State College, PA Restaurants for Rent & Lease

Updated: Oct 28, 2025

Ground Floor Retail Restaurant Space

338 West College Avenue, State College, PA 16801

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4,918 sqft

±11,473 SF ground‑floor retail and restaurant space in a 1,000‑bed student housing development
Fantastic visibility at the highest vehicular intersection in downtown State College
Walking distance to Penn State’s main campus and other off‑campus student housing
Delivered September 2021 (new construction)
At the doorstep of Penn State University (over 40,000 employees and 45,000 students)

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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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Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 2 Active listings in State College, PA, we suggest exploring alternatives. Consider Similar 4 Spaces in Nearby Cities, and Similar 5 Properties for Sales.

Restaurants for Lease in Nearby Cities

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

Plumbed Food Service Retail Space

406 S Logan Blvd, Altoona, PA 16602

$1,600/Mo

500 sqft

Storefront with large front windows and existing plumbing for a 3-compartment sink and grease trap.

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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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Restaurant Space with Equipment

Altoona, PA 16602

$1,800/Mo

1,620 sqft

Over 1,600 square feet with furnishings, equipment, and an NNN lease structure.

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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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Similar Spaces for Sale in State College, PA

Consider Similar Space for Sale. We found 5 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

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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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Restaurant and Bar For Sale

1669 N Atherton St, State College, PA 16801

$1,750,000

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

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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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Bar and Bottle Shop Businesses

222 W. Beaver Ave, State College, PA 16801

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Two established operations combine beverage retail with a full-service lounge concept on Beaver Avenue.

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State College, PA Restaurants Lease Rates & Market Statistics

Explore 2 Restaurants for lease in State College, PA on Realmo, a commercial real estate exchange covering the State College area. The current inventory totals 8,229 square feet of properties.

State College accounts for 67% of the 3 restaurants currently available across Centre County, where a nearby market includes Bellefonte.

State College, PA Restaurants for Lease

338 West College Avenue, State College, PA 16801

338 West College Avenue, State College, PA