118 Atherton St State College, PA 16801-3826
This exceptional 21,500 square foot residential land parcel presents a remarkable development opportunity in the heart of State College, Pennsylvania. Located at 118 S Atherton St, 16801, this CID-zoned property boasts a highly desirable location, offering unparalleled access to the vibrant energy of the town. Its strategic position on South Atherton Street (Business Route 322), just off College Avenue, ensures high visibility and convenient access to a wealth of amenities. The property is within walking distance of Penn State University Park Campus and the bustling downtown area, placing it in close proximity to a large and diverse population. Furthermore, its adjacency to The Metropolitan at State College and proximity to Penn State University’s West Campus Expansion underscores its significant potential for future growth and appreciation. The site is also two blocks from The Residences at College and Atherton, a planned 455,000 square foot mixed-use development, and directly across the street from the Atherton Hotel, soon to be home to a new Graduate Hotel. This prime location provides premium access to the extensive retail, dining, and entertainment options along College Avenue and throughout State College. The property's APN is 360111950000. This is an unparalleled chance to capitalize on the thriving State College market and create a truly exceptional development.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
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.