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


HIGHLIGHTS

  • Stable NNN lease in place through December 2027 with one renewal option remaining.
  • Annual rent increases tied to CPI starting in 2026 for sustained income growth.
  • Desirable CP2 zoning accommodating diverse office and medical uses.
  • Convenient frontage along S Atherton Street with direct routes to downtown State College.
  • Easily accessible single-story property with on-site parking and natural light interiors.
  • Strong regional economic base supported by Penn State University and healthcare employment clusters.

OVERVIEW

Southwood Office Complex presents an appealing investment opportunity located along S Atherton Street in State College, a key commercial corridor with close proximity to Penn State University and robust residential and retail markets. The available office/medical condominium unit is currently leased under a true NNN arrangement, minimizing landlord involvement while providing stable income. The existing tenant agreement includes annual CPI-based rent adjustments beginning in 2026 and one remaining two-year renewal option, reinforcing long-term security for potential buyers. Positioned on a parcel of nearly an acre, the property benefits from frontage on a high-visibility route with steady traffic counts and access to major local arteries leading into downtown State College. The building’s CP2 zoning supports a range of professional and medical uses, offering lasting flexibility and appeal to occupants. Ample surface parking and single-story design support smooth tenant operations and accessibility. The combination of low-maintenance structure, consistent cash flow, and surrounding economic strength makes this office condominium a practical solution for investors seeking reliable returns in an environment with enduring demand drivers led by education, healthcare, and business service sectors.

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.