720 E COLLEGE AVE
BELLEFONTE, PA 16823
PRICE: $850,000
Active | MLS# pace2305234
The Details
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 $400/month. Tenants are responsible for lawn care and snow removal, with natural gas heat covered by the first-floor tenant. While there are no formal leases in place, both tenants have an agreement to sign a lease or vacate within 4 months of the property’s sale, offering flexibility to the new owner. Situated near established businesses such as Sunbelt Rentals, Encompass Health, and the PennDOT Driver License Center, this location provides excellent commercial potential. All mineral rights convey with the sale. The property is currently enrolled in Clean & Green, buyer will be responsible for re-enrollment. Public sewer is available with SBWJA at buyer’s expense. Seller is willing to owner finance for up to 5 years with a non-refundable deposit. This is an outstanding opportunity for commercial development or investment in a growing area. Don’t miss the chance to capitalize on this rare find.
Property Overview
Subdivision | NONE AVAILABLE |
School District | |
County | CENTRE |
Municipality | BENNER TWP |
Heat | Forced Air |
A/C | None |
Fuel | Natural Gas |
Sewer | Private Septic Tank |
Interest${{ vm.principal }}
Insurance${{ vm.pmi }}
Insurance${{ vm.taxes }}
*All fees are for estimate purposes only.
Directions: From the Nittany Mall, follow Route 26, go 3.2 miles property will be on your right after Sunbelt Rentals.
Sq. Footages | |
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Above Grade Finished Sq. Ft. | |
Above Grade Unfinished Sq. Ft. | |
Below Grade Finished Sq. Ft. | |
Below Grade Unfinished Sq. Ft. | |
Total Finished Sq. Ft. |
Rooms | Main | Upper | Lower | Bsmt. |
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Subdivision NONE AVAILABLE |
Association Fee $ |
Cap Fee $ |
Zoning COMMERCIAL |
Possession Other,Settlement |
Assessed Value |
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