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Property profile & analytics
FOR SALE
Commercial land

2123 E College Ave State College, PA 16801

0.52 ac lot
Entity Owned 7-yr Hold
Property ID
US73-3699605
Property summary
AI-generated overview

This exceptional commercial property at 2123 E College Ave in State College, PA, offers a unique opportunity to acquire or lease office space. The property consists of two, single-story buildings totaling 5,000 square feet, situated on a 1.7-acre lot. Currently featuring a showroom space, the 1,250 square feet of vacant space is adaptable to various uses. Built in 2009 and renovated in 2018, the property boasts a modern, open floor plan with 9-foot ceilings and sleek finishes. The convenient location along a high-traffic thoroughfare (over 22,000 vehicles daily) provides excellent visibility and accessibility, with easy access to Route 322. The property is zoned C1-Commercial General and features 56 total parking spaces. The building is a Class B property with multiple tenants. The condo association handles exterior maintenance, simplifying ownership. Utilities, trash, and janitorial services are the responsibility of the tenant. APN: 19-004A,017-,2123D. This is an ideal location for businesses seeking high visibility and convenient access to a substantial population center in the State College submarket of Centre County.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.52 ac (22,651 SF)
APN 19-004A,017-,0000-
UPID US73-3699605
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
  • Weaver Memorials General Contractor
  • BAYADA Pediatrics Home Health Care Service
  • Apple Fitness Equipment Gym & Fitness Center (Bike/Boat/Book/etc) Store
  • BAYADA Adult Nursing Home Health Care Service
  • Apple Fitness Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Carlton Associates LLC · 7 yrs held
Carlton Associates LLC
since 2018
5 recorded transactions
2022
Price N/A
2018
$215,000
2018
$205,000
2018
$197,000
2012
$500,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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