720 E College Avenue Bellefonte, PA $ 850,000
720 E College Avenue
$ 850,000
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720 E College Avenue

Bellefonte, PA, 16823
$ 850,000
Baths0.0 Sq 1,914

Monthly Estimate*

$ 5,649

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Studio

Commercial Property for sale in Bellefonte, PA

for $850,000. This 1,914 square foot building was built in 1940.

10.48 Acres Zoned Commercial with a fully rented duplex & two outbuildings included. Situated outside the quaint town of Pleasant Gap along Route 26/W College Ave. Located near established businesses which include Sunbelt Rentals, Encompass Health & the PennDOT Driver License Center. Recent subdivision completed by Henry Surveys is approved & recorded, property taxes will be adjusted accordingly. Unit #1 on the first floor - 2 bedrooms, 1 full bath is leased at $350/month, Unit #2 on the 2nd floor - 2 bedrooms, 1 full bath is leased at $400/month. Tenants are responsible for lawn care & snow removal, natural gas heat is paid by the 1st floor tenant. Neither tenant has a written lease however they have the following agreement with the current owner that the buyer/new owner agrees to allow the tenants to have up to 4 months after closing to either sign a lease with the new owner or vacate the property. All Mineral Rights Convey. Property is currently enrolled in Clean & Green, buyer will be responsible for re-enrollment.

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Commercial Active

Price

$ 850,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 0

Style

Apartment Building

Year Built

1940

Town/City

Bellefonte

County/Region

Centre

MLS | Web ID

PACE2305234

Features
Interior
Heating Fuel Natural Gas
Hot Water Electric
Heating Y/N Y
Street Suffix AVENUE
Central Air Y/N N
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General
Sewer Private Septic Tank
Heating Forced Air
Cooling None
Possession Other Settlement
Roof Shingle
Zoning COMMERCIAL
Construction Materials Vinyl Siding
Exclusions Tenant owned washer & dryer
Year Built 1940
Stories 2
Property SubType Other
Tax Year 2021
Percent Ownership Other
Cool Fuel None
Municipality BENNER TWP
Business Type Apartment Building Other
Accessibility None
County CENTRE
New Construction N
Property Type Commercial Sale
Subdivision Name NONE AVAILABLE
Water Access Y/N N
Status ACTIVE
Directions From the Nittany Mall follow Route 26 go 3.2 miles property will be on your right after Sunbelt Rentals.
City BELLEFONTE
Buyer Agent Compensation 2.7
Total Units 2
MLS Area Benner Twp (16412)
Waterfront Y/N N
Street Name COLLEGE
Tax Annual Amount 0.0
Vacation Rental Y/N N
Days on Market 926
Building Area Units Square Feet
Standard Status Active
Year Built Source Estimated
Buyer Agent Compensation Type % Of Gross
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Exterior
Water Source Well
Inclusions 2 refrigerators 2 ranges
Type of Parking Private Garage
Water View Y/N N
Building Area Total 0.00
Road Surface Type Paved
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 720
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* Excluded Features
List By
Re/Max Centre Realty

Broker

ryan@loweteam.com

Email

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$5,649
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Monthly Principal & Interest
$5,649
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Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/16/2023$850,000 -10.53% Price Down
2/8/2023$950,000 Listed Price

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720 E College Avenue, Bellefonte, PA, 16823 is a Commercial Property for sale at $850,000 with 1,914 sqft. 720 E College Avenue is a studio with 0.0 baths and was built in 1940. The property's zip code is 16823 which is in Bellefonte, PA