476 Rolling Ridge Dr

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476 Rolling Ridge Dr, State College, PA 16801

For Sale, For Lease

3,178 - 15,391 SF

476 Rolling Ridge Dr

476 Rolling Ridge Dr, State College, PA 16801

For Sale, For Lease

3,178 - 15,391 SF

Property Details

Building Size:

46,172 SF

Total Lot Size:

3.82 Acres

Sale Price:

$12,500,000

Lease Price:

$24/ SF

Vacant Space:

49,352 SF

Tenancy:

Multi

Population:

5 Mile: 84,401
7 Mile: 96,493
10 Mile: 119,964

Building Status:

Existing

Project Description

There are many options for the investor, owner/occupant, or tenant in this Class-A office at 476 Rolling Ridge Dr, State College, which is approximately 46,000 square feet and located along the busy South Atherton corridor between State College and Boalsburg by choosing to:
• Lease space between 3,178 – 14,560 sf.
• Purchase a vacant condo to occupy at 14,560 sf.
• Buy an occupied condo as an investment at 14,560 sf.
• Acquire the entire 46,000-sf building.
Medical uses occupy the majority of the building, but it can also accommodate any type of professional office user that is looking to open or expand in the Centre Region. The site has beautiful views of Mount Nittany, neighboring rolling hills, and the office park. Each office has a scenery of lush greens outside the large windows. The high-end finishes are seen in the immaculate curb appeal as you enter from South Atherton or Rolling Ridge Drive with a mixture of brick, stone, split rock, and EIFS exterior along with a metal roof. The landscaping is professionally maintained and creates a park-like setting, which is also experienced in the courtyard accessed on the first floor. The high-end finishes continue in the common areas with automatic glass doors, tray ceilings, can lighting, including granite & ceramic tiles. The 3.82-acre lot is zoned residential office in College Township. Contact us to discuss this spectacular office building.

Location Description:

The property is well-located with easy access to nearby major highways/ interstates, including Rt 322 and I-99. It is also only 2 miles from downtown State College and Penn State University and 1.5 miles from Boalsburg.

Trade Area Description:

College Township is a large township of Centre County (158,172 population & 57,573 households), which is part of the State College MSA. State College has a population of 40,745 people and 47,000 students. The South Atherton trade area is a good mix of retail, office, multi-family, and single-family homes. It also has the highest household income for the county. State College is an excellent place for business. 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. Centre County's top employers continue to show the wide range of industries that contribute to the economic strength of Happy Valley. Our major employers include
a mix of education, healthcare, retail, service industries, government, research & development, and other industries. Centre Counties top employers continue to show the wide range of industries that contribute to the economic strength of Happy Valley. Our major employers include a mix of education, healthcare, retail, service industries, government, research & development, and other industries.

Investment Highlights

A 46,000+ sf, Class A, office building for sale
Office condominiums for occupancy or as an investment
Medical/professional office space for lease between 3,100 – 15,000 sf
Curb appeal with magnificent views of Mount Nittany
Interior and exterior, high-end finishes
Convenient to Rt 322, I-99, and downtown State College

Property Location:

1st Floor - 3,178 SF Space

Space Size: 3,179 SF

Offering: For Lease

Space Type: Office

Lease Rate: $24 SF/yr

Space Details:

The 1st floor, 3,179 sf space was previously an MRI center and could easily be operational again with equipment reinstallation. With the space’s electrical capabilities, it would be a perfect fit for an IT company, medical user, or other heavy electric user. Otherwise, the space could be retrofitted to a professional office with a waiting room, multiple offices, and a conference room. There are private restrooms in the space. Tenant pays all operating expenses.

1st Floor Condo

Space Size: 15,391 SF

Offering: For Sale

Sale Price: $4,200,000

Space Details:

A first-floor office condo is for sale with three office spaces of approximately 15,000 total sf. Two of the three spaces are fully leased to long-term, medical tenants, a 3,178 sf space is for lease. The condo unit is perfect for an owner-occupant or an investor looking to expand his/her portfolio.

2nd Floor Condo

Space Size: 15,391 SF

Offering: For Sale & Lease

Lease Rate: $24 SF/yr

Sale Price: $4,200,000

Space Details:

A second-floor office condo, with at-grade access, is for sale or lease. The condo is 15,391 SF with a total of +/-14,560 USF. The space was previously a large, medical office containing 41 individual rooms used as exam rooms or practitioner offices, a large waiting room, both large and small reception areas, a radiological room, 3 nursing stations, 2 treatment rooms, a spacious practitioner work area, staff break room, a consultation room, patient and staff restrooms, and a grand conference room with beautiful views of the mountains. A portion of the office can be divided to as small as 3500 – 7000 sf to accommodate a smaller medical or professional user. The condo is perfect for an owner-occupant or an investor looking to expand their portfolio.

3rd Floor Condo

Space Size: 15,391 SF

Offering: For Sale

Sale Price: $4,200,000

Space Details:

A fully leased, third-floor office condo of 15,391 sf is for sale. The top floor of the building has many luxurious features of a Class-A space with security-controlled access to the floor, solid wood trim, high ceilings, private restrooms, and large windows with magnificent views that captivate you as you enter the suite. The condo unit is perfect for an owner-occupant or an investor looking to expand his/her portfolio.