476 Rolling Ridge DrState College, PA 16801

Property Details for 476 Rolling Ridge Dr

Lot size

3.82 AC

Property type

Office buildings

APN

19-605-,032-,0000-

APU

196050320000

Description

This exceptional Class A office building, located at 476 Rolling Ridge Dr in State College, PA, 16801, offers a variety of options for potential buyers and tenants. The 46,000 square foot building sits on a 3.82-acre lot zoned Residential Office in Centre County, boasting stunning views of Mount Nittany and the surrounding landscape. The property features a three-story building with high-end finishes, including a striking exterior of brick, stone, split rock, and EIFS, complemented by a metal roof and professionally maintained landscaping. The interior common areas showcase automatic glass doors, tray ceilings, can lighting, granite, and ceramic tile. Multiple tenancy options exist, ranging from leasing individual spaces (3,178 - 14,560 square feet) to purchasing a vacant 14,560 square foot condo, an occupied condo as an investment, or acquiring the entire building. The building currently houses primarily medical tenants, but is suitable for a wide range of professional office users seeking to establish or expand their presence in the Centre Region. The spacious layout, abundant natural light, and prime location along the South Atherton corridor between State College and Boalsburg make this property an attractive investment opportunity. The first floor also offers access to a pleasant courtyard.

• CAP approach

  CAP return

  Valuation

  6%

  $33,694,864

  6.5%

  $31,102,952

  7%

  $28,881,312

• Comparable approach

  Method

  Valuation

  Relative Method

  $16,639,016

  Geo Method

  $10,468,161

• Alternative Use

  Use

  Valuation

  Residential

  $38,567,660

  Hospitality

  $35,327,768

  Educational

  $29,392,290

  Medical

  $30,403,136

  Retail

  $45,721,340

Location Insight

City

State College

County

Centre

State

Pennsylvania

Latitude

40.7852

Longitude

-77.8242

CBSA code

44300

CBSA name

STATE COLLEGE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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