Lot Size (Sqft)
Building Size (Sqft)
17 Outside, 21 Garage Parking Spaces
Lease Amount (Per Year)
Taxes (3 Parcels)
Downtown Improvement District Tax
Located in the heart of central Pennsylvania, Downtown State College, PA, is home to Pennsylvania State University’s main campus known as University Park. With over 46,000 undergrads, Penn State doubles the size of State College and provides access to the many amenities tied to a world-class academic institution. Complete with diverse eateries, vibrant arts, over 350 businesses, and a dynamic nightlife…it is no wonder this unique community ranks in the top “best places” polls every year.
This is a rare opportunity to own a prime corner lot situated at the intersection of Beaver Avenue and Atherton Street (Business Route 322), that is only a block away from The Pennsylvania State University campus. Considered by many to be the “gateway” to Happy Valley, this property offers unlimited potential to the right buyer who is focused on creating a new Landmark for generations to come.
Currently, there is a solid tenant occupying the existing building, with a lease that runs until December 31, 2024, allowing for revenue while utilization is planned. This property combines three (3) parcels totaling .61 acres and is zoned CID – Commercial Incentive District. Under current zoning, taking advantage of all the incentives could potentially allow for a new structure up to 95 feet.
We invite you to explore this prime location being offered for sale and to be part of the prosperity and future of Downtown State College, PA. To learn more, please give us a call today at 814-234-4000 x3318.
Located in the heart of central Pennsylvania, Downtown State College, PA, is home to Pennsylvania State University’s main campus known as University Park. With over 46,000 undergrads, Penn State doubles the size of State College and provides access to the many amenities tied to a world-class academic institution. Complete with diverse eateries, vibrant arts, over 350 businesses, and a dynamic nightlife…it is no wonder this unique community ranks in the top “best places” polls every year.
This is a rare opportunity to own a prime corner lot situated at the intersection of Beaver Avenue and Atherton Street (Business Route 322), that is only a block away from The Pennsylvania State University campus. Considered by many to be the “gateway” to Happy Valley, this property offers unlimited potential to the right buyer who is focused on creating a new Landmark for generations to come.
Currently, there is a solid tenant occupying the existing building, with a lease that runs until December 31, 2024, allowing for revenue while utilization is planned. This property combines three (3) parcels totaling .61 acres and is zoned CID – Commercial Incentive District. Under current zoning, taking advantage of all the incentives could potentially allow for a new structure up to 95 feet.
We invite you to explore this prime location being offered for sale and to be part of the prosperity and future of Downtown State College, PA. To learn more, please give us a call today at 814-234-4000 x3318.