1536 Atherton StState College, PA 16803

Property Details for 1536 Atherton St

Lot size

1.74 AC

Property type

Retail properties

Property subtype

Retail space

APN

24-010-,006-,0000-

APU

240100060000

Description

This single-tenant, 10,240-square-foot building presents a unique investment opportunity in State College, Pennsylvania. Located at 1536 N Atherton St, this Class B property boasts excellent visibility and accessibility, situated on a signalized corner with convenient entrances from both Aaron Drive and North Atherton Street. The property includes a drive-through area, adding to its versatility and appeal. Built in 1999, the one-story building sits on a 1.74-acre lot and offers ample parking with 55 spaces. Currently vacant, this property is zoned for General Commercial use, allowing for a variety of potential uses including retail, traditional office, or medical office space. The property's location on the North Atherton corridor benefits from high traffic volume, further enhanced by the proposed construction of a Wawa convenience store directly across the street. The property features no elevators. The APN is 24-010-,006-,0000- in Centre County. This is an exceptional opportunity to acquire a well-positioned property with significant potential for growth and return on investment. The building's single-tenant occupancy simplifies management and leasing. The property's size and features make it suitable for a variety of businesses seeking a prominent location in a thriving community.

• CAP approach

  CAP return

  Valuation

  6%

  $22,561,548

  6.5%

  $20,826,044

  7%

  $19,338,470

• Comparable approach

  Method

  Valuation

  Relative Method

  $19,099,140

  Geo Method

  $17,219,902

• Alternative Use

  Use

  Valuation

  Residential

  $17,567,548

  Hospitality

  $16,091,779

  Educational

  $13,388,171

  Medical

  $13,848,611

  Retail

  $20,826,044

Location Insight

City

State College

County

Centre

State

Pennsylvania

Latitude

40.8066

Longitude

-77.8916

CBSA code

44300

CBSA name

STATE COLLEGE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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