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sales rep | Brivity IDX

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200 Elmwood St , State College, PA 16801
$1,990,000
Est. Payment: $10,750.32/mo
7579 Sqft
1.3 Acres
Status: active | Days on site: 94
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KELL40 - 3346656,3346972
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House Description

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.

Highlights

Listed by James Bradley , 8145741196 and Lorraine Spock , 8147771319 Keller Williams Advantage Realty , 8142723333. Bright MLS

Property Type

Commercial Sale

Lot/Acreage
1.3

Year Built

1965

County

Centre

Area

College Twp (16419)

School District

State College Area

Listing ID

PACE2519008

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Interior Features

Air Cond:Central A/C
Fireplaces:
Floor:Luxury Vinyl Plank
Water:Public

Exterior Features

Lot:Not New Construction,Horse Property: No
Lot Dimensions:0.00 x 0.00
Garage Capacity:26
Zoning:COMMERCIAL
Roof:Architectural Shingle
Sewer:Public Septic
Parking Features:Off Site,4+ Spaces,3+ Spaces,2+ Spaces,1+ Spaces
Principal Interest
$10,750
Taxes
$1,360

Home Price

$1,990,000

Loan Details

30 yrs
7.148%

Down Payment

20%
$398,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$10,750.32

Principal

Taxes

Principal Taxes HOA Total
Monthly $10,750.32 $1,360.42 $0.00 $12,110.74
Yearly $129,003.89 $16,325.00 $0.00 $145,328.89
Total $3,870,116.80 $489,750.00 $0.00 $4,359,866.80
Lender profile image
Chico Gordy
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Market insight data is pulled from the same city as the listing being viewed (State College, PA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bright MLS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-11-13T23:12:42.000Z

© 2026 Bright MLS