Property profile

126 W College Ave State College, PA 16801

FOR LEASE
Retail space
Property ID
US73-3687390
Entity Owned 8-yr Hold
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Property summary

AI-generated overview

126 West College Avenue is centrally located in the heart of Downtown State College directly across from Penn State University campus. The property’s positioning offers immediate access to vehicle traffic, as well as all of the foot traffic from students and visitors to the area. The site benefits from significant foot traffic in Downtown State College, as well as the nearby student housing population. The building also includes a fully built out basement, break room, and bathroom. The property presents a rare opportunity for a Tenant to enter into the Downtown State College retail market.

Property profile

Verified
Property type Retail space
UPID US73-3687390

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Art Gallery

Location

126 W College Ave State College, PA 16801
State College metro
Google Maps

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
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Owner & transaction history

since 2018
1 recorded transaction
2018
$1.5M

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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