1368 S ATHERTON ST

STATE COLLEGE, PA 16801

PRICE: $152,000

Active | MLS# pace2517234

$2907 Taxes

The Details

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: $1,222.54/month Annual CPI rent increases beginning 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

Property Overview

School District
County	CENTRE
Municipality	STATE COLLEGE BORO
Heat	Other

A/C	Central A/C
Fuel	Electric
Sewer	Public Sewer

Total Taxes

$2907

Home Overview
Home Specs
Neighborhood

Property Price

Percent
Down

Amount
Down$

Mortgage
Amount$

15-Year Fixed

30-Year Fixed

Interest Rate

Annual Taxes$

Annual Insurance$

Principal &
Interest${{ vm.principal }}

Private Mortgage
Insurance${{ vm.pmi }}

Taxes &
Insurance${{ vm.taxes }}

Monthly Payment

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*All fees are for estimate purposes only.

Satellite View

Directions: From South Atherton St. turn onto Norma Street. Entrance to office condo parking lot on the right.

Sq. Footages
Above Grade Finished Sq. Ft.
Above Grade Unfinished Sq. Ft.
Below Grade Finished Sq. Ft.
Below Grade Unfinished Sq. Ft.
Total Finished Sq. Ft.

Rooms	Main	Upper	Lower	Bsmt.

Association Fee $

Cap Fee $

Zoning PLANNED COMMERCIAL 2 (CP2

Property Code 0

Possession Negotiable,Other

Assessed Value

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