and roll‑up door with ramp.
    • Suitable for grocery, fitness, medical, and other uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Coinstar Money Transfer Service higi Health Consultant Ocean State Job ... Discount Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    State College
    County
    Centre
    State
    Pennsylvania
    Longitude
    -77.8126936
    Latitude
    40.8215781

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    FAQs

    What type of property is this?
    Neighborhood center - Prime Retail Space Available Now
    Where is this neighborhood center located?
    The property is located at 2222 College Ave State College, PA.
    What are key features of this property?
    This property features: Rare junior anchor space with dedicated loading.; Minutes from Penn State's main campus, serving ~46,000 students and ~8,000 employees.; Dedicated loading dock, flush dock, and roll-up door with ramp.
    Request Owner's contact information
    2222 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
    2222 College Ave State College, PA 16801
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