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1368 S Atherton St, State College, PA 16801

$152,000

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List Price: $152,000
Status: ACTIVE
MLS#: PACE2517234
Year Built: 1985
County: Centre
School District: State College Area

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Property Description

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: $1,255.54/month 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

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Additional Information

Area: State College Boro (16436)
School District: State College Area
Flooring: Vinyl, Carpet
Heating: Other
Cooling: Central Air
Roof: Shingle
Water: Public
Sewer: Public Sewer