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    Atherton St. & Vairo Blvd State College, PA 16803

    For Lease
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    Prime Retail, Penn State Proximity

    Lot size:
    261,891 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    North Atherton Place offers exceptional retail space in State College, PA. This established shopping center boasts a total of 261,891 square feet and features three suites, with 5,200 square feet currently vacant. The available space is divisible, offering units ranging from a minimum of 1,200 square feet to a maximum contiguous space of 2,400 square feet. The center enjoys a highly desirable location at the intersection of N. Atherton Street and Vairo Boulevard, in Centre County (zip code 16803). Its strategic placement less than one mile from Penn State University's main campus provides unparalleled access to a large and diverse customer base, including students and the surrounding community. The center's strong anchor tenant, a 202,634 square foot Walmart Supercenter, further enhances its appeal and draws significant foot traffic. The property's adjacency to several student housing complexes adds to its already robust customer demographic. This presents a unique opportunity for businesses seeking high visibility and a thriving market in a well-established shopping center. The property is ideal for a variety of retail uses, benefiting from its convenient location and strong anchor tenant. Interested parties should inquire about lease terms and availability.

    Property Features for 0 Atherton St. & Vairo Blvd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    261,891 SF

    Unit(s) available at that property

    Space
    Suite - W
    Size
    1,200 SF
    Space
    Suite - X
    Size
    2,400 SF

    HighLights

    • Walmart Supercenter anchored, 202,634 SF.
    • Excellent N. Atherton Street location, <1 mile from Penn State University.
    • Strong national tenant mix including Dollar Tree, Hallmark, McDonald's, GNC, GameStop, First National Bank, and T‑Mobile.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    State College
    County
    Centre
    State
    Pennsylvania
    Longitude
    -77.895262647795
    Latitude
    40.809129270406

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    FAQs

    What type of property is this?
    Retail property - Prime Retail, Penn State Proximity
    Where is this retail property located?
    The property is located at Atherton St. & Vairo Blvd State College, PA.
    What are key features of this property?
    This property features: Walmart Supercenter anchored, 202,634 SF.; Excellent N. Atherton Street location, <1 mile from Penn State University.; Strong national tenant mix including Dollar Tree, Hallmark, McDonald's, GNC, GameStop, First National Bank, and T-Mobile.
    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
    Atherton St. & Vairo Blvd State College, PA 16803
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