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    OFF-MARKET
    Office Spaces

    1963 Cato Ave, State College, PA 16801

    8,232 SF 1.6 ac lot Built 1986
    Property ID
    Property summary
    AI-generated overview

    This exceptional office space, located at 1963 Cato Ave in State College, PA 16801, offers immediate occupancy within the desirable Cato Park submarket. The Cato Building A, a Class B property built in 1986 and renovated in 2018, provides 8,232 square feet of versatile office space across five suites in a two-story building. Currently, 4,772 square feet are available, divisible into spaces ranging from 2,386 to 4,772 contiguous square feet. The space features 14-foot high ceilings, abundant natural light from operable windows, upgraded laminate flooring, and a kitchenette. On-site parking is readily available directly in front of the building, with additional parking also provided. The building is zoned IRD-Industrial Research & Development, making it suitable for a variety of professional uses, including but not limited to: professional offices, creative spaces, light assembly, law offices, engineering firms, and government offices. The property sits on 1.6 acres of land and is conveniently located near Research Drive. Power is supplied at 240v, single-phase. While there are no elevators, the two-story building offers easy accessibility. This is a fantastic opportunity for businesses seeking flexible, high-quality office space in a prime State College location. The property features a mix of private offices and open space, ideal for a growing and adaptable business.

    Property profile
    Verified
    Property type Office Spaces
    Year built 1986
    Total area 8,232 SF
    Lot 1.6 ac (69,696 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
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