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720 E COLLEGE AVENUE
BELLEFONTE PA 16823 US

$850,000

Active Listing ID PACE2305234
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$850,000

Active Listing ID PACE2305234
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720 E COLLEGE AVENUE 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.

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Property Features

  • Facts
  • Property Type: Commercial Sale
  • Property Sub-type: Other
  • Features
  • Heating Fuels: Forced Air

Property

  • propertytype: Commercial Sale
  • propertysubtype: Other
  • listprice: 850000
  • unparsedaddress: 720 E COLLEGE AVENUE
  • postalcity: BELLEFONTE
  • stateorprovince: PA
  • country: US
  • postalcode: 16823
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeunits: Acres
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 40.88257
  • longitude: -77.71775
  • listagentfullname: Ryan S Lowe
  • listagentemail: ryan@loweteam.com
  • listagentkey: 3yd-TRENDPA-3347236
  • listagentmlsid: 3347236
  • listagentpreferredphone: 8142318200
  • listagentofficephone: 8142318200
  • listofficekey: 3yd-TRENDPA-REMAXCR1
  • listofficemlsid: REMAXCR1
  • disclaimer: Copyright © 2024 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: TRENDPA
  • yearbuilt: 1940
  • listingcontractdate: 2021-10-28
  • listagenturl: https://www.statecollegehomes.com/
  • countyorparish: CENTRE
  • constructionmaterials: Vinyl Siding
  • heating: Forced Air
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 5
  • waterfrontyn: False
  • franchiseaffiliation: RE/MAX International
  • architecturalstyle: Other
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: False
  • internetconsumercommentyn: False
  • location: -77.71775, 40.88257
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"RE/MAX Centre Realty", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"ryan@loweteam.com", "ListBrokerageCity":"State College", "ListBrokerageCountry":"US", "ListBrokerageEmail":"ktosto@statecollegehomes.com", "ListBrokerageLogoUrl":null, "ListBrokerageName":"RE/MAX Centre Realty", "ListBrokeragePhone":"(814) 280-2177", "ListBrokeragePostalCode":"16803", "ListBrokerageStateOrProvince":"PA", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"1375 Martin St", "ListBrokerageWebsiteUrl":"https://www.statecollegehomes.com/", "ListOfficeAddress1":"1375 Martin STREET", "ListOfficeAddress2":"100", "ListOfficeBrokerMlsId":null, "ListOfficeCity":"State College", "ListOfficeCountry":"US", "ListOfficeEmail":"ktosto@statecollegehomes.com", "ListOfficePostalCode":"16803", "ListOfficeStateOrProvince":"PA", "ListPriceCurrencyType":"USD", "ListingTitle":"Commercial - BELLEFONTE, PA", "ListingURL":"https://listings.listhub.net/pages/TRENDPA/PACE2305234/?channel=rexren", "MLSModificationTimestamp":"2024-09-20T09:21:33Z", "Neighborhoods":[{"Description":null, "Name":"BENNER TWP"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":0, "TaxDescription":null, "TaxYear":null}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 11/8/2024 8:35:57 AM GMT
Source Updated Date: 11/21/2024 7:02:54 AM GMT

Courtesy of: Ryan S Lowe, RE/MAX Centre Realty, ryan@loweteam.com

Copyright © 2024 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.