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Property profile & analytics
FOR SALE
Commercial land

109 Grace Ave Centre Hall, PA 16828

Property ID
US73-3388015
Property summary
AI-generated overview

COMMERCIAL LAND AVAILABLE WITH FRONTAGE ALONG RT. 45 IN CENTRE HALL Positioned for prime commercial development with frontage along Rt. 45 in the up-and-coming Centre Hall, just a short drive from downtown State College, this 3.9-acre parcel of land offers immense potential at a competitive price of $695,000. This parcel offers 3.9 acres of land with 287 feet +/- of frontage along the northern side of State Route 45 and a second access point along Homan Drive with 150 feet +/- of frontage. Two rentable mobile homes and several shed outbuildings are located on the property to allow for income while securing approvals to develop the property to its full commercial potential. The site has amazing commercial potential, being located near the Grange Fair property, along with upcoming developments on the opposite side of Rt. 45 at the former Land Pro building and at the intersection of Rt. 144 and Rt. 45 with the development of a WAWA convenience store and other development. Don't miss out on this rare chance to secure a valuable piece of commercial real estate in an area with strong potential for continued residential and commercial growth. Take advantage of this opportunity to shape your business's future and capitalize on the promising location. Contact us today for more information

Property profile
Verified
Property type Commercial land
UPID US73-3388015
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
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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