2901 College Ave State College, PA 16801
- Retail space
- 7.27 lot acres
Current Use by Public Records
- Spencer's / Lingerie Store / Novelty Store
- Good Scents Candle Co / Home Goods Store
- James P Johnson Attorney At Law / Bankruptcy Attorney
- AKS Security - Auman's Key Shop, LLC / Emergency Locksmith Service / Security System Installation Service
- Army Recruiting Office State College, PA / Recruiter / Military Recruiting Office
Property Details for 2901 College Ave
- Lot size
- 7.27 lot acres
- Property type
- Retail space
- APN
- 19-002B,089A,0000-
- APU
- 19002B089A0000
Description
This exceptional retail opportunity presents itself at the Nittany Mall, a prominent shopping center located at 2901 E College Ave in State College, Pennsylvania, 16801. The mall boasts a total of 533,000 square feet of retail space, offering a diverse range of tenancy options. Currently, there are multiple spaces available for lease, with a minimum divisible space of 595 square feet and a maximum contiguous space of 6,000 square feet. A significant amount of vacant space, totaling 74,092 square feet, presents a unique chance for businesses to establish or expand their presence within this thriving Centre County location. The property is ideally situated to capture significant foot traffic and offers excellent visibility. The flexible space options cater to a variety of retail needs, from smaller boutiques to larger retail establishments. This prime location in State College provides access to a robust consumer base and a strong local economy. The opportunity to lease space within the Nittany Mall represents a compelling investment in a well-established and successful retail environment. Interested parties should inquire about the available space and lease terms. The property is categorized as a shopping mall and is available for lease. The total building size is 533,000 square feet.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $3,065,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $3,900,000
- 6.5%
- $3,955,000
- 7%
- $3,950,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $3,575,000
- Geo Method
- $4,060,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $3,345,000
- Retail
- $3,240,000
- Mixed-Use
- $3,340,000
- Hospitality
- $4,175,000
- Educational
- $3,595,000
- Residential Income
- $3,780,000
- Energy
- $4,225,000
- Income-Based Land
- $4,445,000
- Food Service
- $4,245,000
Location Insight
- Map
- Local Demand
- City
- State College
- County
- Centre
- State
- Pennsylvania
- Longitude
- -77.8027
- Latitude
- 40.8316
- CBSA code
- 44300
- CBSA name
- STATE COLLEGE, PA METROPOLITAN STATISTICAL AREA
