Situated in the heart of Downtown State College, directly across from Penn State University, 228 E College Avenue offers an opportunity to acquire a highly visible, trophy mixed-use property with unmatched pedestrian traffic driven by over 40,000 students, faculty, and visitors. Anchored by Raising Cane’s on the renovated ground floor, this mixed-use property comprises five apartments and two commercial spaces, positioned on a 50-foot by 150-foot commercially zoned lot. The apartments are fully leased through 2028, while Raising Cane’s operates under a long-term lease with options, creating a diversified income stream that balances cash flow and risk while delivering immediate income supported by long-term value appreciation. Along East College Avenue, the premier retail corridor, 228 E College Avenue offers prime downtown frontage and strong access. Penn State University is just steps away, and steady traffic is generated by Beaver Stadium events and the surrounding dining, nightlife, and retail. Furthermore, national retailers such as Wegmans, Trader Joe’s, Target, and Kohl’s are within a five- to seven-minute drive of the property. Generating $328,101 in revenue and $236,676 in net operating income, the property reflects a 3.94% cap rate at the $6 million asking price. 228 E College Avenue represents a rare opportunity to acquire a trophy mixed-use asset in a prime downtown location, delivering durable in-place income and long-term appreciation potential just steps from Penn State University.