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720 E College Avenue

BELLEFONTE, PA 16823
  • $850,000
  • STATUS: Active
  • ON SITE: 638 Days
  • ID#: PACE2305234
UPDATED: 20 min ago
$850,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1940
County:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

Prime Commercial Opportunity on 10.48 Acres with Fully Rented Duplex and Two Outbuildings.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 propertys 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 buyers 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. Dont miss the chance to capitalize on this rare find.

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Yocum Real Estate Centre LLC. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-11-08T21:53:02.243.
www.buyinstatecollege.com/homes/136784705
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720 E College Avenue BELLEFONTE, PA 16823

  • Price: $850,000
  • Status: Active
  • On Site: 638 Days
  • Updated: 20 min ago
  • ID#: PACE2305234
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1940
Built
Neighborhood:
None Available
County:
Centre
Area:
Benner Twp (16412)
Elementary School:
Pleasant Gap
Middle School:
Bellefonte Area
High School:
Bellefonte Area
School District:
Bellefonte Area
Property Description
Prime Commercial Opportunity on 10.48 Acres with Fully Rented Duplex and Two Outbuildings.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 propertys 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 buyers 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. Dont miss the chance to capitalize on this rare find.
Exterior Features

Construction Materials Vinyl Siding Garage YN No Parking Types Private Garage Road Surface Type Paved Roof Shingle Water Access YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 0.00 Cooling None Exclusions Tenant owned washer & dryer Heating Forced Air Heating YN Yes Inclusions 2 refrigerators2 ranges Net Square Feet 1914.00 Stories 2

Property Features

Accessibility Features None Central Air YN No Condo YN No Cooling Fuel None Federal Flood Zone YN No Heating Fuel Natural Gas Hot Water Electric Municipality BENNER TWP Navigable Water YN N New Construction YN No Number Of Units Total 2 Original MLSNumber 73313:CCAR Ownership Interest Other Property Sub Type Other Sale Type Standard Sewer Private Septic Tank Tax Annual Amount 0.00 Vacation Rental YN No Water Source Well Zoning COMMERCIAL

Listing courtesy of RE/MAX Centre Realty: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Yocum Real Estate Centre LLC. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-11-08T21:53:02.243.
 
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Yocum Real Estate Centre LLC
1454 Martin Street
State College PA, 16803