109 Grace Ave, Centre Hall, PA 16828
For Sale
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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
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.