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    126 College Ave State College, PA 16801

    For Lease
    $35 SF/Yr ($17,815 /Mo)

    Prime Retail Location, High Foot Traffic

    Lot size:
    6,108 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 6,108 square foot retail space at 126 West College Avenue in State College, Pennsylvania, presents a unique opportunity. Ideally situated in the heart of downtown, directly across from Penn State University, this single-tenant property boasts unparalleled visibility and accessibility. The building's prime location ensures significant exposure to both vehicular and pedestrian traffic, benefiting from the constant flow of students, faculty, and visitors. The substantial 6,108 square feet of vacant space offers ample room for a variety of retail uses. Beyond the main level, the property includes a fully finished basement, adding valuable storage or additional usable space. Convenient amenities such as a break room and bathroom are already in place. This property offers a rare chance to establish a thriving retail business in the vibrant and densely populated downtown State College market, capitalizing on the high foot traffic generated by the university and the surrounding residential areas. The property is located in Centre County, Pennsylvania, with a zip code of 16801. The building's address is 126 W College Ave, State College, PA.

    Property Features for 126 College Ave

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,108 SF
    Total Rate
    17815

    Unit(s) available at that property

    Space
    Available Space
    Size
    6,108 SF
    Rate per SF
    $35
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Douglas Albert Gallery Art Gallery

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    State College
    County
    Centre
    State
    Pennsylvania
    Longitude
    -77.8620302
    Latitude
    40.7937286

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    FAQs

    What type of property is this?
    Individual retail property - Prime Retail Location, High Foot Traffic
    Where is this individual retail property located?
    The property is located at 126 College Ave State College, PA.
    What is the lease rate?
    The lease rate is $35 SF/Yr.
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    126 College Ave 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
    126 College Ave State College, PA 16801
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