131 Hiester St State College, PA 16801
This Class A, 12-story mixed-use building at 131 Hiester Street in State College, Pennsylvania offers prime office space for lease. The building totals 529,922 square feet, with a minimum divisible space of 1,255 square feet and a maximum contiguous space of 17,143 square feet. Currently, there are four suites available, with a total of 49,080 square feet of vacant space. The property features 130 parking spaces and is ideally located in the heart of downtown State College, within walking distance of numerous popular restaurants and retailers, including Dunkin', Chipotle, Urban Outfitters, Jimmy John's, and Primanti Bros. The building is also conveniently located a half block from Pennsylvania State University, a top 20 public research university with over 47,000 students. This vibrant location offers excellent visibility and accessibility, making it an ideal space for businesses seeking a thriving downtown presence. The building is part of a larger development that includes a 228-unit luxury student apartment building with over 755 beds. This ensures a high volume of foot traffic and a strong potential customer base. The property is situated in Centre County and has a 16801 zip code.
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.