500 & 506 W College Avenue, State College, PA 16801

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CommercialFor Sale

$4,150,000

500 & 506 W College Avenue

State College, PA 16801

Listed by: Kissinger, Bigatel & Brower, (814) 234-4000

MLS: Bright MLS

12,616Sq Ft

Est. Mortgage

$21,522/mo

If location matters and income matters, this listing is for you! Three brick buildings on three adjoining parcels offer 15 rental units in walking distance to PSU campus. Rarely do these opportunities go public. Each building has 5 units with a total of 31 bedrooms and 15 baths. Always rented with rare vacancies. Buildings are in good condition with diversity of floor plans in each unit. Strong income and Net Operating Income. Contact listing agent for NDA, APOD and NOI. 48-72 hrs. advance notice needed for all showings. Third building address: 110 S Barnard Street. Currently zoned Urban Residential. Ask for zoning map for potential zoning improvements.

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This data is up-to-date as of 08/30/2025 02:40 PM. Listing provided by Paul Confer of Kissinger, Bigatel & Brower.

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