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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
| DAYS ON MARKET | 2 | LAST UPDATED | 1/5/2026 |
|---|---|---|---|
| YEAR BUILT | 1985 | COMMUNITY | State College Boro (16436) |
| COUNTY | CENTRE | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| School District | STATE COLLEGE AREA |
|---|
| ADDITIONAL DETAILS | |
| AIR | Central Air, Electric |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Water Heater |
| AREA | State College Boro (16436) |
| CONSTRUCTION | Brick |
| HEAT | Electric, Other |
| LOT DIMENSIONS | 0.00 x 0.00 |
| PARKING | Paved, Parking Lot |
| SEWER | Public Sewer |
| TAXES | 2907 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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