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Executive Summary

For Sale/Lease: Discover a fantastic opportunity in State College, Pennsylvania! Bristol II, a Class A, office building offers flexible options for businesses or investors, with units available for purchase as condos or for lease. The entire building is also available for sale if desired. Located on the west side of town in an area with easy access to key amenities, making it ideal for growing companies or professionals seeking a well-connected workspace. Don’t miss out on this versatile investment—contact us today to schedule a tour.
The proposed office building on Gateway Drive is just off West College Ave. This property is nestled amongst other professional businesses and offices but still convenient to many housetops. It is 5 minutes from Pennsylvania State University and downtown State College, and 10 minutes from I-99. The State College Regional Airport is less than 10 miles.
Ferguson Township, which is on the southwestern portion of Centre County, is part of the State College MSA. Most of the agricultural research for PSU is done in Ferguson Township and is the home to well-known entities such as AccuWeather, Raytheon, Mercedes of State College, Bobby Rahal Honda, Best Line Equipment, Centre Region Code, Centre County Assistance office, and more. Centre County has 158,172 people, 57,573 households, and a median household income of $72,748. State College is an excellent place for business and industry. It’s one of the most educated US cities with 63% of the population having a degree. The job growth is estimated at 1.6% and is predicted to grow over the next 10 years to 35.45%. Happy Valley has also been ranked as “The Best Places for Business and Careers” along with many other honors making it a top
location to live, work, and play in the northeast.

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
22,845 SF
Building Class
B
Year Built
2003
Price
$4,000,000
Price Per SF
$175.09
Percent Leased
77%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
7,615 SF
Slab To Slab
15’
Building FAR
0.29
Lot Size
1.80 AC
Zoning
IRD (Corridor Overlay) - Light Industry, Research & Development (with Ferguson Township Corridor Overlay)
Parking
96 Spaces (4.2 Spaces per 1,000 SF Leased)

Amenities

  • Controlled Access
  • Signage
  • Accent Lighting
  • Central Heating
  • Direct Elevator Exposure
  • Natural Light
  • Drop Ceiling
  • Hardwood Floors
  • Air Conditioning
  • Smoke Detector

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Educational Services
  • -
  • -
  • -
  • -

The Pennsylvania State University is a state-related, land-grant research university founded in 1855 as the Farmers’ High School of Pennsylvania. The institution’s mission spans teaching, research and public service, delivered through a multi-campus model across the Commonwealth. Penn State holds the Carnegie “R1: Very High Research Activity” designation and supports extensive scholarship in engineering, health sciences, agriculture, and the liberal arts. In 1967, the University established the College of Medicine and the Milton S. Hershey Medical Center, marking a major expansion in health education and clinical care. In Pittsburgh, the Franco Harris Pittsburgh Center at Penn State operates from the Energy Innovation Center, facilitating community engagement, sustainability projects and workforce-aligned programming. The Pennsylvania State University is publicly funded as a state-related institution and is not publicly traded.

  • Health Care and Social Assistance
  • -
  • -
  • Full Service
  • -

Dr. David R. Curtis DMD is full service, general dentistry practice which has been serving the State College area for 62 years!

  • Educational Services
  • -
  • -
  • -
  • -

The Pennsylvania State University is a state-related, land-grant research university founded in 1855 as the Farmers’ High School of Pennsylvania. The institution’s mission spans teaching, research and public service, delivered through a multi-campus model across the Commonwealth. Penn State holds the Carnegie “R1: Very High Research Activity” designation and supports extensive scholarship in engineering, health sciences, agriculture, and the liberal arts. In 1967, the University established the College of Medicine and the Milton S. Hershey Medical Center, marking a major expansion in health education and clinical care. In Pittsburgh, the Franco Harris Pittsburgh Center at Penn State operates from the Energy Innovation Center, facilitating community engagement, sustainability projects and workforce-aligned programming. The Pennsylvania State University is publicly funded as a state-related institution and is not publicly traded.

  • Educational Services
  • -
  • -
  • -
  • -

The Pennsylvania State University is a state-related, land-grant research university founded in 1855 as the Farmers’ High School of Pennsylvania. The institution’s mission spans teaching, research and public service, delivered through a multi-campus model across the Commonwealth. Penn State holds the Carnegie “R1: Very High Research Activity” designation and supports extensive scholarship in engineering, health sciences, agriculture, and the liberal arts. In 1967, the University established the College of Medicine and the Milton S. Hershey Medical Center, marking a major expansion in health education and clinical care. In Pittsburgh, the Franco Harris Pittsburgh Center at Penn State operates from the Energy Innovation Center, facilitating community engagement, sustainability projects and workforce-aligned programming. The Pennsylvania State University is publicly funded as a state-related institution and is not publicly traded.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Educational Services - - - -
Health Care and Social Assistance - - Full Service -
Educational Services - - - -
Educational Services - - - -

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Fl-Ste Suite 100A
  • 1,500-1,600 SF
  • Office
  • Full Build-Out
  • Now

Looking for a small Class A office to lease or even buy? The 1,600 sf space has a reception area, kitchenette, large conference room, a corner office, large work room, and copy area. The space is being refreshed with new carpet and paint, so it’s ready for your move. Contact us for details on the lease or condo purchase.

  • 2nd Fl-Ste 250 & 275
  • 3,684 SF
  • Office
  • Full Build-Out
  • Now

Class A, medical office at 3,684 sf available for sale or lease. The space has a large waiting room, reception area, conference room, kitchenette, 2 private restrooms, and ±10 exam rooms/individual offices. The space was previously a dental office, but it could easily be converted to a professional office. The suite was professionally designed with a modern yet cozy color scheme and accent lighting. Common area restrooms are also available.

Space Size Space Use Condition Available
1st Fl-Ste Suite 100A 1,500-1,600 SF Office Full Build-Out Now
2nd Fl-Ste 250 & 275 3,684 SF Office Full Build-Out Now

1st Fl-Ste Suite 100A

Size
1,500-1,600 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

2nd Fl-Ste 250 & 275

Size
3,684 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

1st Fl-Ste Suite 100A

Size 1,500-1,600 SF
Space Use Office
Condition Full Build-Out
Available Now

Looking for a small Class A office to lease or even buy? The 1,600 sf space has a reception area, kitchenette, large conference room, a corner office, large work room, and copy area. The space is being refreshed with new carpet and paint, so it’s ready for your move. Contact us for details on the lease or condo purchase.

2nd Fl-Ste 250 & 275

Size 3,684 SF
Space Use Office
Condition Full Build-Out
Available Now

Class A, medical office at 3,684 sf available for sale or lease. The space has a large waiting room, reception area, conference room, kitchenette, 2 private restrooms, and ±10 exam rooms/individual offices. The space was previously a dental office, but it could easily be converted to a professional office. The suite was professionally designed with a modern yet cozy color scheme and accent lighting. Common area restrooms are also available.

Fairly walkable
40/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
24-465-003-0000
Land Assessment
$72,000
Improvements Assessment
$649,500
Total Assessment
$721,500
  • Listing ID: 35376113

  • Date on Market: 4/4/2025

  • Last Updated:

  • Address: 2601 Gateway Dr, State College, PA 16801

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