103-117 N Allegheny Street Bellefonte, PA $ 1,975,000
103-117 N Allegheny Street
$ 1,975,000
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103-117 N Allegheny Street

Bellefonte, PA, 16823
$ 1,975,000
Baths0.0 Sq 15,682

Monthly Estimate*

$ 13,796

103-117 N Allegheny Street, Bellefonte, PA 16823 - Image 1
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103-117 N Allegheny Street, Bellefonte, PA 16823 - Image 8
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103-117 N Allegheny Street, Bellefonte, PA 16823 - Image 14
Studio

Commercial Property for sale in Bellefonte, PA

for $1,975,000. This 15,682 square foot building was built in 1900 on a lot size of 0.36.

Fully rented mixed Commercial & Residential investment property in the heart of downtown Bellefonte with strong positive cash flow. 21 residential rental units (primarily 1 bed, 1bath units) and 5 commercial spaces. Laundry facilities on each floor (2nd and 3rd). Owner/Property manager office and storage on site. Recently upgraded fire detection system. Tenant paid electric and heat. Income & Expenses available.

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Commercial Active

Price

$ 1,975,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 27,909

Style

Hair Salon and Spa,Restaurant/Bar,Day Care Facilit

Lot Size

0.36

Year Built

1900

Town/City

Bellefonte

County/Region

Centre

MLS | Web ID

PACE2509904

Features
Interior
Heating Fuel Electric Natural Gas
Hot Water Electric
Total Stories 4
Heating Y/N Y
Street Suffix STREET
Central Air Y/N N
Entry Level 1
Number of Elevators 0
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General
Sewer Public Sewer
Heating Baseboard - Electric Heat Pump(s) Forced Air
Cooling Heat Pump(s) Window Unit(s)
Possession Settlement
Roof Rubber Asphalt
Zoning COMMERCIAL
Security Features Smoke Detector Fire Detection System
Construction Materials Brick Stone
Year Built 1900
Property SubType Mixed Use
Tax Year 2024
Percent Ownership Fee Simple
Cool Fuel Electric
Municipality BELLEFONTE BORO
Gross Income 255500.00
Business Type Hair Salon and Spa Restaurant/Bar Day Care Facility Professional Apartment Building
Accessibility None
County CENTRE
Net Operating Income 155741.00
Operating Expense 136801.46
New Construction N
Property Type Commercial Sale
Water Access Y/N N
Status ACTIVE
Directions 322 W toward Lewistown. Take the ramp on the right for General Potter Hwy. At the roundabout take the 1st exit for General Potter Hwy. Take a sharp left onto PA-144 / Old Fort Rd. Keep right to stay
City BELLEFONTE
Buyer Agent Compensation 2.25
Zoning Description Central Business District (CBD)
Total Units 0
MLS Area Bellefonte Boro (16432)
Lot Size Square Feet 15682.00
Waterfront Y/N N
Street Name ALLEGHENY
Tax Annual Amount 27909.0
Price Per Sq Ft 125.94
Acceptable Financing Cash Conventional
Lease Considered Y/N N
Vacation Rental Y/N N
Days on Market 1
Location Type Business District
Standard Status Active
Year Built Source Estimated
Total Actual Rent 255500.00
Cap Rate 7.89
Buyer Agent Compensation Type % Of Gross
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Exterior
Water Source Public
Type of Parking On Street Parking Lot
Foundation Details Stone
Water View Y/N N
Building Area Total 15682.00
Lot Dimensions 0.00 x 0.00
Lot Size Acres 0.36
Lot Size Units Square Feet
Lot Size Source Assessor
Road Responsibility Boro/Township
Land Assessed Value 15560.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 103
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* Excluded Features
List By
Coldwell Banker Realty

Broker

offers@bedorfprinceteam.com

Email

Affordability Calculator

$16,122
Per Month
86%
14%
0%
Monthly Principal & Interest
$13,796
Monthly Property Taxes
$2,326
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% 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
5/2/2024$1,975,000 Listed Price

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103-117 N Allegheny Street, Bellefonte, PA, 16823 is a Commercial Property for sale at $1,975,000 with 15,682 sqft and a lot size of 0.36. 103-117 N Allegheny Street is a studio with 0.0 baths and was built in 1900. The property's zip code is 16823 which is in Bellefonte, PA