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Property profile & analytics
OFF-MARKET Estimated value $1,085,000
Office buildings

1423 Atherton St State College, PA 16803-3040

0.81 ac lot
Entity Owned Absentee Owner Free & Clear
Property ID
US73-3561923
Property summary
AI-generated overview

This exceptional Class A office building, located at 1423 N Atherton Street in State College, Pennsylvania, presents a unique investment opportunity. The property boasts 6,000 square feet of meticulously maintained space, currently configured as a former bank suite, and includes a highly desirable drive-thru feature. Situated on a prominent corner lot, the building enjoys exceptional visibility from the busy N Atherton Street corridor, which sees an average annual daily traffic count of 22,146 vehicles. Ample parking is available for tenants and visitors, adding to the property's convenience and appeal. Its strategic location offers close proximity to Penn State University and is just minutes away from the vibrant downtown State College area. The asking price for this turnkey property is $1,600,000, translating to a price per square foot of $266.67. The first-floor layout, combined with the drive-thru, makes this an ideal location for a financial institution, or any business seeking high visibility and convenient access. The property's excellent condition and prime location ensure a strong return on investment for the discerning buyer. The zip code is 16803, and the property is situated in Centre County. This is a rare opportunity to acquire a well-positioned, high-quality office building in a thriving Pennsylvania market.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Lot 0.81 ac (35,284 SF)
APN 24-013-,138-,0000-
UPID US73-3561923
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
Current use
Occupant on record · Public records
  • CJ Wagner CPA Accounting Firm
  • M&T Bank ATM Atm
  • Universal Settlement Services of PA, LLC. Title Company
  • S F & Co Financial Advisor
  • Irwin Bruce CPA Accounting Firm Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.08M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.09M
Owner & transaction history
MIDSTATE BANK & TRUST CO · 1 yrs held
MIDSTATE BANK & TRUST CO
since 2025
Last sale
$1.1M
1 recorded transaction
2025
$1.1M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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