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1344-1374 S Atherton St - Southwood Office Complex 695 SF Office/Medical Condo Unit Offered at $152,000 in State College, PA 16801
EXECUTIVE SUMMARY
Great investment opportunity. The tenant is responsible for all condo expenses, including utilities, real estate taxes, insurance, and monthly condo association fees, making this a true NNN-style investment with minimal landlord obligations. The lease also provides one remaining two-year renewal option, extending upside and stability for the next owner. Investment Highlights: In-place lease through December 2027 Current rent: $1,222.54/month Annual CPI rent increases beginning in 2026. Tenant pays all expenses: utilities, taxes, insurance, and condo fees One (1) two-year renewal option remaining Great Year 1 cash-on-cash return Low-maintenance, passive investment
PROPERTY FACTS
| Total Building Size | 695 SF | Typical Floor Size | 695 SF |
| Property Type | Office (Condo) | Year Built | 1987 |
| Building Class | B | Lot Size | 0.99 AC |
| Floors | 1 | Parking Ratio | 1.44/1,000 SF |
| Zoning | CP2 - Planned Commercial 2 - allows any use except specific exceptions in Commercial Zoning. | ||
| Total Building Size | 695 SF |
| Property Type | Office (Condo) |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 695 SF |
| Year Built | 1987 |
| Lot Size | 0.99 AC |
| Parking Ratio | 1.44/1,000 SF |
| Zoning | CP2 - Planned Commercial 2 - allows any use except specific exceptions in Commercial Zoning. |
AMENITIES
- Bus Line
- Signage
- Natural Light
1 UNIT AVAILABLE
Unit 1368
| Unit Size | 695 SF | Condo Use | Office/Medical |
| Price | $152,000 | Sale Type | Investment |
| Price Per SF | $218.71 | No. Parking Spaces | 1 |
| Unit Size | 695 SF |
| Price | $152,000 |
| Price Per SF | $218.71 |
| Condo Use | Office/Medical |
| Sale Type | Investment |
| No. Parking Spaces | 1 |
DESCRIPTION
Reception area, conference room, private office and in suite restroom & storage.
+4 More
Reception Area
Reception Area 2
Reception Area 3
Conference Room
Conference Room 3
Conference to Reception
Private Office
Restroom
Storage
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1344-1374 S Atherton St - Southwood Office Complex
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