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    1028 Benner Pike State College, PA 16801

    Sponsored
    For Lease
    Contact for pricing

    Prime Benner Pike location, high traffic counts.

    Lot size:
    304,920 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 7-acre commercial land parcel presents a unique investment opportunity in State College, Pennsylvania. Strategically located on busy Benner Pike, this property boasts unparalleled visibility and accessibility, making it ideal for a wide range of commercial ventures. The site is zoned for commercial use and all utilities are readily available. The land can be subdivided into parcels as small as 2 acres, offering flexibility for various development plans. Its prime location offers significant advantages, including proximity to Penn State's main campus (approximately 55,000 students and 10,000 faculty/staff) and the Nittany Mall, ensuring a substantial customer base. High traffic counts on Benner Pike (15,112 vehicles daily), Shiloh Road (15,332), East College Avenue (10,288), and I-99 (33,108) further enhance the property's appeal. Adding to its potential, the land is situated directly in front of a planned 120-room hotel, creating a synergistic environment for future development. This is a rare opportunity to acquire a substantial commercial land parcel in a thriving, high-traffic area with exceptional proximity to a major university and retail center. The flexible parcel sizes and prime location make this an attractive proposition for developers and investors seeking a strong return on investment.

    Property Features for 1028 Benner Pike

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    304,920 SF

    Unit(s) available at that property

    Space
    Size
    304,920 SF

    HighLights

    • ±7 acres of commercial land available for lease, subdividable down to 2‑acre parcels.
    • Prime location directly across from a planned 120‑room hotel.
    • Excellent proximity to Penn State University (approx. 55,000 students, 10,000 faculty/staff) and Nittany Mall.
    • Commercial zoning.
    • All utilities available, with high visibility and convenient access.
    • High traffic counts: Benner Pike (15,112), Shiloh Road (15,332), East College Avenue (10,288), I‑99 (33,108).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    State College
    County
    Centre
    State
    Pennsylvania
    Longitude
    -77.797250320635
    Latitude
    40.841051372925

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    FAQs

    What type of property is this?
    Land - Prime Benner Pike location, high traffic counts.
    Where is this land located?
    The property is located at 1028 Benner Pike State College, PA.
    What are key features of this property?
    This property features: ±7 acres of commercial land available for lease, subdividable down to 2-acre parcels.; Prime location directly across from a planned 120-room hotel.; Excellent proximity to Penn State University (approx. 55,000 students, 10,000 faculty/staff) and Nittany Mall.
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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
    1028 Benner Pike State College, PA 16801
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