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200 Elmwood Street offers a rare turnkey mixed-use investment opportunity in highly desirable College Township just minutes from Penn State University, Downtown State College, Route 322, and I-99. The property features a long-established veterinary practice operating under a triple net lease and a recently upgraded 3-bedroom, 1-bath residential apartment, creating multiple income streams The veterinary practice occupies approximately 5,905 SF across two floors and recently expanded into former garage/storage space. Over the past year, the practice completed extensive renovations and improvements to the facility, including additional veterinary space and upgrades throughout the property. The residential apartment encompasses approximately 1,674 SF and has also been recently renovated. Positioned on approximately 1.30 acres with excellent visibility and approximately 25 parking spaces, the property is zoned Gateway Commercial (GC), allowing for a wide variety of future commercial uses and long-term flexibility. With approximately 7,579 SF total, strong accessibility, established tenancy, and a highly desirable location, this property presents an exceptional investment opportunity in the State College market.
| DAYS ON MARKET | 0 | LAST UPDATED | 7/29/2026 |
|---|---|---|---|
| YEAR BUILT | 1965 | COMMUNITY | College Twp (16419) |
| COUNTY | CENTRE | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| School District | STATE COLLEGE AREA |
|---|
| ADDITIONAL DETAILS | |
| AIR | Central Air, Electric |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Tankless Water Heater |
| AREA | College Twp (16419) |
| CONSTRUCTION | Brick, Stucco, Wood Siding |
| HEAT | Electric, Forced Air, Natural Gas |
| LOT | 1.3 acre(s) |
| LOT DIMENSIONS | 0.00 x 0.00 |
| PARKING | Off Site |
| SEWER | Septic Tank |
| TAXES | 16325 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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