List Search

1344-1374 S Atherton St
State College, PA 16801 Tusseyview

$152,000 USD

Office Condo For Sale  •  695 SF

Property Details

  • Property Type Office
  • Total Building Size 695 SF
  • Lot Size 0.99 AC
  • Building Class B
  • Year Built 1987
  • Tenancy Multiple
  • Zoning CP2
30 Transit Score
50 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit 1368 Medical Office 695 SF $152,000 USD
  • Unit Size: 695 SF
  • Condo Use: Medical Office
  • Price: $152,000 USD
  • Sale Type: Investment
  • Price/SF: $218.71 USD
Description
Reception area, conference room, private office and in suite restroom & storage.

Sale Notes
Southwood Office Complex presents an appealing investment opportunity located along S Atherton Street in State College, a key commercial corridor with close proximity to Penn State University and robust residential and retail markets. The available office/medical condominium unit is currently leased under a true NNN arrangement, minimizing landlord involvement while providing stable income. The existing tenant agreement includes annual CPI-based rent adjustments beginning in 2026 and one remaining two-year renewal option, reinforcing long-term security for potential buyers.
Positioned on a parcel of nearly an acre, the property benefits from frontage on a high-visibility route with steady traffic counts and access to major local arteries leading into downtown State College. The building’s CP2 zoning supports a range of professional and medical uses, offering lasting flexibility and appeal to occupants. Ample surface parking and single-story design support smooth tenant operations and accessibility. The combination of low-maintenance structure, consistent cash flow, and surrounding economic strength makes this office condominium a practical solution for investors seeking reliable returns in an environment with enduring demand drivers led by education, healthcare, and business service sectors.

Description 

Great investment opportunity. 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 Annual CPI rent increases beginning in 2026. 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

Highlights

Stable NNN lease in place through December 2027 with one renewal option remaining.
Annual rent increases tied to CPI starting in 2026 for sustained income growth.
Desirable CP2 zoning accommodating diverse office and medical uses.
Convenient frontage along S Atherton Street with direct routes to downtown State College.
Easily accessible single-story property with on-site parking and natural light interiors.
Strong regional economic base supported by Penn State University and healthcare employment clusters.

Amenities

  • Bus Line
  • Signage
  • Natural Light

Public Transportation

AirportDriveWalkDistance
State College Regional 16 min - 6.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 1
Type: Surface
Included in Rent: Yes
Jason Krout 814-237-0311 Keystone Real Estate Group, LP
Jason Krout 814-237-0311 Keystone Real Estate Group, LP