1536 Atherton St State College, PA 16803-3041
- Retail space
- 1.74 lot acres
Current Use by Public Records
- Rite Aid Pharmacy / Pharmacy
- Gerard M. Powell, RPH / Pharmacy
- David Cantu, RPh / Pharmacy
- Rite Aid / Drug Store / Beauty Supply Store
- Western Union / Money Transfer Service
Property Details for 1536 Atherton St
- Lot size
- 1.74 lot acres
- Property type
- Retail space
- APN
- 24-010-,006-,0000-
- APU
- 240100060000
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $3,370,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $4,115,000
- 6.5%
- $3,730,000
- 7%
- $3,695,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $3,615,000
- Geo Method
- $3,985,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $3,365,000
- Retail
- $3,505,000
- Mixed-Use
- $3,300,000
- Hospitality
- $3,440,000
- Educational
- $3,415,000
- Residential Income
- $4,295,000
- Energy
- $4,155,000
- Income-Based Land
- $3,380,000
- Food Service
- $3,915,000
Location Insight
- Map
- Local Demand
- City
- State College
- County
- Centre
- State
- Pennsylvania
- Longitude
- -77.8916
- Latitude
- 40.8066
- CBSA code
- 44300
- CBSA name
- STATE COLLEGE, PA METROPOLITAN STATISTICAL AREA