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Property profile & analytics
OFF-MARKET Estimated value $3,600,000
Retail space

1536 Atherton St State College, PA 16803-3041

1.74 ac lot
Entity Owned 5-yr Hold Free & Clear
Property ID
US73-3568652
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Lot 1.74 ac (75,794 SF)
APN 24-010-,006-,0000-
UPID US73-3568652
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
  • Rite Aid Pharmacy Pharmacy
  • Gerard M. Powell, RPH Pharmacy
  • David Cantu, RPh Pharmacy
  • Rite Aid Pharmacy
  • Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$3.33M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.60M
Owner & transaction history
Kohl 1536 N Atherton LLC · 5 yrs held
Kohl 1536 N Atherton LLC
since 2021
Last sale
$3.9M
5 recorded transactions
2026
Price N/A
2021
$3.9M
2019
Price N/A
2017
Price N/A
2014
$3.8M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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