720 E College Avenue Bellefonte, PA 16823 Municipality: Benner Twp

Other Residence

Beds

Baths

1,914 Sq. Ft.

Property Activity

Time on Site

days

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Last updated on 9/22/2024 2:39 AM

Listing 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 propertyâs 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 buyerâs 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. Donât miss the chance to capitalize on this rare find. Continue reading

MLS#

PACE2305234

Property Type

Other

Year Built

1940

Square Feet

1,914 sq. ft

Sewer

Septic