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    448 College Ave State College, PA 16801

    For Lease
    $25 SF/Yr

    Prime Retail & Office, 12-Story Building

    Lot size:
    324,602 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 12-story, LEED-certified building at 448 E College Ave in State College, PA, offers a unique opportunity for retail and office tenants. Completed in 2024, this mixed-use development boasts 324,602 square feet of space, including 27,484 square feet currently vacant. The building features multiple suites, with a minimum divisible space of 1,000 square feet and a maximum contiguous space of 13,607 square feet. Located on a 0.88-acre lot, the property provides 172 parking spaces for tenants and visitors. The building's prime location on East College Avenue ensures high visibility and accessibility. Ground-level retail spaces are situated adjacent to a 453-bed student residence, creating a vibrant and high-traffic environment. Amenities include spectacular residential amenity areas and a rooftop terrace with a pool, hot tubs, and a green roof. This is an ideal location for businesses seeking to capitalize on the thriving State College market. The property is situated in Centre County and offers a modern, efficient workspace within a dynamic mixed-use development. Contact us today to learn more about leasing opportunities.

    Property Features for 448 College Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    324,602 SF
    Total Rate
    676254.17

    Building Details

    Year Built
    2024
    Buildings
    1
    Stories
    12

    Unit(s) available at that property

    Space
    1st Floor Retail Space
    Size
    13,877 SF
    Rate per SF
    $35
    Space
    2nd Floor Office Space
    Size
    13,607 SF
    Rate per SF
    $25

    HighLights

    • Luxury mixed‑use development with student housing.
    • 24,672 SF of combined retail and office space.
    • LEED‑certified building with modern amenities.
    • 172‑space parking garage.
    • Excellent location in the East College submarket, serving a large student population.
    • Convenient walk to athletic facilities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon 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
    -77.8557324
    Latitude
    40.7988663

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Retail & Office, 12-Story Building
    Where is this office property / space located?
    The property is located at 448 College Ave State College, PA.
    What is the lease rate?
    The lease rate is $25-$35 SF/Yr.
    What are key features of this property?
    This property features: Luxury mixed-use development with student housing.; 24,672 SF of combined retail and office space.; LEED-certified building with modern amenities.
    Request Owner's contact information
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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
    448 College Ave State College, PA 16801
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