321 W Beaver Ave - Medical FOR SALE


State College, PA 16801
$14,900,000 USD
814-234-4000
321 W Beaver Ave, State College, PA for Sale
$14,900,000 USD
Medical - FOR SALE
1/6
null | Request Cap Rate

321 W Beaver Ave
State College, PA 16801


HIGHLIGHTS

  • 1 Block from Penn State University - Downtown Gateway Corner Lot
  • .61 acre lot in Commercial Incentive District -
  • - Appx 18,000 traffic Load - Walk Score 96 - thousands of foot traffic per day

OVERVIEW

Gateway Corner Lot to Downtown State College, 1 block from Penn State University Main Campus. Home to 47,000 students from 145+ nations gives this town a world class life style, cuisine, art, music, and community. This town is exploding in expansion, growth, and growing “up” with high-rises taking this town to a city look and fell in the past 7 years from the COMMERCIAL INCENTIVE DISTRICT which this .61 acre corner lot falls. Business Rt 322, State Highway Between Atlantic City, NJ and Cleveland, OH, with a downtown traffic load of approximately 18,000 and a WALK SCORE of 96, it is a Walker’s Paradise with thousands of daily foot traffic. The present long-term tenant’s lease expires 12/31/2024 providing time for design, permits, and the new future of this long anticipated opportunity. This lot has not sold in 67 years and now is the time in the new millenium to make a mark and create a legacy. With the incentives offered, it is possible to build a new structure to 95’. Retail, offices, hotel, and professional condos are all within possibilities with coordination and compliance with zoning incentives. Please call Karen Clark @ (814) 360-5331 or Paul Confer @ (814) 404-1541 for more details or go to www.PrimeCornerLot.com

FOR SALE DETAILS

PRICE

$14,900,000 USD

PRICE/SF

$1,153 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Storefront Retail/Office, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,504 SF

ZONING

Commercial Incentive Dist

APN/PARCEL ID

36-011-206-0000

ASK ABOUT THIS PROPERTY

Paul ConferKissinger Bigatel & Brower RealtorsMore Info
814-234-4000

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Paul ConferKissinger Bigatel & Brower RealtorsMore Info
814-234-4000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.