1536 Atherton St State College, PA 16803-3041
This single-tenant, 10,240-square-foot building presents a unique investment opportunity in State College, Pennsylvania. Located at 1536 N Atherton St, this Class B property boasts excellent visibility and accessibility, situated on a signalized corner with convenient entrances from both Aaron Drive and North Atherton Street. The property includes a drive-through area, adding to its versatility and appeal. Built in 1999, the one-story building sits on a 1.74-acre lot and offers ample parking with 55 spaces. Currently vacant, this property is zoned for General Commercial use, allowing for a variety of potential uses including retail, traditional office, or medical office space. The property's location on the North Atherton corridor benefits from high traffic volume, further enhanced by the proposed construction of a Wawa convenience store directly across the street. The property features no elevators. The APN is 24-010-,006-,0000- in Centre County. This is an exceptional opportunity to acquire a well-positioned property with significant potential for growth and return on investment. The building's single-tenant occupancy simplifies management and leasing. The property's size and features make it suitable for a variety of businesses seeking a prominent location in a thriving community.
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Rite Aid Pharmacy Pharmacy
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Gerard M. Powell, RPH Pharmacy
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David Cantu, RPh Pharmacy
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Rite Aid Pharmacy
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Western Union Bank Credit Union
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.