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522 E College Ave
State College, PA 16801

Ground Floor Retail - For Sale or Lease · Retail Property For Sale

Investment Highlights

  • The property comes equipped with ample parking and monument signage availability.

Executive Summary

Location, location, location. It doesn’t get much better than this. FOR SALE OR LEASE ($29/sqft) 6,500 square feet of Commercial first floor store front property. Directly across from Penn State University campus on the main one-way, two-lane road into the State College Business District. Pick the audience for your proposed subject business from the surrounding buildings including the new Rise, the Barcroft 48 residential condos above (which have been increasing in value from $23,000 to recent sales of $150,000 and more per unit), South Halls, The Legend, Park Hills, Campus Tower, Armenara, Bryce Jordan, Gateway, Calder Commons, Ambassador, and more without the need for transportation to subject. Alternately, the possibility exists, subject to zoning approval, to convert the commercial space to residential first floor condos with the 3 regular + 1 handicapped parking spaces underground included. Looking for a 1031 Exchange? Investors, this is a great opportunity to own this prime real estate. Also listed for sale.

PROPERTY FACTS

Property Type Retail
Property Subtype
Storefront
  • General Retail Storefront Retail/Office
Building Class C
Lot Size 0.15 AC
Gross Leasable Area 6,500 SF
No. Stories 1
Year Built 1967
Tenancy Single
Parking Ratio 1.69/1,000 SF
APN / Parcel ID 36-013-,062-,0100-

Amenities

  • Air Conditioning

zoning

Zoning Code General Commercial (General Commercial Zoning District in the State College Borough)
General Commercial (General Commercial Zoning District in the State College Borough)
  • Listing ID: 13354764

  • Date on Market: 8/1/2018

  • Last Updated:

  • Address: 522 E College Ave, State College, PA 16801

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