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Listed by James Bradley • Keller Williams Advantage Realty
$1,990,000
Est. payment /mo
1.3 Acres Lot
Price Dropped by $10K
200 ELMWOOD ST State College, PA 16801
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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 Locations
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