1423 Atherton StState College, PA 16803

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.

• 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

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