911 University Dr State College, PA 16801
- Office buildings
- 0.94 lot acres
Current Use by Public Records
- AgIntegrated / Software Company / Website Designer
- Dr. Upendra N. Thaker, MD / Anesthesiologist / Doctor
Property Details for 911 University Dr
- Lot size
- 0.94 lot acres
- Property type
- Office buildings
- APN
- 36-019-,221-,0000-
- APU
- 360192210000
Description
This two-story, brick office building in State College, PA offers over 10,812 square feet of space on a 0.94-acre lot. Located on University Drive, it boasts high visibility and ample parking for 40 vehicles. Built in 1975, the property features electric heating and a kitchen on each floor. Its convenient location offers easy access to sidewalks, bus routes, and bicycle paths, situated in a charming neighborhood near other professional businesses and single-family homes. The property is zoned PO and presents a significant investment opportunity with its prime location and substantial space. The asking price reflects the building's size, location, and potential for various business uses. This property is an excellent choice for businesses seeking a prominent and accessible location in State College. The combination of ample parking, high visibility, and convenient location makes this a truly exceptional opportunity. The building's solid construction and established location contribute to its long-term value and potential for growth. This is a rare chance to acquire a well-maintained, established office building in a thriving Pennsylvania community.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,580,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,480,000
- 6.5%
- $1,440,000
- 7%
- $1,365,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,580,000
- Geo Method
- $1,235,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,295,000
- Retail
- $1,475,000
- Mixed-Use
- $1,420,000
- Hospitality
- $1,210,000
- Educational
- $1,395,000
- Residential Income
- $1,415,000
- Energy
- $1,445,000
- Income-Based Land
- $1,375,000
- Food Service
- $1,345,000
Location Insight
- Map
- Local Demand
- City
- State College
- County
- Centre
- State
- Pennsylvania
- Longitude
- -77.8448
- Latitude
- 40.7979
- CBSA code
- 44300
- CBSA name
- STATE COLLEGE, PA METROPOLITAN STATISTICAL AREA