500 SOUTH ALLEN STREET, State College, PA 16801

Building for Sale

For Sale: $1,500,000New on the Market

8,984 ft²
.34 acres

Rare opportunity to own a fraternity within blocks of downtown and Penn State's campus. Built in 2005, this is one of the newest fraternity buildings in town. The property features 17 bedrooms and has a maximum occupancy of 34, with valid rental permits. Central air and forced gas heat in common areas, along with separate heating/cooling units in most bedrooms. Features include a commercial kitchen installed in 2010 and a professionally installed sprinkler system. Generate extra revenue with the on-site parking lot with 20 parking spaces. Contact listing agent with questions including additional uses for the property. Financials available upon request.

Property Highlights

  • Built in 2005
  • Prime location
  • 8984 sq ft above grade (11,386 total sq ft)
  • Commercial kitchen installed in 2010
  • Gas heat/Central air in common areas
  • Individual heating/cooling units in most bedrooms
  • Handicap accessible bedroom/full bathroom on the main level
  • 20 off-street parking spaces
  • Zoned R-2
  • .34 acre lot
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More Info

The property is conveniently located in the heart of the State College borough, at the corner of South Allen and East Fairmount Avenue. Penn State University's campus is located within minutes of the property, as well as the downtown area known for its small town friendliness and college town charm.

Shelley Wilk
814-574-3402 (Cell)
814-231-8200 (Office)
Eric Hurvitz
814-883-9880 (Cell)
814-231-8200 (Office)
Office Info
RE/MAX Centre Realty
1375 Martin Street State College, PA 16803
814-231-8200 (Office)