220 Regent CtState College, PA 16801

Property Details for 220 Regent Ct

Lot size

0.15 AC

Property type

Office properties

Property subtype

Office buildings

APN

19-605-,047-,0220C

APU

196050470220C

Description

This exceptional State College, Pennsylvania office suite, located at 220 Regent Ct, Suite A, presents a compelling investment opportunity. The 1990-built, Class B creative/executive/traditional office space boasts high visibility due to its frontage along US-322 (South Atherton Street) within a professional office park. This four-unit building offers convenient access to downtown State College and Penn State University (2.45 miles), I-99 (3.1 miles), and the State College Airport (5 miles). The asking price is $350,000. On-site parking is available. The $700 monthly condo fee covers a comprehensive range of amenities, including water, trash, sewer, hot water, common area cleaning (indoor and outdoor), landscaping (plants, mowing, plowing), and overall building and parking lot maintenance. Annual property taxes for 2023 were $7,308.04. This property is situated in the desirable College Township and within the State College Area School District, making it an attractive investment for both businesses and investors seeking a well-maintained and conveniently located office space. Electric heating is provided in the stairwells.

• CAP approach

  CAP return

  Valuation

  6%

  $1,323,098

  6.5%

  $1,221,321

  7%

  $1,134,084

• Comparable approach

  Method

  Valuation

  Relative Method

  $653,365

  Geo Method

  $411,054

• Alternative Use

  Use

  Valuation

  Residential

  $1,514,438

  Hospitality

  $1,387,217

  Educational

  $1,154,148

  Medical

  $1,193,841

  Retail

  $1,795,342

Location Insight

City

State College

County

Centre

State

Pennsylvania

Latitude

40.784

Longitude

-77.8207

CBSA code

44300

CBSA name

STATE COLLEGE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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