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Property profile & analytics

2766 College Ave State College, PA 16801-2647

  • Office buildings
  • 0.12 lot acres
OFF-MARKET
Value Estimation
$230,000
Location Intelligence
Property ID
US73-4321217
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Scraps & Skeins / Craft Store
  • Board & Brush Creative Studio - State College / Art Studio / Artistic Handicrafts
  • Old Main Frame Shop & Gallery / Digital Printing Service / Interior Designer
  • Long Ridge Construction / Home Builder
  • Amy Flick / Physical Therapist

Property Details for 2766 College Ave

Lot size
0.12 lot acres
Property type
Office buildings
APN
24-004-,070R,0005-
APU
24004070R0005

Description

Ferguson Square, located at 2766 W College Ave in State College, PA (16801), offers exceptional commercial space for lease. This 15,000 square foot, two-story Class B building, constructed in 1983 and renovated in 2015, sits on 1.44 acres of land and boasts 150 parking spaces. Two available suites, totaling 4,069 square feet of vacant space, offer flexible layouts ranging from 1,919 to 2,150 square feet each, with the possibility of combining for a total of approximately 4,000 square feet. Each suite features a private entrance and restrooms, and the free-span structure allows for easy customization to suit tenant needs. Previously used for medical offices, these versatile spaces are ideal for a variety of uses, including medical, retail, restaurant, or general office. The building benefits from high visibility and signage along West College Avenue, a high-traffic corridor with significant residential and business density. Ample free parking is available directly in front of the building. The property is zoned commercial and features a 10-foot ceiling height. Utilities are not included in the competitive lease rate of $18.50 per square foot per year (triple-net and CAM charges are included). The property's location benefits from recent and planned developments of student housing and residential projects in the immediate vicinity, creating a strong potential customer base. This presents a unique opportunity for businesses seeking a prime location in a thriving area.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $245,000
  • CAP approach

    CAP return
    Estimation
    6%
    $210,000
    6.5%
    $210,000
    7%
    $190,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $160,000
    Geo Method
    $180,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $220,000
    Retail
    $190,000
    Mixed-Use
    $195,000
    Hospitality
    $175,000
    Educational
    $205,000
    Residential Income
    $165,000
    Energy
    $170,000
    Income-Based Land
    $165,000
    Food Service
    $215,000

Location Insight

  • Map
  • Local Demand
City
State College
County
Centre
State
Pennsylvania
Longitude
-77.8822
Latitude
40.7648
CBSA code
44300
CBSA name
STATE COLLEGE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$3,775
$18,735
$46,460
$65,195
-
$37,470
$92,920
$130,390
More about this property
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