State College, PA 16801,1368 S ATHERTON ST
State College, PA 16801,1368 S ATHERTON ST
State College, PA 16801,1368 S ATHERTON ST
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Graceann Tinney

Graceann Tinney

+1(267) 373-8244
Listed by Jason Krout • Keystone Real Estate Group, LP
$152,000
Est. payment /mo
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UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID PACE2517234

Year Built 1985

Annual Tax Amount $2,907

Tax Year 2025

Lot Dimensions 0.00 x 0.00

Property Sub-Type Mixed Use

Source BRIGHT

Property Description

For Sale: Commercial Office Condo – Prime Location in the Southwood Office Centre!

Looking for the perfect investment property? The property is currently leased. Currently leased through December 2027. Easily accessible off South Atherton Street, providing high visibility and convenience for clients and employees alike.

The tenant is responsible for all condo expenses, including utilities, real estate taxes, insurance, and monthly condo association fees, making this a true NNN-style investment with minimal landlord obligations. The lease also provides one remaining two-year renewal option, extending upside and stability for the next owner.

Investment Highlights:
In-place lease through December 2027
Current rent: $1,255.54/month
Tenant pays all expenses: utilities, taxes, insurance, and condo fees
One (1) two-year renewal option remaining
Great Year 1 cash-on-cash return
Low-maintenance, passive investment

Location

State PA

County Centre

Area State College Boro (16436)

Zoning PLANNED COMMERCIAL 2 (CP2

Interior

Hot Water Electric

Heating Other

Cooling Central A/C

Flooring Vinyl, Carpet

Heat Source Electric

Exterior

Garage Spaces 1.0

Water Access N

Roof Type Shingle

Accessibility None

Total Parking Spaces 1

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District State College Area

Others

Tax ID 36-026-,043-,1368-

Ownership Condominium

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

Read Less Info
Bright MLS (BMLS)

NEARBY SCHOOL & BUSINESS

SCHOOLSPROPERTIES
Elementary Schools 17
  • 10

    Radio Park Elementary

    Public | KG - 5

  • 7

    Young Scholars of Central PA Charter School

    Public | KG - 8

  • 7

    Corl Street Eementary

    Public | KG - 5

  • 7

    Houserville/Lemont Elementary

    Public | KG - 5

  • 6

    Centre Learning Community Charter School

    Public | 5 - 8

  • 5

    Easterly Parkway Elementary

    Public | KG - 5

  • 5

    Mount Nittany Elementary

    Public | KG - 5

  • 0

    NW Human Services Autism School

    Private | 2 - 9

  • 0

    The Goddard School

    Private | PK - KG

  • 0

    Our Lady of Victory Catholic School

    Private | KG - 8

  • 0

    Nittany Christian School

    Private | KG - 8

  • 0

    Our Children's Center

    Private | PK - KG

  • 0

    Bennett Family Center

    Private | PK - KG

  • 0

    Grace Lutheran Preschool & Kindergarten

    Private | PK - KG

  • 0

    Nittany Valley Charter School

    Public | 1 - 8

  • 0

    State College Friends School

    Private | PK - 8

  • 0

    Montessori School of the Nittany Valley

    Private | PK - KG

Middle Schools 1
  • 8

    Mount Nittany Middle School

    Public | 6 - 8

High Schools 1
  • 8

    State College Area High School

    Public | 9 - 12

School and business data provided by Attom Data.

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Graceann Tinney

Graceann Tinney

Agent | RSRS344523

+1(267) 373-8244

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1368 S ATHERTON ST

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