127 Allen St State College, PA 16801
This exceptional 3,750 square foot retail or restaurant space at 127 South Allen Street in State College, Pennsylvania, presents a unique opportunity. Located in the heart of downtown, between Beaver Avenue and College Avenue, this property enjoys high pedestrian traffic as it's a primary walkway to Penn State's campus. The building, constructed in 1973, boasts a charming brick exterior and has undergone recent renovations, featuring updated flooring and lighting. The interior showcases high ceilings, creating an attractive industrial aesthetic. The property is zoned CS and has an APN of 36-012-,054-,0000. The entire 3,750 square feet is currently vacant and available for lease. The space is a single-tenant occupancy. Additional space in the rear of the building may also be available for lease, providing potential for expansion. Lease terms are negotiable. This is a rare chance to secure a prominent retail or hospitality location in a thriving, high-traffic area of State College. The current business occupying the space is not included in the sale and will be relocating to a neighboring property.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.