About This Home

This 0-bedroom, 0-bathroom other at 200 ELMWOOD Street in State College, PA is listed for $1,990,000. Built in 1965, on a 1.30 acres lot.

Key Features

  • Built in 1965
  • 1.30 acre lot
  • 26 parking spaces

Property Details

26 spaces
1965

Amenities

A/C
Listing Description

Turnkey mixed-use investment opportunity in College Township, minutes from Penn State University, Downtown State College, Route 322 and I-99. Situated on approximately 1.30 acres, this 7,579-square-foot property offers excellent visibility, approximately 25 parking spaces and two established income streams.

A long-standing veterinary practice occupies approximately 5,905 square feet across two floors under a triple-net lease. The practice recently expanded into former garage and storage space and completed extensive renovations throughout the facility. The property also includes a recently renovated 1,674-square-foot residential apartment featuring three bedrooms and one full bath.

Both units are fully leased, providing 100% occupancy and approximately $136,380 in current scheduled annual rental income. Gateway Commercial zoning permits a variety of potential commercial uses, providing valuable long-term flexibility. With upgraded interiors, established tenancy, ample parking and convenient access to the greater State College

area, 200 Elmwood Street presents an attractive opportunity for investors seeking diversified income and future adaptability. Financial information, lease documents and operating details are available to qualified buyers upon request.

Monthly Cost Estimate

$10,643/mo

20% down · 6.5% · 30 years

Principal$1,439
Interest$8,623
Insurance$580

Estimates only. Actual payments may vary.

Location

200 ELMWOOD Street

State College, PA 16801

Property Details

Construction

Brick Combination Wood Siding Stucco

Parking

Offsite

Heating

Forced Air

Cooling

Central Air

Questions & Answers

This 0-bedroom, 0-bathroom other at 200 ELMWOOD Street is listed at $1,990,000. The estimated monthly payment is $10,643 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1965, 1.30 acre lot, 26 parking spaces.

This property is listed by James Bradley.

JB

James Bradley

License RS323140

Agent at Keller Williams Advantage Realty

Listed by Keller Williams Advantage Realty · Broker phone: (814) 280-0727

MLS# PACE2519008· Source: Bright MLS· 94 days on PropertySimple

Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

200 ELMWOOD Street, State College, PA 16801

Open this listing in: