1423 Atherton StState College, PA 16803
- Office properties
- 0.81 AC
Property Details for 1423 Atherton St
- Lot size
- 0.81 AC
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 24-013-,138-,0000-
- APU
- 240131380000
Description
This exceptional Class A office building, located at 1423 N Atherton Street in State College, Pennsylvania, presents a unique investment opportunity. The property boasts 6,000 square feet of meticulously maintained space, currently configured as a former bank suite, and includes a highly desirable drive-thru feature. Situated on a prominent corner lot, the building enjoys exceptional visibility from the busy N Atherton Street corridor, which sees an average annual daily traffic count of 22,146 vehicles. Ample parking is available for tenants and visitors, adding to the property's convenience and appeal. Its strategic location offers close proximity to Penn State University and is just minutes away from the vibrant downtown State College area. The asking price for this turnkey property is $1,600,000, translating to a price per square foot of $266.67. The first-floor layout, combined with the drive-thru, makes this an ideal location for a financial institution, or any business seeking high visibility and convenient access. The property's excellent condition and prime location ensure a strong return on investment for the discerning buyer. The zip code is 16803, and the property is situated in Centre County. This is a rare opportunity to acquire a well-positioned, high-quality office building in a thriving Pennsylvania market.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $7,528,068
- 6.5%
- $6,948,986
- 7%
- $6,452,630
-
Comparable approach
- Method
- Valuation
- Relative Method
- $3,603,807
- Geo Method
- $4,142,228
-
Alternative Use
- Use
- Valuation
- Residential
- $8,616,743
- Hospitality
- $7,892,890
- Educational
- $6,566,792
- Medical
- $6,792,634
- Retail
- $10,215,010
Location Insight
- City
- State College
- County
- Centre
- State
- Pennsylvania
- Latitude
- 40.8063
- Longitude
- -77.888
- CBSA code
- 44300
- CBSA name
- STATE COLLEGE, PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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