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


SubdivisionNONE AVAILABLE
School District
CountyCENTRE
MunicipalityBENNER TWP
HeatForced Air
A/CNone
FuelNatural Gas
SewerPrivate Septic Tank

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*All fees are for estimate purposes only.

Satellite View

Directions: From the Nittany Mall, follow Route 26, go 3.2 miles property will be on your right after Sunbelt Rentals.

Sq. Footages
Above Grade Finished Sq. Ft.
Above Grade Unfinished Sq. Ft.
Below Grade Finished Sq. Ft.
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Total Finished Sq. Ft.
RoomsMainUpperLowerBsmt.
Subdivision NONE AVAILABLE
Association Fee $
Cap Fee $
Zoning COMMERCIAL
Possession Other,Settlement
Assessed Value

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