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1230 College AveState College, PA 16801

4.1 Acres, Prime Penn State Location

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 4.1-acre commercial land parcel presents a unique redevelopment opportunity in State College, Pennsylvania. Located on East College Avenue, this site boasts unparalleled visibility and accessibility, situated within eyesight of Beaver Stadium, the Bryce Jordan Center, and other Penn State athletic facilities. The property's strategic location on a major thoroughfare leading into downtown State College ensures high traffic volume, with East College Avenue seeing 22,000 vehicles per day. Its proximity to the State College exit on Route 322 and its location just two miles from I-99 further enhances its accessibility. The site is also conveniently located between downtown State College and a major shopping center anchored by Walmart and Sam's Club, providing a strong retail draw. The property's multi-tiered topography allows for creative building designs, accommodating features such as drive-throughs, multi-story structures, and rooftop patios. Development options include land leases or built-to-suit opportunities, making it ideal for a variety of uses, including convenience stores, hotels, retail establishments, quick-service restaurants, or office space. The property neighbors a substantial 651-bed student housing complex with over 25,000 square feet of existing retail space, creating a synergistic environment. This location benefits from the strong economic presence of Penn State University, the largest public university in Pennsylvania, with over 47,000 students and 44,000 employees. Centre County, where State College is located, has a population of 158,425 and a median household income of $70,087. State College itself boasts a population of 41,092, further augmented by the significant student population. The town is a major tourist destination, attracting 1.5 to 2 million visitors annually, and is known for its robust job market, with a current growth rate of 1.7% and a projected 35.45% increase over the next decade. This property offers an exceptional investment opportunity in a thriving and dynamic market.

Highlights

  • 4.1-acre commercial land parcel in State College, PA, ideal for redevelopment.
  • High-visibility East College Avenue location with 22,000 vehicles per day (VPD), offering excellent accessibility.
  • Prominent location near Beaver Stadium, Bryce Jordan Center, and other Penn State athletic facilities.
  • Convenient access to Route 322 and I-99, and proximity to downtown State College and a major shopping center.
  • Suitable for various uses including convenience stores, hotels, restaurants, retail, or office space; build-to-suit or land lease options available.

Property Details for 1230 College Ave

Property type
Retail properties, Land
RSF (Rentable sq. ft)
178,596 SF

Unit(s) available at that property

Space
Size
178,596 SF

Location Insight

City
State College
County
Centre
State
Pennsylvania
Latitude
40.8082104
Longitude
-77.8351684
1230 College Ave, State College, Pennsylvania

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Contacts

Kandy Weader
Kandy Weader
Bradley Rohrbaugh
Bradley Rohrbaugh
Luke Higgins
Luke Higgins
Visit Broker Website

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1230 College Ave, State College, Pennsylvania, 16801

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

1230 College Ave
  • Kandy Weader
    Kandy Weader
  • Bradley Rohrbaugh
    Bradley Rohrbaugh
  • Luke Higgins
    Luke Higgins
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