310 Burrowes StState College, PA 16801

Property Details for 310 Burrowes St

Lot size

0.18 AC

Property type

Office properties

Property subtype

Office buildings

APN

36-011-,462-,0000-

APU

360114620000

Description

This exceptional State College executive office building, located at 310 S. Burrowes St, presents a compelling investment or owner-occupancy opportunity. The property, built in 1945 and boasting a Class B designation, comprises 3,986 square feet across a two-building, three-story structure situated on a 0.18-acre lot. Currently, the building is 50% occupied under a modified multi-tenancy lease. The asking price is $609,900, translating to $163.05 per square foot. Interior features include sunlit offices, a kitchenette, three bathrooms, a variety of office and conference room spaces, and a convenient patio. Additional amenities include a sprinkler system, off-street parking, and rear garage/storage. The property is zoned R3H. While the marketing materials describe the space as having "top notch renovations and close attention to detail," prospective buyers are advised that measurements may not conform to ANSI standards and should verify them independently. This property offers a unique blend of classic charm and modern functionality in a highly desirable State College location. The property is partially tenant occupied, presenting an immediate income stream and potential for future growth.

• CAP approach

  CAP return

  Valuation

  6%

  $1,672,928

  6.5%

  $1,544,241

  7%

  $1,433,938

• Comparable approach

  Method

  Valuation

  Relative Method

  $800,857

  Geo Method

  $706,565

• Alternative Use

  Use

  Valuation

  Residential

  $1,914,859

  Hospitality

  $1,754,000

  Educational

  $1,459,308

  Medical

  $1,509,496

  Retail

  $2,270,034

Location Insight

City

State College

County

Centre

State

Pennsylvania

Latitude

40.79

Longitude

-77.861

CBSA code

44300

CBSA name

STATE COLLEGE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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