322 Self Storage offers a strong, stabilized investment opportunity in Centre County, located at 138 Yearicks Boulevard, Centre Hall, PA. The property is 79% occupied and delivers reliable in-place income with a current 6.4% cap rate, plus long-term value-add potential. The 35, 850 SF, 216-unit facility was built in 2005 and features wide drive aisles, multiple access points, an on-site office, fenced grounds, security cameras, and excellent exterior lighting. Positioned directly off Highway 322, the property benefits from high visibility and illuminated signage seen by over 14, 000 vehicles daily. Situated on 8.34 acres, the site includes significant excess land with permitted expansion opportunities, allowing a new owner to diversify income streams rather than relying on a single use. Future development options include additional self-storage, industrial storage, automotive storage, or even select retail uses, offering flexibility and downside protection. Located just 8.7 miles from State College and Penn State University, the property benefits from a built-in customer base of students, faculty, and staff. More than 116, 000 residents within a 10-mile radius further support consistent demand. This is a rare opportunity to acquire a high-occupancy, income-producing asset with multiple paths for growth and diversification in a prime Centre County location.
