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Katie Moore

[email protected] +1(443) 623-7887

Listed by James Bradley • Keller Williams Advantage Realty

$ 1,990,000

Est. payment -/mo

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Price Dropped by $10K

200 ELMWOOD ST State College, PA 16801

1.3 Acres Lot

UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID PACE2519008

Year Built 1965

Annual Tax Amount $16,325

Tax Year 2025

Lot Size 1.300 Acres

Acres 1.3

Lot Dimensions 0.00 x 0.00

Property Sub-Type Mixed Use

Source BRIGHT

Property Description

Turnkey mixed-use investment opportunity in College Township, minutes from Penn State University, Downtown State College, Route 322 and I-99. Situated on approximately 1.30 acres, this 7,579-square-foot property offers excellent visibility, approximately 25 parking spaces and two established income streams. A long-standing veterinary practice occupies approximately 5,905 square feet across two floors under a triple-net lease. The practice recently expanded into former garage and storage space and completed extensive renovations throughout the facility. The property also includes a recently renovated 1,674-square-foot residential apartment featuring three bedrooms and one full bath. Both units are fully leased, providing 100% occupancy and approximately $136,380 in current scheduled annual rental income. Gateway Commercial zoning permits a variety of potential commercial uses, providing valuable long-term flexibility. With upgraded interiors, established tenancy, ample parking and convenient access to the greater State College area, 200 Elmwood Street presents an attractive opportunity for investors seeking diversified income and future adaptability. Financial information, lease documents and operating details are available to qualified buyers upon request.

Location

State PA

County Centre

Area College Twp (16419)

Zoning COMMERCIAL

Interior

Hot Water Tankless

Heating Forced Air

Cooling Central A/C

Flooring Luxury Vinyl Plank

Heat Source Electric, Natural Gas

Exterior

Garage Spaces 26.0

Water Access N

Roof Type Architectural Shingle

Accessibility Other

Total Parking Spaces 26

Garage N

Building

Sewer Public Septic

Water Public

New Construction N

Schools

School District State College Area

Others

Tax ID 19-013-,075-,0000-

Ownership Fee Simple

Special Listing Condition Standard

NEARBY SCHOOLS & PROPERTIES

Katie Moore

Advisor License ID: 667359

+1(443) 623-7887

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