Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1965
Sq.Footage
7,579
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.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Central Air, Electric
-
Heating YN
YES
-
Heating
Electric, Natural Gas, Forced Air
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Brick, Wood Siding, Stucco
-
Parking
Off Site
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
1.3
-
Lot Size(square feet)
56,628
-
Property Type
Commercial Sale
-
Property Sub Type
Mixed Use
Price
-
Sales Price
$1,990,000
-
Tax Amount
$16,325
-
Sq. Footage
7,579
-
Price/SqFt
$262
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
New Construction
NO
-
Sewer
Septic Tank
-
Water Source
Public
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Location
County
CENTRE
Elementary School
Middle School
High School
Listing Courtesy of James Bradley, Keller Williams Advantage Realty
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Salesperson, Realtor
Nikki Ott
Call Nikki today to schedule a private showing.
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