State College, PA Restaurants for Rent & Lease

Updated: Nov 24, 2025

Retail and Restaurant Space Available

338 West College Avenue, State College, PA

Contact for pricing

3,311 sqft

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: Oct 14, 2025

Restaurant Space with Outdoor Patio

226 W College Ave, State College, PA

Contact for pricing

3,865 sqft

Excellent visibility
Outdoor patio
QSR available for Sublease

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New Retail Plaza in State College

250 Squirrel Dr, State College, PA 16801

$25 SF/Yr

25,000 sqft

New retail plaza near Penn State with flexible lease options.

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Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center

Based on your search, we've compiled 14 Potential Opportunities for your consideration. Besides 3 Active listings in State College, PA, we suggest exploring alternatives. Consider Similar 4 Spaces in Nearby Cities, and Similar 3 Properties for Sales.

Restaurants for Lease in Nearby Cities

Here are 4 Similar Spaces we found in Nearby Locations for your consideration.

Three-Floor Restaurant Building with Bar

26 W HIGH ST, Carlisle, PA 17013

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5,070 sqft

Three-floor downtown restaurant space with all-electric kitchen, two bar areas, and operator-ready sound and security systems.

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Established Corner Restaurant Opportunity

5155 Simpson Ferry Rd, Mechanicsburg, PA 17050

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1,100 sqft

Corner retail/restaurant location available for lease.

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Retail and Restaurant Spaces Available

1958 Spring Rd, Carlisle, PA 17013

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Former bank and restaurant spaces for lease on Spring Rd.

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Established Restaurant Location Available

5155 Simpson Ferry Rd, Mechanicsburg, PA 17050

Contact for pricing

Corner retail/restaurant space for lease or sale.

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Similar Spaces for Sale in State College, PA

Consider Similar Space for Sale. We found 3 Spaces matching your search parameters.

Stand-Alone Restaurant with Patio

1905 Waddle Rd, State College, PA 16803

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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

Contact for pricing

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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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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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Fallston Commercial Land for Lease

2401 Pleasantville Road, Fallston, MD 21047

Contact for pricing

2.96 acre commercially zoned land in Fallston, Maryland.

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Commercial Land at Major Intersection

12640 Lord Fairfax Hwy, Boyce, VA 22620

$192,000 SF/Yr

8 acres of commercial land for ground lease.

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Heavy Commercial Development Land

6233-6235 State Route 88, Finleyville, PA 15332

$997,500/Mo

Shovel-ready C3 parcel with utilities in place, offering space for a commercial operation and expansion flexibility.

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Commercial Land Parcel with Utilities

2585 Maple Lane, Pittsburgh, PA 15241

$50,000/Mo

Level, fully serviced commercial parcel with approvals in place and signage permitted up to 20 sq ft.

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State College, PA Restaurants Market Trends and Statistics

Explore Restaurants leasing options in State College, PA with 3 listings featured on our commercial real estate exchange. The current inventory includes 25,000 square feet of properties with an estimated lease value of $25 SF/Yr.

Estimated lease rates for Restaurants in State College, PA begin at $25 SF/Yr, with an average of $25 SF/Yr and extend to $25 SF/Yr.

Featured State College Real Estate Agencies

Realmo connects you with licensed State College CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

RE/MAX Centre Realty

1375 Martin St State College, PA 16803

Phone: 18142802177

www.statecollegehomes.com/

Yocum Real Estate Centre LLC

State College, PA 16803