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    253 Easterly Pkwy State College, PA 16801

    Sponsored
    For Lease
    $13 SF/Yr ($9,675 /Mo)

    Prime State College Office Space: Multiple Suites Available

    Lot size:
    8,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    The Parkway Office Center, a well-maintained 8,600 square foot office building constructed in 1964, presents a unique investment opportunity in State College, Pennsylvania. Located at 253 Easterly Parkway, this multi-tenant property offers flexible space options, with a minimum divisible unit of 1,700 square feet. The building caters to a variety of office needs, including medical, executive, and traditional office uses. Its convenient location offers unparalleled access to amenities. Situated within the State College Borough, the property is conveniently located near an elementary school, public transportation, bike paths, sidewalks, and the vibrant downtown area. Furthermore, its proximity to Penn State University (less than a mile) and shopping centers (half a mile) ensures high visibility and accessibility. Landlord-provided utilities and building maintenance significantly reduce operational costs for tenants, focusing their attention on core business operations. This exceptional location, combined with the building's versatile layout and cost-effective operation, makes the Parkway Office Center an attractive option for businesses seeking a strategic and supportive environment in State College. The property's zip code is 16801.

    Property Features for 253 Easterly Pkwy

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    8,600 SF
    Total Rate
    9675

    Building Details

    Year Built
    1964

    Unit(s) available at that property

    Space
    251 Easterly Parkway Ste 202
    Size
    700 SF
    Space
    Suite 207
    Size
    1,700 SF
    Rate per SF
    $13

    HighLights

    • 8,600 SF office building in State College, PA.
    • Multi‑tenant property with 1,700 SF minimum divisible units.
    • Suitable for medical, executive, and general office uses.
    • Excellent location near Penn State University, downtown, and amenities.
    • Landlord‑paid utilities and building maintenance.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lighthouse Medical Medical Clinic Peggy E. Nadenichek, ... Child Psychologist Centre Health Network ... Medical Clinic Johnson John H ... Doctor Allergy And Asthma Specialist ... Allergist

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply 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
    -77.847354620047
    Latitude
    40.790002304176

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    FAQs

    What type of property is this?
    Medical office - Prime State College Office Space: Multiple Suites Available
    Where is this medical office located?
    The property is located at 253 Easterly Pkwy State College, PA.
    What is the lease rate?
    The lease rate is $0.00-$13 SF/Yr.
    What are key features of this property?
    This property features: 8,600 SF office building in State College, PA.; Multi-tenant property with 1,700 SF minimum divisible units.; Suitable for medical, executive, and general office uses.
    Request Owner's contact information
    253 Easterly Pkwy 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
    253 Easterly Pkwy State College, PA 16801
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