720 E COLLEGE AVE Bellefonte, PA 16823
UPDATED:
09/20/2024 01:21 PM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Subdivision None Available
MLS Listing ID PACE2305234
Originating Board CCAR
Year Built 1940
Tax Year 2021
Property Description
Discover a unique investment opportunity with 511 feet of highly visible College Avenue frontage, just outside the charming town of Pleasant Gap along Route 26/W College Ave. This 10.48-acre property is zoned commercial and boasts a fully rented duplex, two versatile outbuildings, and recent subdivision approval by Henry Surveys, with property taxes to be adjusted accordingly. Unit 1: Located on the first floor, featuring 2 bedrooms and 1 full bath, currently leased at $350/month. Unit 2: Located on the second floor, also with 2 bedrooms and 1 full bath, leased at $400/month. Tenants are responsible for lawn care and snow removal, with natural gas heat covered by the first-floor tenant. While there are no formal leases in place, both tenants have an agreement to sign a lease or vacate within 4 months of the property’s sale, offering flexibility to the new owner. Situated near established businesses such as Sunbelt Rentals, Encompass Health, and the PennDOT Driver License Center, this location provides excellent commercial potential. All mineral rights convey with the sale. The property is currently enrolled in Clean & Green, buyer will be responsible for re-enrollment. Public sewer is available with SBWJA at buyer’s expense. Seller is willing to owner finance for up to 5 years with a non-refundable deposit. This is an outstanding opportunity for commercial development or investment in a growing area. Don’t miss the chance to capitalize on this rare find.
Location
State PA
County Centre
Area Benner Twp (16412)
Zoning COMMERCIAL
Interior
Hot Water Electric
Heating Forced Air
Cooling None
Inclusions 2 refrigerators, 2 ranges
Heat Source Natural Gas
Exterior
Garage Spaces 5.0
Waterfront N
Water Access N
Roof Type Shingle
Street Surface Paved
Accessibility None
Total Parking Spaces 5
Garage N
Building
Story 2
Sewer Private Septic Tank
Water Well
Additional Building Above Grade
New Construction N
Schools
Elementary Schools Pleasant Gap
Middle Schools Bellefonte Area
High Schools Bellefonte Area
School District Bellefonte Area
Others
Tax ID 12-005-,034G,0000-
Ownership Other
Special Listing Condition Standard
