2601 Gateway DrState College, PA 16801

Property Details for 2601 Gateway Dr

Lot size

1.80 AC

Property type

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.

• 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

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

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