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    Historic Bell Mansion Wedding Venue Title is generated by Realmo AI

    1 MAIN ST., Bellwood, PA 16617

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    For Sale
    $479,900

    Commercial Sale - BELLWOOD, PA

    Type:Retail
    Lot size:
    0.92 Acres
    Added:
    Feb 19, 2026
    Days on Market:
    100
    Last Refresh:
    May 30 at 10:06 pm

    Property Features for 1 MAIN ST.

    General Information

    Property type
    Other
    Property subtype
    Retail
    Parking
    34
    Parking features
    Parking Lot
    Standard status
    Active
    Lot size
    0.92 Acres

    Taxes and HOA fees

    Tax Annual Amount
    4944

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1863
    Building materials
    Brick, Vinyl Siding

    We can help!

    Listing Contact
    Greg Copenhaver
    Greg Copenhaver

    Listing agent Greg Copenhaver License #RS148892A

    Listing office RE/MAX Centre Realty 1375 Martin Street unit: 100, State College, PA

    Listing date Feb 19, 2026

    MLS# PABR2015978

    Copyright © 2026 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.

    HighLights

    • Huge parking lot with 34 spaces.
    • Adaptable property with many allowable uses (contact agent for details).
    • Renovated in 1995‑2001 and remodeled in 2022.
    • Complete working kitchen, ballroom, bar, and chapel included.
    • Features a working elevator to basement and main floors.
    • Includes two apartments, one currently rented for $650/month.

    Overview

    The Historic Bell Mansion, constructed in 1822, is situated in Bellwood, Pennsylvania. Currently operating as a wedding venue, this property offers a range of potential uses. The building underwent complete renovation between 1995 and 2001, with further remodeling in 2022. An elevator provides access to the basement and the main two floors. The first floor features a fully equipped kitchen, a ballroom with LVP flooring, a bar area, and a chapel. Additional amenities include a changing room with a gas log fireplace and men's and women's restrooms. A small retail space near the entrance is currently leased. The second floor contains two apartments: a two-bedroom apartment used as a meditation and massage area, and a furnished one-bedroom apartment rented for $650.00 per month. The stone foundation was repointed during the renovation, and new blown-in insulation has been added. The property includes a parking lot with 34 spaces and sits on a 0.92-acre lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Pamela's Victorian Tea ... Restaurant Cosmic Charlie's Coffee ... Cafe & Coffee Shop Healing by Design Alternative Medicine Practice

    Suggested Use

    Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Skin Care Clinic Daycare Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bellwood
    County
    Blair
    State
    Pennsylvania
    Longitude
    -78.33596
    Latitude
    40.59434

    Nearby Similar for Sale

    • $350,000
      2,086 SF

      Turn-Key Bar Opportunity in Bellwood

      Profitable bar with liquor license, equipment, and established customer base.
      601 N 9th Street, Bellwood, PA 16617
      View Details
    • $479,900
      7,700 SF

      Bellwood Corner Commercial Property

      Corner commercial property in Bellwood, Pennsylvania, totaling 7,700 square feet.
      1 Main St., Bellwood, PA 16617
      View Details

    FAQs

    What type of property is this?
    Wedding venue - Historic Bellwood property with wedding venue, apartments, and retail.
    Where is this wedding venue located?
    The property is located at 1 MAIN ST. Bellwood, PA.
    What is the asking price?
    The asking price for this property is $479,900.
    What are key features of this property?
    This property features: Huge parking lot with 34 spaces.; Adaptable property with many allowable uses (contact agent for details).; Renovated in 1995‑2001 and remodeled in 2022.
    (814) 280-2597
    We can help!
    Listing Contact
    Greg Copenhaver
    Greg Copenhaver
    Real Estate License ID: RS148892A
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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