For Sale
$2,200,000

112 Foster AveState College, PA 16801

Prime location, diverse uses, high ROI

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional mixed-use property, located at 112 W Foster Ave in State College, Pennsylvania, presents a unique investment opportunity. The 8,800 square foot, Class A building, constructed in 1967 and renovated in 2008, sits on a 0.21-acre lot and boasts 14 parking spaces. Currently configured as a two-story condo with approximately 4,400 square feet per floor, the property offers remarkable flexibility. The first floor features an expansive, open floor plan in excellent condition, ideal for retail or hospitality uses. The second floor, also in excellent condition, currently houses traditional offices but can be easily adapted to create a second open floor plan, or converted into residential units to generate additional income. The property's permitted CO zoning allows for a variety of uses, including hospitality, retail, offices, childcare, and health services. Convenient amenities include ADA-compliant bathrooms and direct elevator access. Its prime downtown location, steps from parks, shopping, and restaurants, ensures high visibility and accessibility. The asking price is $2,200,000, with a price per square foot of $250. This versatile property offers significant potential for a savvy investor seeking a high return on investment in a thriving Pennsylvania market. The APN is 36-013-,293-,0112C.

Highlights

  • $2,200,000 asking price for an 8,800 square foot mixed-use building.
  • Class A property with 2 units, built in 1967 and renovated in 2008.
  • Located at 112 W Foster Ave, State College, PA 16801, on a 0.21-acre lot with 14 parking spaces.
  • Features a flexible floor plan suitable for various uses including retail, office, medical, and residential.
  • Excellent location in downtown State College, near parks, shopping, and restaurants.

Property Details for 112 Foster Ave

Property type
Retail properties, Bars
Square Feet
8,800 SF
Class
A
Year Built/Renovated
1967/2008
Lot Size (sq. ft)
9,148 SF
Units
2

Location Insight

City
State College
County
Centre
State
Pennsylvania
Latitude
40.7919173
Longitude
-77.8587477
112 Foster Ave, State College, Pennsylvania

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112 Foster Ave
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