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    1910 Atherton St State College, PA 16803

    For Sale
    $7,400,000

    High-yield multi-tenant retail property.

    Property size:
    11,312 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional retail investment opportunity presents two buildings totaling 11,312 square feet situated on a 1.69-acre lot at 1910 N Atherton St, State College, PA 16803. Built in 2016, the property boasts a strong 6.59% cap rate and is offered at $7,400,000. The property features a multi-tenant configuration with high-profile tenants including FedEx and Qdoba. Building A houses FedEx and another tenant, while Building B is occupied by Mattress Firm and Qdoba. The property benefits from a high-traffic location, experiencing an average daily traffic count of 20,769 vehicles. This is a NNN lease, meaning the tenants are responsible for most operating expenses, with the landlord responsible for roof, structure, and parking lot maintenance. This presents a low-maintenance, high-return investment opportunity in a thriving Pennsylvania market. The property's prime location and strong tenant mix make it an attractive investment for discerning buyers seeking stable income and long-term growth potential. The combined square footage of 11,312 provides ample space for current and future tenants. This is a turnkey investment ready for immediate income generation.

    Property Features for 1910 Atherton St

    General Information

    Property type
    Retail properties
    Square Feet
    11,312 SF
    Lot Size
    73,616 SF

    Building Details

    Year Built
    2016
    Buildings
    2

    HighLights

    • FedEx and Great Clips anchor Building A.
    • Mattress Firm and Qdoba anchor Building B.
    • 1.69‑acre site.
    • Landlord responsible for roof, building structure, and parking lot maintenance.
    • High traffic count: 20,769 vehicles per day (VPD).
    Property Profile Location Intelligence

    Current Use by Public Records

    Matress FIRM Bicycle ... Bicycle Rack

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    State College
    County
    Centre
    State
    Pennsylvania
    Longitude
    -77.9054075
    Latitude
    40.8086849

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    FAQs

    What type of property is this?
    Retail property - High-yield multi-tenant retail property.
    Where is this retail property located?
    The property is located at 1910 Atherton St State College, PA.
    What is the asking price?
    The asking price for this property is $7,400,000.
    What are key features of this property?
    This property features: FedEx and Great Clips anchor Building A.; Mattress Firm and Qdoba anchor Building B.; 1.69-acre site.
    Request Owner's contact information
    1910 Atherton St State College, PA 16803
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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
    1910 Atherton St State College, PA 16803
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