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2601 Gateway Dr
State College, PA 16801
Bristol II · Office Property For Sale
EXECUTIVE SUMMARY
For Sale/Lease: Discover a fantastic opportunity in State College, Pennsylvania! Bristol II, a Class A, office building offers flexible options for businesses or investors, with units available for purchase as condos or for lease. The entire building is also available for sale if desired. Located on the west side of town in an area with easy access to key amenities, making it ideal for growing companies or professionals seeking a well-connected workspace. Don’t miss out on this versatile investment—contact us today to schedule a tour.
The proposed office building on Gateway Drive is just off West College Ave. This property is nestled amongst other professional businesses and offices but still convenient to many housetops. It is 5 minutes from Pennsylvania State University and downtown State College, and 10 minutes from I-99. The State College Regional Airport is less than 10 miles.
Ferguson Township, which is on the southwestern portion of Centre County, is part of the State College MSA. Most of the agricultural research for PSU is done in Ferguson Township and is the home to well-known entities such as AccuWeather, Raytheon, Mercedes of State College, Bobby Rahal Honda, Best Line Equipment, Centre Region Code, Centre County Assistance office, and more. Centre County has 158,172 people, 57,573 households, and a median household income of $72,748. State College is an excellent place for business and industry. 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.
The proposed office building on Gateway Drive is just off West College Ave. This property is nestled amongst other professional businesses and offices but still convenient to many housetops. It is 5 minutes from Pennsylvania State University and downtown State College, and 10 minutes from I-99. The State College Regional Airport is less than 10 miles.
Ferguson Township, which is on the southwestern portion of Centre County, is part of the State College MSA. Most of the agricultural research for PSU is done in Ferguson Township and is the home to well-known entities such as AccuWeather, Raytheon, Mercedes of State College, Bobby Rahal Honda, Best Line Equipment, Centre Region Code, Centre County Assistance office, and more. Centre County has 158,172 people, 57,573 households, and a median household income of $72,748. State College is an excellent place for business and industry. 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.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
22,845 SF
Building Class
B
Year Built
2003
Price
$5,530,000 CAD
Price Per SF
$242.07 CAD
Percent Leased
77%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
7,615 SF
Slab To Slab
15’
Building FAR
0.29
Lot Size
1.80 AC
Zoning
IRD (Corridor Overlay) - Light Industry, Research & Development (with Ferguson Township Corridor Overlay)
Parking
96 Spaces (4.2 Spaces per 1,000 SF Leased)
AMENITIES
- Controlled Access
- Signage
- Accent Lighting
- Central Heating
- Direct Elevator Exposure
- Natural Light
- Drop Ceiling
- Hardwood Floors
- Air Conditioning
- Smoke Detector
PROPERTY TAXES
| Parcel Number | 24-465-003-0000 | Improvements Assessment | $897,934 CAD |
| Land Assessment | $99,540 CAD | Total Assessment | $997,474 CAD |
PROPERTY TAXES
Parcel Number
24-465-003-0000
Land Assessment
$99,540 CAD
Improvements Assessment
$897,934 CAD
Total Assessment
$997,474 CAD
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