Current Use by Public Records
- Pep Boys / (Bike/Boat/Book/etc) Store / Auto Parts Store
Property Details for 2268 College Ave
- Year built
- 1998
- Property type
- Retail properties & Spaces
Description
This exceptional 18,369 square foot retail property, located at 2268 E College Ave in State College, Pennsylvania, presents a unique investment opportunity. The single-story, Class B building was constructed in 1998 and sits on a sizable lot in Centre County. Currently, a portion of the building is occupied by a Pep Boys tire and auto repair operation under a long-term ground lease. A significant portion of the building, totaling 10,202 square feet, is currently vacant and available for lease. The vacant space offers considerable flexibility for a variety of uses. Potential tenants could include medical facilities (dialysis or plasma centers), childcare centers, pet care facilities, discount retailers, furniture stores, hardware stores, or automotive-related businesses that do not directly compete with the existing Pep Boys operations (e.g., collision centers, auto glass repair, or specialized auto parts). The property's location in State College, PA, 16801, offers excellent visibility and accessibility. The landlord is open to negotiating cash allowances for suitable tenants, contingent upon a rent structure that ensures a fair return on investment. This property is an ideal opportunity for investors seeking a strong foothold in the thriving State College market. The existing tenant provides a stable income stream, while the substantial vacant space allows for significant upside potential through new lease agreements. The property's size and location make it an attractive option for a variety of businesses.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- State College
- County
- Centre
- State
- Pennsylvania
- Longitude
- -77.8121
- Latitude
- 40.8223
