Gateway Dr State College, PA 16801
- Office Properties & Spaces
- 25,128 SF
- 1.80 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 0 Gateway Dr
- Year built
- 2003
- Lot size
- 1.80 lot acres
- Property size
- 25,128 SF
- Property type
- Office Properties & Spaces
- Property subtype
- Medical offices
Description
Exceptional investment opportunity in State College, PA. This three-story, 25,128 square foot office building, constructed in 2003 and renovated in 2016/2017, is situated on a 1.8-acre lot and features 96 parking spaces. Currently 83% occupied with three tenants, the building offers nine divisible suites, including coveted medical/dental space – a rare commodity in the State College market. The building boasts high efficiency and is zoned IRD (Corridor Overlay). With an asking price of $4,000,000 ($159.18/sq ft), this property presents a cost-effective alternative to new construction or renovation, allowing immediate occupancy and potential rental income from additional suites. The property's location along West College Avenue provides excellent visibility and accessibility. Full occupancy is projected for April 3, 2024. This is a turnkey opportunity to acquire a well-maintained, high-demand office building in a thriving Pennsylvania market. The APN is 24-465-,003-,0000-.
Value Estimation
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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
- -77.8834
- Latitude
- 40.7674
