120 Regent CtState College, PA 16801

  • Office buildings
  • 1.06 AC

Property Details for 120 Regent Ct

Lot size
1.06 AC
Property type
Office buildings
APN
19-605-,045-,0000-
APU
196050450000

Description

This exceptional 5,870-square-foot office space is available for lease in State College, Pennsylvania. Located on Regent Court, near South Atherton Street, this single-tenant property offers a highly desirable location with convenient access. The space boasts a well-designed layout featuring individual offices along the exterior walls, providing privacy and natural light. Two open bullpen areas are ideal for collaborative workspaces and accommodate multiple workstations. Additional amenities include a dedicated conference room, a copier room, a spacious reception area, multiple restrooms, and a pre-existing IT room. The property is professionally managed and maintained, ensuring a seamless and efficient work environment. Ample on-site parking is available for tenants and their guests. The property is zoned RO - Residential Office and is part of APN 19-605-,024-,0000-. This is a fantastic opportunity to secure high-quality office space in a thriving State College market. The property is classified as both Traditional Office and Executive Office space. This turnkey solution offers immediate occupancy and is perfect for businesses seeking a professional and functional workspace.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $9,349,976
    6.5%
    $8,630,747
    7%
    $8,014,265
  • Comparable approach

    Method
    Valuation
    Relative Method
    $4,617,154
    Geo Method
    $2,904,806
  • Alternative Use

    Use
    Valuation
    Residential
    $10,702,126
    Hospitality
    $9,803,090
    Educational
    $8,156,056
    Medical
    $8,436,555
    Retail
    $12,687,198

Location Insight

City
State College
County
Centre
State
Pennsylvania
Latitude
40.7843
Longitude
-77.822
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
$31,543
$74,200
$437,920
$512,120
-
$148,400
$875,840
$1,024,240

FAQs

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