160 W Clearview Ave

Property Details

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Investment Highlights

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• Prime location for residential development, which is approved for 31 units
• Desirable in-town location within an established residential and commercial corridor
• Level parcel with utilities in place
• Minutes from N Atherton Street, Penn State University, and I-99

Project Description

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Positioned in a highly desirable infill location, 130 W Clearview offers a 2.5-acre redevelopment opportunity in the heart of State College. This well-located parcel is ideally suited for a new multifamily community, with approvals in place to support residential density in one of Central Pennsylvania’s strongest rental markets. Surrounded by established neighborhoods and just minutes from Pennsylvania State University, the property benefits from consistent housing demand driven by student, faculty, and workforce populations. The site provides convenient access to major retail corridors, employment centers, and regional transportation routes, enhancing its appeal for both developers and future residents. With its multi-family zoning, strong demographics, and proximity to core amenities, 130 W Clearview presents a rare opportunity to deliver a thoughtfully designed multifamily project in a supply-constrained market. Since we had it rezoned, I would focus more on the pictures for redevelopment and not the building as the best use if a multi-family redevelopment.

Location Description:

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Located in the heart of State College’s established residential corridor, 160 W Clearview Ave offers a highly accessible setting just off North Atherton Street, one of the area’s primary commercial thoroughfares. The property sits minutes from downtown State College and Penn State University, providing convenient connectivity to major retail centers, restaurants, healthcare facilities, and everyday amenities. Surrounded by stable neighborhoods and consistent year-round population density, the location benefits from strong local traffic patterns and easy access to I-99 and other key regional roadways. This central positioning makes it an attractive site for users seeking visibility, accessibility, and proximity to both student and permanent resident populations within the Centre County market.

Trade Area Description:

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The trade area surrounding 160 W Clearview Ave draws from a dense and diverse customer base within a 3–5-mile radius, anchored by the year-round population of State College and the student body of Penn State University. The area benefits from a balanced mix of permanent residents, young professionals, and university students, creating consistent daily traffic and stable consumer demand. Strong household incomes, high educational attainment levels, and steady residential density support a wide range of retail, service, and office uses. Proximity to North Atherton Street and other primary corridors enhances accessibility and visibility, allowing the site to capture both neighborhood-driven traffic and broader Centre County consumer flow.
The combination of demographic strength, institutional presence, and established commercial infrastructure makes the trade area one of the most reliable and active markets in the region.

Property Location:

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