171 Technology Dr, Boalsburg, PA 16827-1635
This exceptional investment opportunity presents a fully occupied, multi-tenant flex space totaling 16,892 square feet, situated at 171 Technology Drive in Boalsburg, Pennsylvania, 16827. The property, built in 1960 and boasting a Light Industrial zoning permit, comprises a single, two-story building with eight individual units, each currently leased. The asking price is $650,000, translating to $38.48 per square foot and $81,250 per unit. The property enjoys 100% occupancy with a gross lease structure. Eight tenants currently occupy the space, many with long-term leases extending to February 29, 2028. The building features an 8-foot ceiling height. Its strategic location at the Boalsburg interchange of US Route 22/US Route 322 ensures high visibility and accessibility, making it an ideal investment in the thriving central Pennsylvania market near State College. The property's parcel number is 25-013-,113-,0001-. This is a rare chance to acquire a stable, high-performing commercial property with significant long-term potential. No ground lease is in place.
-
UFIT THRIVE Physician
-
PrinterMech Toner Cartridge Supplier
-
1-Tom-Plumber Plumbing Service General Contractor
-
State College Community Theatre Theater & Performing Art Venue
-
Michael L Norris & Associates Inc Electrical Engineer Engineer
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
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.