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