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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

131 Hiester St State College, PA 16801

529,922 SF
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Total area 529,922 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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