112 W Foster Avenue # C State College, PA $ 1,700,000
112 W Foster Avenue # C
$ 1,700,000
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112 W Foster Avenue # C

State College, PA, 16801
$ 1,700,000
Bedrooms-- Baths-- Sq 8,800

Monthly Estimate*

$ 10,467

112 W Foster Avenue # C, State College, PA 16801 - Image 1
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Commercial Property for sale in State College, PA

for $1,700,000. This 8,800 square foot building was built in 1965.

An unique redevelopment and/or commercial opportunity in the heart of downtown State College. This expansive twostory commercial condominium offers exceptional flexibility for investors, developers, and visionaries looking to capitalize on the Boroughs evolving zoning landscape. This property has many options currently, but with State College actively exploring zoning updates that may support increased density, mixeduse development, and expanded residential or commercial uses, this property is uniquely positioned for future transformation with the first floor being perfect for the building amenities. Each floor provides approximately 4,400 sq/ft of highly adaptable space. The first floor features an open, wellmaintained layout ideal for immediate occupancy or reconfiguration. The second floor, currently arranged with traditional offices, can be fully opened to create a second large floor plateperfect for redevelopment into modern residential units, boutique hospitality concepts, collaborative workspace, or other mixeduse possibilities. The property includes ADAcompliant restrooms, direct elevator access, and 14 private parking spacesan exceptional amenity in the downtown core. Its location places it steps from parks, restaurants, retail, and the energy of Penn State University, ensuring strong demand for nearly any future use. Whether youre envisioning adaptive reuse, vertical expansion (subject to zoning approvals), or a complete redevelopment aligned with the Boroughs potential zoning changes, this property offers a strategic foothold in one of Pennsylvanias most dynamic markets.

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Commercial Active

Price

$ 1,700,000

Property Type

Commercial

Taxes

$ 23,470

Style

Apartment Building,Day Care Facility,Hair Salon an

Year Built

1965

Town/City

State College

County/Region

Centre

MLS | Web ID

PACE2514010

Features
Interior
Heating Fuel Natural Gas Electric
Flooring Carpet Ceramic Tile
Hot Water Natural Gas
Heating Y/N Y
Central Air Y/N Y
Number of Elevators 1
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General
Sewer Public Sewer
Heating Forced Air
Cooling Central A/C
Possession Negotiable
Roof Rubber
Zoning CO
Construction Materials Block Brick Concrete
Year Built 1965
Unit Number C
Property Subtype Mixed Use
Tax Year 2024
Ownership Condominium
Cool Fuel Natural Gas
Municipality STATE COLLEGE BORO
Business Type Apartment Building Day Care Facility Hair Salon and Spa Health Club Medical Other/General Retail Professional Restaurant/Bar
Accessibility Elevator Level Entry - Main
County CENTRE
New Construction N
Property Type Commercial Sale
Subdivision Name STATE COLLEGE BORO
Possible Use Apartments Mixed Use Recreational Retail
Water Access Y/N N
Status ACTIVE
Directions S. Allen Street left on Foster. Property on Left
City STATE COLLEGE
MLS Area State College Boro (16436)
Tax Annual Amount 23470.55
Electric Expense 4800.00
Property Condition Excellent
Trash Expense 628.00
Price Per Sq Ft Total AG 193.27
Acceptable Financing Cash Conventional
Avg. Electric Per Month 400.0
Lease Considered Y/N Y
Vacation Rental Y/N N
Location Type Downtown
Standard Status Active
Year Built Source Estimated
Association Recreation Fee N
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Exterior
Parking Features Handicap Parking Lighted Parking Paved Parking Private
Water Source Public
Type of Parking Parking Lot Private Garage
Water View Y/N N
Building Area Total 8796.00
Lot Dimensions 0.00 x 0.00
Road Surface Type Paved
Waterfront Y/N N
Land Assessed Value 64185.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 112
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* Excluded Features
List By
Continental Real Estate Management

Broker

dave@continentalrealestate.net

Email

Affordability Calculator

$12,423
Per Month
84%
16%
0%
Monthly Principal & Interest
$10,467
Monthly Property Taxes
$1,956
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/28/2025$1,700,000 Listed Price

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112 W Foster Avenue # C, State College, PA, 16801 is a Commercial Property for sale at $1,700,000 with 8,800 sqft. 112 W Foster Avenue # C was built in 1965. The property's zip code is 16801 which is in State College, PA