Centre County, PA Restaurants for Rent & Lease

Updated: Oct 28, 2025

Retail and Restaurant Space Available

338 West College Avenue, State College, PA

Contact for pricing

3,311 sqft 0.08 AC lot

Located at the highest vehicular intersection in downtown State College, providing fantastic visibility.
At the doorstep of Penn State University, a major economic driver with 40,000 employees and 45,000 students.
Benefits from $500M in annual spending by Penn State employees and students.
Part of a 1,000‑bed student housing development, ensuring a built‑in customer base.
Walking distance to Penn State’s main campus, best‑in‑class retail tenants, and other off‑campus student housing.

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Updated: Jul 15, 2024

Benner Pike Commercial Pad Site

2780 Benner Pike, Bellefonte, PA 16823

$35 SF/Yr

12,000 sqft

12,000 sq. ft. pad available for build to suit.
Prime exposure within Centre County.
Convenient location between Rutter's and Sheetz.
One minute from I‑99 Interchange to State College and Penn State.
Permitted uses include restaurants, taverns, office, retail, and entertainment.

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Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Centre County, PA, we suggest exploring alternatives. Similar 8 Properties for Sales.

Similar Spaces for Sale in Centre County, PA

Consider Similar Space for Sale. We found 8 Spaces matching your search parameters.

Two-Story Brick Office and Retail

4576 Penns Valley Rd, Spring Mills, PA 16875

$500,000

13,592 sqft 2.52 AC lot

Two brick buildings totaling medical and retail-ready space with ample on-site parking for flexible commercial use.

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Hospitality Property with Restaurant and Motel

1535 Port Matilda Hwy, Philipsburg, PA 16866

$1,200,000

12,568 sqft

A 16-room motel with an on-site restaurant featuring two bars and multiple dining areas, plus ample guest parking.

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Restaurant and Bar For Sale

1669 N Atherton St, State College, PA 16803

$1,750,000

2,500 sqft

Bar and conventional restaurant available for sale on North Atherton Street in State College, Pennsylvania.

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Three-Level Restaurant with Commercial Kitchen

559 N Pennsylvania Avenue, Centre Hall, PA 16828

$1,777,000

33,486 sqft

Three levels totaling 33,486 sq ft, including a large commercial kitchen, elevator access, and an outdoor deck with retractable roof.

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Stand-Alone Restaurant with Patio

1905 Waddle Rd, State College, PA 16803

Contact for pricing

7,000 sqft

Standalone restaurant building with dedicated patio seating for foodservice concepts.

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Multi-Use Entertainment Center

1521 Martin St, State College, PA 16803

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37,500 sqft 3.25 AC lot

Bowling alley, sports bar/restaurant, and motel on multiple acres near N Atherton retail corridor.

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Drive-Through Restaurant Opportunity

1515 PORT MATILDA HWY, Philipsburg, PA 16866

$325,000

Turn-key restaurant with drive-thru window, seating for 28, and updated equipment including walk-in coolers and freezer.

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State College Retail Investment Opportunity

Address Not Disclosed, State College, PA

$130,000

900 sqft

900 SF retail or restaurant space in State College.

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Centre County, PA Restaurants Market Trends and Statistics

Explore Restaurants leasing options in Centre County, PA with 2 listings featured on our commercial real estate exchange. The current inventory includes 15,311 square feet of properties with an estimated lease value of $35.

Estimated lease rates for Restaurants in Centre County, PA average $35 SF/Yr.