2182 Sandy DrState College, PA 16803

Property Details for 2182 Sandy Dr

Lot size

0.55 AC

Property type

Office properties

Property subtype

Office buildings

APN

24-433-,018-,0000-

APU

244330180000

Description

This exceptional office property, located at 2182 Sandy Drive in State College, Pennsylvania, offers two available suites totaling 1,601 to 3,621 square feet of flexible space. Situated on the second floor of a Class B building within a thriving business community, this property boasts abundant natural light and spacious layouts. Each suite features a large open work area, three to four private offices, and private bathrooms. A shared common area bathroom is also available, and the landlord is willing to add a conference room to either space. The building is conveniently located just off heavily trafficked Science Park Road, providing excellent visibility and accessibility. It's a mere five minutes from Penn State University and downtown State College, offering unparalleled convenience for employees and clients. The property is also strategically positioned three miles from I-99 and six miles from Route 322, ensuring easy access to regional transportation networks. The 9,886 square foot building sits on a 0.55-acre lot and is zoned for Light Industrial use. Ample parking is available on-site. This location is part of a vibrant business district in Centre County, home to numerous well-established companies, reflecting a strong and growing local economy. The surrounding area offers a highly educated workforce, with 63% of the population holding a college degree, and a projected job growth rate of 1.6% annually, expected to reach 35.45% over the next decade. This makes this property an ideal investment opportunity in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $5,111,594

  6.5%

  $4,718,394

  7%

  $4,381,366

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,447,002

  Geo Method

  $3,468,306

• Alternative Use

  Use

  Valuation

  Residential

  $5,850,808

  Hospitality

  $5,359,309

  Educational

  $4,458,882

  Medical

  $4,612,230

  Retail

  $6,936,039

Location Insight

City

State College

County

Centre

State

Pennsylvania

Latitude

40.7822

Longitude

-77.902

CBSA code

44300

CBSA name

STATE COLLEGE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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