Prime Corner Retail/Restaurant
For Lease
Contact for pricing
131 Hiester St, State College, PA 16801
Retail/restaurant space for lease in downtown State College, PA.
Space Size4,906 SF
Property Size529,922 SF
Days on Market835
Property Features for 131 Hiester St
General Information
Standard status
Active
Size
4,906 SF
Class
A
Total Parking Spaces
130
Property subtype
Retail, Office
Lease Type
NNN
Building Details
Building Size
529,922 SF
Tenancy
Multiple
Spaces For Lease
at 131 Hiester St Contact us- Size
- 4,906 SF
- Type
- Retail
- Lease Type
- NNN
- Availability
- Active
Floor 2 Space A
- Type
- Retail
- Lease Type
- NNN
- Availability
- Active
Floor 2 Space B
Listing Agency:
Bennett Williams Commercial
Listed By:
Luke Higgins · License #PA RS369238
(717) 843-5555
Source:
Crexi
Added: May 23, 2024
Changed: Aug 8
Last Checked: Sep 2 at 6:52AM
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
Investment Insights
Based on property information with market context.
The Maxxen offers a corner retail or restaurant space for lease, situated in downtown State College, Pennsylvania. The available space ranges from approximately 1,200 to 22,000 square feet across two levels, complemented by 130 parking spaces. The location is within walking distance of a mix of local and national tenants, including Dunkin, Chipotle, Urban Outfitters, Jimmy Johns, and Primanti Bros. Current tenants at the Maxxen include Tropical Smoothie, El Jefe’s Taqueria, and Mezza Mediterranean Grill. This 12-story mixed-use development features a 228-unit luxury student apartment building with over 755 beds and garage parking. The property is located one half block from Pennsylvania State University, a top 20 public research university with an enrollment of more than 47,000 students.
Key Highlights
- Prime corner retail/restaurant space in downtown State College.
- Located one half block from Pennsylvania State University (47,000+ students).
- Space available from 1,200–22,000 SF on two levels.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$3.75 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
193
Businesses Nearby
Explore this area
Business Placement
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
Lease Benchmarks for State College, PA
$21.5 /SF/Yr
Avg Asking Price
$15–$30 /SF/Yr
Price Range
8,795 SF
Avg Space Size
This space is priced 16% above the average of $21.5 /SF/Yr.
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Retail space - Retail/restaurant space for lease in downtown State College, PA.
Where is this retail space located?
The property is located at 131 Hiester St State College, PA.
What is the lease rate?
The lease rate is $25 SF/Yr.
What are key features of this property?
This property features: Prime corner retail/restaurant space in downtown State College.; Located one half block from Pennsylvania State University (47,000+ students).; Space available from 1,200–22,000 SF on two levels.
