521 University Dr.

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521 University Dr

521 University Dr, State College, PA 16801

For Lease

2,664 SF

521 University Dr

521 University Dr, State College, PA 16801

For Lease

2,664 SF

Property Details

Building Size:

2,664 SF

Total Lot Size:

0.57 Acres

Property Type:

Restaurant

Price:

Negotiable

Vacant Space:

2,664 SF

Tenancy:

Single

Building Status:

Existing

Project Description

521 University Drive is for lease in State College, PA. The property includes a former quick service restaurant, pylon signage and a paved parking. The site can offer access along University Drive, allowing dual points of ingress/egress. The property creates a great opportunity for any quick service or restaurant user to enter the State College market.

Location Description:

The property is well positioned in the State College area, near the reputable Penn State University, with over 40,000 students enrolled. With the university being within minutes of the site, there is a substantial amount of foot traffic in the surrounding area from the students all year around. The parcel provides great visibility and access along University Drive (13,211 VPD), which leads traffic into the main thoroughfare of the market. A trade area that extends over 3 miles allows the site to pull from immediate and surrounding market points.

Trade Area Description:

Adding to the stability of the property, the site shows a 20-minute drive time demographic of over 116,557 people with household incomes more than $77,181 and daytime employment demographics equally as strong with 56,840. The demographics within a 10-mile radius include 126,027 people in 47,372 homes, a labor force of 112,028 with an average household income of $78,322. The areas growth since 2000 has increased 23% with over 10,859 homes.