1344-1374 S Atherton St - Office CONDO FOR SALE


State College, PA 16801- Tusseyview
$152,000 USD
814-237-0311
1344-1374 S Atherton St, State College, PA for Sale
$152,000 USD
Office CONDO - FOR SALE
1/19
null | Request Cap Rate

1344-1374 S Atherton St
State College, PA 16801
Tusseyview


OVERVIEW

Great investment opportunity. 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: $1,222.54/month Annual CPI rent increases beginning in 2026. 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

FOR SALE DETAILS

PRICE

$152,000 USD

PRICE/SF

$219 USD /SF

CAP RATE

Request Cap Rate

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Southwood Office Complex

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

695 SF

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

1

LAND DETAILS

LAND ACRES

0.99 AC

LAND SF

43,333 SF

ZONING

CP2

APN/PARCEL ID

36-026-043-1344,36-026-043-1348,36-026-043-1350,36-026-043-1360,36-026-043-1364,36-026-043-1366

ASK ABOUT THIS PROPERTY

Jason KroutKeystone Real Estate Group, LPMore Info
814-237-0311

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Jason KroutKeystone Real Estate Group, LPMore Info
814-237-0311

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