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Property profile & analytics
FOR LEASE
Retail space

2901 E College Ave State College, PA 16801

7.27 ac lot
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US73-3561648
Property summary
AI-generated overview

This exceptional retail opportunity presents itself at the Nittany Mall, a prominent shopping center located at 2901 E College Ave in State College, Pennsylvania, 16801. The mall boasts a total of 533,000 square feet of retail space, offering a diverse range of tenancy options. Currently, there are multiple spaces available for lease, with a minimum divisible space of 595 square feet and a maximum contiguous space of 6,000 square feet. A significant amount of vacant space, totaling 74,092 square feet, presents a unique chance for businesses to establish or expand their presence within this thriving Centre County location. The property is ideally situated to capture significant foot traffic and offers excellent visibility. The flexible space options cater to a variety of retail needs, from smaller boutiques to larger retail establishments. This prime location in State College provides access to a robust consumer base and a strong local economy. The opportunity to lease space within the Nittany Mall represents a compelling investment in a well-established and successful retail environment. Interested parties should inquire about the available space and lease terms. The property is categorized as a shopping mall and is available for lease. The total building size is 533,000 square feet.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Lot 7.27 ac (316,681 SF)
APN 19-002B,089A,0000-
UPID US73-3561648
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
  • Spencer's (Bike/Boat/Book/etc) Store
  • Good Scents Candle Co Home Decor Store Department Store
  • James P Johnson Attorney At Law Law Firm Financial Advisor
  • AKS Security - Auman's Key Shop, LLC Locksmith
  • Army Recruiting Office State College, PA Employment Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$3.10M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.29M
Owner & transaction history
Harold Altman INC · 3 yrs held
Harold Altman INC
since 2023
Last sale
$3.5M
4 recorded transactions
2023
Price N/A
2021
$3.5M
2020
$3.7M
2005
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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