Property profile

1963 Cato Ave State College, PA 16801

OFF-MARKET
Office Spaces
8,232 SF 1.6 ac lot Built 1986
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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

Location

1963 Cato Ave State College, PA 16801
State College metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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