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Key Details
Sold Price $2,280,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 8,799 sqft
Price per Sqft $259
MLS Listing ID PACE2512466
Sold Date 02/27/25
Originating Board BRIGHT
Year Built 1928
Annual Tax Amount $26,781
Tax Year 2024
Lot Size 3,485 Sqft
Acres 0.08
Property Sub-Type Mixed Use
Property Description
A rare gem in the heart of downtown State College! Located at 123-127 W Beaver Ave, this fully-leased commercial building is a prime investment opportunity just steps from Penn State University. Boasting a thriving coffee shop, a restaurant, and four well-maintained student rental apartments, this property delivers steady income in a sought-after location. With exceptional foot traffic, prime visibility, and proximity to shopping, dining, and campus life, this turn-key property is a standout opportunity for seasoned investors or those looking to break into the State College market. Don't miss your chance to own a premier building in one of State College's most desirable areas!
Location
State PA
County Centre
Area State College Boro (16436)
Zoning CC
Interior
Hot Water Electric
Heating Baseboard - Hot Water
Cooling None
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District State College Area
Others
Tax ID 36-012-,046-,0000-
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Jacob K. Cooper • MSC Retail, Inc.
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John Martinich
Co-Owner | License ID: VA-0225221526
Co-Owner License ID: VA-0225221526