Your email has been sent.
1344-1374 S Atherton St - Southwood Office Complex 695 SF Office/Medical Condo Unit Offered at $210,449 CAD in State College, PA 16801



Investment Highlights
- Stable NNN lease in place through December 2027 with one renewal option remaining.
- Desirable CP2 zoning accommodating diverse office and medical uses.
- Easily accessible single-story property with on-site parking and natural light interiors.
- Annual rent increases tied to CPI starting in 2026 for sustained income growth.
- Convenient frontage along S Atherton Street with direct routes to downtown State College.
- Strong regional economic base supported by Penn State University and healthcare employment clusters.
Executive Summary
Great investment opportunity. The tenant is responsible for all condo expenses, including utilities, real estate taxes, insurance, and monthly condo association fees, making this a true NNN-style investment with minimal landlord obligations. The lease also provides one remaining two-year renewal option, extending upside and stability for the next owner. Investment Highlights: In-place lease through December 2027 Current rent: $1,255.54/month Annual CPI rent increases beginning in 2026. Tenant pays all expenses: utilities, taxes, insurance, and condo fees One (1) two-year renewal option remaining Great Year 1 cash-on-cash return Low-maintenance, passive investment
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | No. Parking Spaces | 1 |
| Sale Type | Investment |
| No. Parking Spaces | 1 |
Positioned on a parcel of nearly an acre, the property benefits from frontage on a high-visibility route with steady traffic counts and access to major local arteries leading into downtown State College. The building’s CP2 zoning supports a range of professional and medical uses, offering lasting flexibility and appeal to occupants. Ample surface parking and single-story design support smooth tenant operations and accessibility. The combination of low-maintenance structure, consistent cash flow, and surrounding economic strength makes this office condominium a practical solution for investors seeking reliable returns in an environment with enduring demand drivers led by education, healthcare, and business service sectors.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 1368 | 695 SF | Office/Medical | $210,449 CAD ($302.80 CAD/SF) | - |
Unit 1368
| Unit Size |
| 695 SF |
| Condo Use |
| Office/Medical |
| Price |
| $210,449 CAD ($302.80 CAD/SF) |
| NOI |
| - |
Unit 1368
| Unit Size | 695 SF |
| Condo Use | Office/Medical |
| Price | $210,449 CAD ($302.80 CAD/SF) |
| NOI | - |
| Sale Type | Investment |
| No. Parking Spaces | 1 |
| Description | |
| Reception area, conference room, private office and in suite restroom & storage.</li></ul> | |
| Sale Notes | |
| Southwood Office Complex presents an appealing investment opportunity located along S Atherton Street in State College, a key commercial corridor with close proximity to Penn State University and robust residential and retail markets. The available office/medical condominium unit is currently leased under a true NNN arrangement, minimizing landlord involvement while providing stable income. The existing tenant agreement includes annual CPI-based rent adjustments beginning in 2026 and one remaining two-year renewal option, reinforcing long-term security for potential buyers.<br> Positioned on a parcel of nearly an acre, the property benefits from frontage on a high-visibility route with steady traffic counts and access to major local arteries leading into downtown State College. The building’s CP2 zoning supports a range of professional and medical uses, offering lasting flexibility and appeal to occupants. Ample surface parking and single-story design support smooth tenant operations and accessibility. The combination of low-maintenance structure, consistent cash flow, and surrounding economic strength makes this office condominium a practical solution for investors seeking reliable returns in an environment with enduring demand drivers led by education, healthcare, and business service sectors.</li></ul> |
Property Facts
| Total Building Size | 695 SF | Typical Floor Size | 695 SF |
| Property Type | Office (Condo) | Year Built | 1987 |
| Building Class | B | Lot Size | 0.99 AC |
| Floors | 1 | Parking Ratio | 1.44/1,000 SF |
| Zoning | CP2 - Planned Commercial 2 - allows any use except specific exceptions in Commercial Zoning. | ||
| Total Building Size | 695 SF |
| Property Type | Office (Condo) |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 695 SF |
| Year Built | 1987 |
| Lot Size | 0.99 AC |
| Parking Ratio | 1.44/1,000 SF |
| Zoning | CP2 - Planned Commercial 2 - allows any use except specific exceptions in Commercial Zoning. |
Amenities
- Bus Line
- Signage
- Natural Light
Presented by
1344-1374 S Atherton St - Southwood Office Complex
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.


