0 Gateway DrState College, PA 16801

Property Details for 0 Gateway Dr

Year built

2003

Lot size

1.80 AC

Property size (Sq ft)

25,128 SF

Property type

Office properties

Property subtype

Medical offices

Description

Exceptional investment opportunity in State College, PA. This three-story, 25,128 square foot office building, constructed in 2003 and renovated in 2016/2017, is situated on a 1.8-acre lot and features 96 parking spaces. Currently 83% occupied with three tenants, the building offers nine divisible suites, including coveted medical/dental space – a rare commodity in the State College market. The building boasts high efficiency and is zoned IRD (Corridor Overlay). With an asking price of $4,000,000 ($159.18/sq ft), this property presents a cost-effective alternative to new construction or renovation, allowing immediate occupancy and potential rental income from additional suites. The property's location along West College Avenue provides excellent visibility and accessibility. Full occupancy is projected for April 3, 2024. This is a turnkey opportunity to acquire a well-maintained, high-demand office building in a thriving Pennsylvania market. The APN is 24-465-,003-,0000-.

Location Insight

City

State College

County

Centre

State

Pennsylvania

Latitude

40.7674

Longitude

-77.8834

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