171 Technology DrBoalsburg, PA 16827

Property Details for 171 Technology Dr

Lot size

18.30 AC

Property type

Industrial properties

Property subtype

Other industrial properties

APN

25-013-,113-,0000-

APU

250131130000

Description

This exceptional investment opportunity presents a fully occupied, multi-tenant flex space totaling 16,892 square feet, situated at 171 Technology Drive in Boalsburg, Pennsylvania, 16827. The property, built in 1960 and boasting a Light Industrial zoning permit, comprises a single, two-story building with eight individual units, each currently leased. The asking price is $650,000, translating to $38.48 per square foot and $81,250 per unit. The property enjoys 100% occupancy with a gross lease structure. Eight tenants currently occupy the space, many with long-term leases extending to February 29, 2028. The building features an 8-foot ceiling height. Its strategic location at the Boalsburg interchange of US Route 22/US Route 322 ensures high visibility and accessibility, making it an ideal investment in the thriving central Pennsylvania market near State College. The property's parcel number is 25-013-,113-,0001-. This is a rare chance to acquire a stable, high-performing commercial property with significant long-term potential. No ground lease is in place.

• Alternative Use

  Use

  Valuation

  Residential

  $184,756,768

  Hospitality

  $169,236,208

  Educational

  $140,802,544

  Medical

  $145,644,944

  Retail

  $219,026,160

Location Insight

City

Boalsburg

County

Centre

State

Pennsylvania

Latitude

40.7778

Longitude

-77.775

CBSA code

44300

CBSA name

STATE COLLEGE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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