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Turnkey mixed-use investment opportunity in College Township, minutes from Penn State University, Downtown State College, Route 322 and I-99. Situated on approximately 1.30 acres, this 7,579-square-foot property offers excellent visibility, approximately 25 parking spaces and two established income streams. A long-standing veterinary practice occupies approximately 5,905 square feet across two floors under a triple-net lease. The practice recently expanded into former garage and storage space and completed extensive renovations throughout the facility. The property also includes a recently renovated 1,674-square-foot residential apartment featuring three bedrooms and one full bath. Both units are fully leased, providing 100% occupancy and approximately $136,380 in current scheduled annual rental income. Gateway Commercial zoning permits a variety of potential commercial uses, providing valuable long-term flexibility. With upgraded interiors, established tenancy, ample parking and convenient access to the greater State College area, 200 Elmwood Street presents an attractive opportunity for investors seeking diversified income and future adaptability. Financial information, lease documents and operating details are available to qualified buyers upon request.
| DAYS ON MARKET | 61 | LAST UPDATED | 8/26/2026 |
|---|---|---|---|
| YEAR BUILT | 1965 | COMMUNITY | College Twp (16419) |
| COUNTY | CENTRE | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| School District | STATE COLLEGE AREA |
|---|
| PRICE HISTORY | |
| Prior to Aug 26, '26 | $2,000,000 |
|---|---|
| Aug 26, '26 - Today | $1,990,000 |
| 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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