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Off market
  • $642,000

    500 E College Ave, State College, PA 16801

    --beds
    --baths
    --sqft
    Other
    Built in 1984
    -- sqft lot
    $642,000 Zestimate®
    $--/sqft
    $1,064 Estimated rent

    Home value

    $642,000

    $578,000 - $713,000

    $1,064/mo

    Zestimate® history
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    $1,064/mo

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    Rent Zestimate®

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    $4,037/mo

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    $4,037/mo

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    What's special

    Excellent visibilityHeavy foot trafficJust steps from campus

    Calling All Investors! A prime commercial property located in the heart of Downtown State College - just steps from campus, offering excellent visibility and heavy foot traffic. This income-generating property features a triple net lease with a primary term through March 2026, including two renewal options and annual rent increases. Don't miss this rare opportunity to add a reliable revenue stream to your portfolio in a high-demand location. One of the sellers is a licensed real estate agent in the Commonwealth of Pennsylvania.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Zillow last checked:

    Source: Kissinger, Bigatel and Brower,MLS#: PACE2514882

    Facts & features

    Interior

    Features
    • Has basement: No

    Property

    Details
    • Parcel number: 360130590405

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Other
    Materials
    • Brick
    Condition
    • Year built: 1984

    Community & HOA

    Location
    • Region: State College

    Financial & listing details

    • Tax assessed value: $45,150
    • Annual tax amount: $1,775
    • Date on market: 5/27/2025
    • Lease term: Contact For Details

    Price history

    DateEventPrice
    10/4/2025Listing removed$680,000
    Source: Kissinger, Bigatel and Brower #PACE2514882 Report a problem
    9/30/2025Listed for sale$680,000
    Source: Kissinger, Bigatel and Brower #PACE2514882 Report a problem
    7/18/2025Listing removed$680,000
    Source: Kissinger, Bigatel and Brower #PACE2514882 Report a problem
    5/27/2025Listed for sale$680,000+106.1%
    Source: Kissinger, Bigatel and Brower #PACE2514882 Report a problem
    10/26/2024Listing removed$1,975
    Source: Zillow Rentals Report a problem
    10/25/2024Listed for rent$1,975+45.8%
    Source: Zillow Rentals Report a problem
    5/24/2024Listing removed--
    Source: Zillow Rentals Report a problem
    10/5/2023Listed for rent$1,355+10.7%
    Source: Zillow Rentals Report a problem
    9/29/2022Sold$330,000+112.9%
    Source: Bright MLS #PACE2435296 Report a problem
    10/12/2018Listing removed$1,224
    Source: www.turbotenant.com Report a problem
    10/6/2018Listed for rent$1,224
    Source: www.turbotenant.com Report a problem
    11/17/2011Sold$155,000+80.2%
    Source: Public Record Report a problem
    10/31/2007Sold$86,000
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$1,775 +1.7%$22,575
    2023$1,746 +7.1%$22,575
    2022$1,630 $22,575
    2021$1,630 +12.2%--
    2020$1,453 +2.4%$22,575
    2019$1,419 +39%$22,575
    2018$1,021 $22,575
    2017-- $22,575
    2016-- $22,575
    2015-- $22,575
    2014-- $22,575
    2013-- $22,575
    2012-- $22,575
    2011-- $22,575
    2010-- $22,575
    2009-- $22,575
    2006-- $22,575
    2005-- $22,575
    2004-- $22,575
    2003-- $22,575
    2002-- $22,575
    2000-- $22,575
    Find assessor info on the county website

    Neighborhood: 16801

    Nearby schools

    GreatSchools rating
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