253 Easterly Pkwy State College, PA 16801
The Parkway Office Center, a well-maintained 8,600 square foot office building constructed in 1964, presents a unique investment opportunity in State College, Pennsylvania. Located at 253 Easterly Parkway, this multi-tenant property offers flexible space options, with a minimum divisible unit of 1,700 square feet. The building caters to a variety of office needs, including medical, executive, and traditional office uses. Its convenient location offers unparalleled access to amenities. Situated within the State College Borough, the property is conveniently located near an elementary school, public transportation, bike paths, sidewalks, and the vibrant downtown area. Furthermore, its proximity to Penn State University (less than a mile) and shopping centers (half a mile) ensures high visibility and accessibility. Landlord-provided utilities and building maintenance significantly reduce operational costs for tenants, focusing their attention on core business operations. This exceptional location, combined with the building's versatile layout and cost-effective operation, makes the Parkway Office Center an attractive option for businesses seeking a strategic and supportive environment in State College. The property's zip code is 16801.
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Lighthouse Medical Medical Clinic
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Peggy E. Nadenichek, MED Medical Clinic Physician
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Centre Health Network LLC Medical Clinic
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Johnson John H MD Physician
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Allergy And Asthma Specialist LLC Physician Medical Clinic
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
Similar Nearby for Lease
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.