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111 W Beaver Ave 2,100 SF of Retail Space Available in State College, PA 16801
Highlights
- High volume foot traffic
- Prime location in Downtown State College
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 2,100 SF | 5 Years | $27.59 CAD/SF/YR $2.30 CAD/SF/MO $57,947 CAD/YR $4,829 CAD/MO | Triple Net (NNN) |
1st Floor
- Located in downtown State College on the corner of Beaver Ave. & Allen Street - High volume foot traffic - On-site bathroom - Ample metered parking across the street - Utilities included with rent are: gas, water & sewer *Tenant is responsible for electric, trash removal and applicable taxes (DID Assessment, Centre County Real Estate & Stat College Real Estate)
- Lease rate does not include utilities, property expenses or building services
- Located in-line with other retail
- Space In Need of Renovation
- Central Air and Heating
- Private Restrooms
- Smoke Detector
- Street level entrance
- Prime location
- Own entrance into space
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 2,100 SF | Gross Leasable Area | 33,000 SF |
| Property Type | Retail | Year Built/Renovated | 1942/1990 |
| Total Space Available | 2,100 SF |
| Property Type | Retail |
| Gross Leasable Area | 33,000 SF |
| Year Built/Renovated | 1942/1990 |
About the Property
Located in the heart of downtown State College, 111 W. Beaver Avenue is a vibrant mixed-use building situated just steps from the campus of Pennsylvania State University. This centrally located property is surrounded by the shops, restaurants, and energy that make downtown State College a popular destination for students and visitors alike. The building features a dynamic mix of commercial and residential spaces, including a restaurant, theater, and retail storefront, as well as student apartments on the upper floors. These uses create an active street presence while providing convenient living options for students who want to be close to campus and downtown amenities. Residents benefit from walkable access to campus, entertainment, dining, and shopping, making it an ideal location for student living. The commercial spaces add to the lively character of the building and contribute to the unique downtown atmosphere. Highlights - Prime downtown State College location - Just steps from Penn State campus - Mixed-use building with restaurant, theater, retail, and student apartments - Located in the center of downtown shopping, dining, and entertainment - Locally owned and professionally managed 111 W. Beaver Avenue offers a combination of convenience, entertainment, and student living, making it a well-known and active property in downtown State College.
Nearby Major Retailers
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111 W Beaver Ave
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