1301 Benner Pike - Apartments FOR SALE


State College, PA 16801
$795,000 USD
814-470-0060
1301 Benner Pike, State College, PA for Sale
$795,000 USD
Apartments - FOR SALE
1/42
null | Request Cap Rate

1301 Benner Pike
State College, PA 16801


OVERVIEW

1301 & 1317 Benner Pike, State College Rare commercial investment and/or redevelopment opportunity in a highly visible State College corridor. This offering includes two adjoining C-1 General Commercial parcels totaling 1 acre with 176 feet of frontage along Benner Pike. The property is improved with two income-producing residential rental homes and 36'x48' detached two bay rented garage, providing immediate cash flow while allowing for future development potential. Conveniently located just minutes from Penn State University, Beaver Stadium, I-99, the Nittany Mall district and Happy Valley Casino. C-1 zoning permits a variety of commercial uses, making this an attractive opportunity for investors, developers, owner-users and business owners seeking a strategic location in one of Centre County’s most active growth corridors. Excellent visibility, strong traffic counts and long-term upside make this a unique offering in the State College market.

FOR SALE DETAILS

PRICE

$795,000 USD

PRICE/SF

$334 USD /SF

# OF UNITS

2

PRICE/UNIT

$397,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Restaurant, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1961

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.82 AC

LAND SF

35,852 SF

ZONING

-

APN/PARCEL ID

19-002B-069-0000,19-002B-070-0000

ASK ABOUT THIS PROPERTY

Sarah SchroederKissinger Bigatel & Brower RealtorsMore Info
814-470-0060

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

Sarah SchroederKissinger Bigatel & Brower RealtorsMore Info
814-470-0060

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