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Property profile & analytics
OFF-MARKET Estimated value $11,800,000
Turn key restaurants

418 Westerly Pkwy State College, PA 16801-5903

2.95 ac lot
Entity Owned Absentee Owner Free & Clear
Property ID
US73-3616656
Property summary
AI-generated overview

Invest in a thriving retail center at Westerly Parkway Plaza, a multi-tenant strip center boasting 246,838 square feet of space in Centre County. This prime location offers exceptional visibility from South Atherton Street, a major thoroughfare, placing your business within easy reach of a large customer base. The plaza benefits from ample parking, ensuring convenient access for shoppers. Strong national and local co-tenants, including Weis Market, Crunch Fitness, Domino's Pizza, and Toasted Bagel Café, create a vibrant and attractive retail environment. Multiple spaces are available, with a minimum divisible space of 1,147 square feet and a maximum contiguous space of 6,562 square feet. Currently, 20,651 square feet is vacant. Additionally, a ±1-acre outparcel is available for lease, ideal for a quick-service restaurant, bank, or small retailer. This outparcel presents an opportunity for redevelopment or retrofitting of an existing 1,975-square-foot building, available October 1, 2026. The plaza's strategic location, just one mile from Penn State University and within the State College Borough, ensures high foot traffic and visibility. Its proximity to State College Area High School and numerous high-end student housing complexes further enhances its appeal. This is a remarkable opportunity to establish or expand your business in a dynamic and densely populated area.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Lot 2.95 ac (128,502 SF)
APN 36-021-,034-,0000-
UPID US73-3616656
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$11.80M
Owner & transaction history
State College Joint Venture
State College Joint Venture
since 2025
Last sale
$11.8M
1 recorded transaction
2025
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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