301 Science Park Rd, State College, PA 16803
- $13,000,000
- List Price
- $13,000,000
- Status
- ACTIVE
- Days on Market
- 247
- MLS#
- PACE2517258
- Year Built
- 1959
- Lot Size
- 686,941
- Acres
- 15.77
- MLS Area Major
- Ferguson Twp (16424)
Property Description
This exceptional commercial property, was originally built by HRB in the late 1950's and early 1960's. This complex comprises four interconnected buildings, designed by Hajjar Architecture and sits on two parcels totaling 15.77+/- acres, providing ample parking for employees and visitors. The acreage includes over 4 acres of land for future development, that includes an already in-place Easement Agreement that permits the construction of a paved road to tie in the existing parking lot at 301 Science Park Road, to the traffic light at 225 Science Park Rd. The current owners undertook extensive renovations beginning in 2010, stripping the interior down to it's concrete, brick, and steel structural elements. The comprehensive rebuild incorporated modern building standards throughout, including new insulation, windows, electrical systems, HVAC, and select façade updates. Recent capital improvements include a newly installed fire alarm system, two replacement elevators, upgraded rubber roofing, and parking lot resurfacing. With fourteen established tenants, this investment property offers built-in diversification to help ensure income stability during vacancy periods.
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Additional Information
- Taxes
- $110,350
- Zoning
- IRD WITH CORRIDOR OVERLAY
- Flooring
- Carpet, Ceramic Tile
- Heating
- Heat Pump(s)
- Air Conditioning
- Heat Pump(s)
- Parking
- Handicap Parking, Paved Parking
- School District
- State College Area
- High School
- State College Area
- View
- Mountain
Listing courtesy of Continental Real Estate Management. Contact: 8142381598