2601 Gateway DrState College, PA 16801

  • Office properties
  • 1.80 AC
For Lease

Property Details for 2601 Gateway Dr

Lot size
1.80 AC
Property type
Office properties
Property subtype
Office buildings
APN
24-465-,003-,0000-
APU
244650030000

Description

This exceptional Class A medical office space, totaling 3,684 square feet, is available for lease within a larger 25,128 square foot building situated on a 1.8-acre lot in Centre County. The building, constructed in 2003, boasts a desirable multi-tenant occupancy and is conveniently located near Gateway Drive. The property features a total of 96 parking spaces, ensuring ample convenience for patients and staff. The three-story building includes elevators for easy accessibility throughout. This specific suite offers a fantastic opportunity for medical or dental practices seeking a modern and well-maintained space. The zoning designation is IRD, and the APN is 24-465-,003-,0000-. The building itself is a single structure, offering a cohesive and efficient layout. The available space represents a significant portion of the building's currently vacant square footage, presenting a unique chance to establish or expand a practice in a thriving location. The property's Class A designation reflects its high-quality construction and amenities, making it an attractive option for discerning tenants. Interested parties are encouraged to inquire for further details and to schedule a viewing.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $16,728,851
    6.5%
    $15,442,016
    7%
    $14,339,015
  • Comparable approach

    Method
    Valuation
    Relative Method
    $8,008,368
    Geo Method
    $9,212,442
  • Alternative Use

    Use
    Valuation
    Residential
    $19,148,100
    Hospitality
    $17,539,556
    Educational
    $14,592,705
    Medical
    $15,094,571
    Retail
    $22,699,764
2601 Gateway Dr, State College, Pennsylvania

Location Insight

City
State College
County
Centre
State
Pennsylvania
Latitude
40.7673
Longitude
-77.8844
CBSA code
44300
CBSA name
STATE COLLEGE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$41,786
$72,000
$649,500
$721,500
-
$144,000
$1,299,000
$1,443,000

FAQs

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