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    3283 College Ave State College, PA 16801

    Sponsored
    For Lease
    $25 SF/Yr

    State College retail space available. High traffic location.

    Lot size:
    20,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Orchard Square, a 20,000 square foot retail strip center in State College, Pennsylvania, offers a prime leasing opportunity. 9,052 square feet of vacant space is available in this multi-tenant property situated on a 3.96-acre lot (APN: 24-004-,067F,0000). The center enjoys a high-traffic location on West College Avenue (11,000 vehicles per day) and Whitehall Road, in the growing West End of State College. Existing tenants include Sheetz and Dollar General, providing strong co-tenancy. The property benefits from excellent visibility and accessibility, with quick access to North and South Atherton Street (21,000 vehicles per day). Its proximity to Penn State University's main campus (2 miles) and numerous student housing complexes makes it ideal for retail, service, or office uses. Nearby retailers include Dunkin', Weis Markets, Ollie's, Starbucks, and McDonald's. This location presents a compelling opportunity for businesses seeking to establish or expand their presence in the thriving State College market. The property's address is 3283 W College Ave, State College, PA 16801.

    Property Features for 3283 College Ave

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    20,000 SF
    Total Rate
    41666.67

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    9,052 SF
    Rate per SF
    $25

    HighLights

    • 20,000 SF retail strip center in State College, PA.
    • 9,052 SF of vacant space available.
    • Located on a 3.96‑acre lot (APN: 24‑004-,067F,0000) with high traffic counts on West College Avenue (11,000 VPD) and Whitehall Road.
    • Strong co‑tenancy with Sheetz and Dollar General.
    • Excellent visibility and accessibility, near major roadways and Penn State University (2 miles).
    Property Profile Location Intelligence

    Current Use by Public Records

    Dollar General Convenience Store Orchard Square Shopping Mall

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    State College
    County
    Centre
    State
    Pennsylvania
    Longitude
    -77.877135
    Latitude
    40.758017

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    FAQs

    What type of property is this?
    Neighborhood center - State College retail space available. High traffic location.
    Where is this neighborhood center located?
    The property is located at 3283 College Ave 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: 20,000 SF retail strip center in State College, PA.; 9,052 SF of vacant space available.; Located on a 3.96-acre lot (APN: 24-004-,067F,0000) with high traffic counts on West College Avenue (11,000 VPD) and Whitehall Road.
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    3283 College Ave State College, PA 16801
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    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
    3283 College Ave State College, PA 16801
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