1423 Atherton St State College, PA 16803-3040
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.
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CJ Wagner CPA Accounting Firm
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M&T Bank ATM Atm
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Universal Settlement Services of PA, LLC. Title Company
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S F & Co Financial Advisor
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Irwin Bruce CPA Accounting Firm Tax Preparation
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
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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.