1368 S ATHERTON ST, State College, PA 16801
1368 S ATHERTON ST, State College, PA 16801
1368 S ATHERTON ST, State College, PA 16801
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Fran Valerio

Fran Valerio

+1(717) 602-0551
Listed by Jason Krout • Keystone Real Estate Group, LP
$152,000
Est. payment /mo
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UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID PACE2517234

Year Built 1985

Annual Tax Amount $2,907

Tax Year 2025

Lot Dimensions 0.00 x 0.00

Property Sub-Type Mixed Use

Source BRIGHT

Property Description

For Sale: Commercial Office Condo – Prime Location in the Southwood Office Centre!

Looking for the perfect investment property? The property is currently leased. Currently leased through December 2027. Easily accessible off South Atherton Street, providing high visibility and convenience for clients and employees alike.

The tenant is responsible for all condo expenses, including utilities, real estate taxes, insurance, and monthly condo association fees, making this a true NNN-style investment with minimal landlord obligations. The lease also provides one remaining two-year renewal option, extending upside and stability for the next owner.

Investment Highlights:
In-place lease through December 2027
Current rent: $1,255.54/month
Tenant pays all expenses: utilities, taxes, insurance, and condo fees
One (1) two-year renewal option remaining
Great Year 1 cash-on-cash return
Low-maintenance, passive investment

Location

State PA

County Centre

Area State College Boro (16436)

Zoning PLANNED COMMERCIAL 2 (CP2

Interior

Hot Water Electric

Heating Other

Cooling Central A/C

Flooring Vinyl, Carpet

Heat Source Electric

Exterior

Garage Spaces 1.0

Water Access N

Roof Type Shingle

Accessibility None

Total Parking Spaces 1

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District State College Area

Others

Tax ID 36-026-,043-,1368-

Ownership Condominium

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

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Bright MLS (BMLS)

NEARBY SCHOOLS & PROPERTIES

Fran Valerio
Fran Valerio

Listing Specialist, Team Leader RSRS311467

+1(717) 602-0551 | fvalerio@soldincentralpa.com

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1368 S ATHERTON ST

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