129 Pugh St State College, PA 16801
This exceptional 5,390 square foot restaurant space is available for lease at 129 S Pugh Street in State College, Pennsylvania, 16801. The property boasts a single-tenant occupancy, offering a blank canvas for a discerning restaurateur. The entire 5,390 square feet is currently vacant, providing immediate occupancy for a new business. The building is equipped with 3-phase power, essential for the demands of a modern commercial kitchen and restaurant operation. Located on South Pugh Street, this property benefits from high visibility and foot traffic, placing it in the heart of a vibrant and bustling commercial district. The address is ideally situated to capture both student and local clientele, offering significant potential for a successful culinary venture. The property's size and layout provide ample space for a full-service restaurant, including a dining area, kitchen, and potentially additional features such as a bar or outdoor seating (subject to local regulations and approvals). This is a rare opportunity to establish a thriving restaurant business in a prime State College location. The property's single-tenant status offers complete control and customization for the new tenant. Interested parties are encouraged to inquire promptly to secure this exceptional space. The property is ready for immediate occupancy. The building's size and location make it an ideal opportunity for a variety of restaurant concepts.
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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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.