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Retail Space Near Penn State
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Colonnade Blvd, State College, PA 16803

68,633 SF retail space in State College, PA.

Property Size68,633 SF
Days on Market262

Property Features for Colonnade Blvd

General Information

Standard status Active
Size 68,633 SF
Property subtype Retail

Building Details

Building Size 68,633 SF

Properties For Sale

at Colonnade Blvd Contact us

1

Size
20,000 SF
Type
Inline
Term
Negotiable
Contact us

Unit 2A

Size
10,000 SF
Type
Inline
Term
Negotiable
Contact us

Unit B

Size
15,383 SF
Type
Inline
Term
Negotiable
Contact us

Unit C

Size
23,250 SF
Type
Endcap
Term
Negotiable
Contact us
Listing Agency:
Listed By: Andrew Shpigel
Source: Metrocommercial
Added: Nov 21, 2025 Changed: Aug 8 Last Checked: Aug 8 at 12:04PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Andrew Shpigel

Investment Insights

Based on property information with market context.

This 68,633 square foot retail space is located in State College, Pennsylvania, within the Penn State University trade area. The property is positioned within a 15-minute drive of approximately 100,000 people. The location represents a rare opportunity within a high barrier to entry market, offering flexible configurations for large anchor tenants. This dominant center presents a rare opportunity for new construction space.

Key Highlights

  • Dominant center in the Penn State University / State College trade area
  • Rare large format new construction space available
  • Rare opportunity in high barrier to entry market

Property Analytics

Current Use

Bicycle rack Bicycle Rack Wegmans Delivery & Curbside ... Take-out & Catering Wegmans Wine & Beer Specialty Food Shop Wegmans Grocery & Convenience Store Sally Beauty (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Building Supply Real Estate Agency Law Firm Auto Repair Shop Big Box & Wholesale Store Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

498
Businesses Nearby
689k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Superstores 34% Shops & Services 20% Dining 17% Apparel 15%
Walmart Superstores
120,865 visits/mo 0.4 miles
Target Superstores
113,849 visits/mo 0.4 miles
Sheetz Shops & Services
62,282 visits/mo 0.1 miles
Kohl's Apparel
59,160 visits/mo 0.3 miles
Trader Joe's Groceries
51,418 visits/mo 0.4 miles

Demographics for 16803, PA

24,751
Population
12,155
Households
2
Avg Household Size
29
Median Age
74%
College-Educated
98%
High-School Grad
23.0 sq mi
ZIP Area
1,076
Density / Sq Mi
$71,993
Median Household Income
$35,405
Median Earnings
$1,363
Median Rent
$395,800
Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Similar Off Market Nearby

  • Colonnade at State College N Atherton St, State College, PA 16803
  • Village Square 18-012-,175-,0000, 1688 N Atherton St, State College, PA 16803

Frequently Asked Questions

What type of property is this?
Shopping center - 68,633 SF retail space in State College, PA.
Where is this shopping center located?
The property is located at Colonnade Blvd State College, PA.
What are key features of this property?
This property features: Dominant center in the Penn State University / State College trade area; Rare large format new construction space available; Rare opportunity in high barrier to entry market
More about this property
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