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    Two-Building Medical Office Portfolio Title is generated by Realmo AI

    129 Medical Park Lane, Bellefonte, PA 16823

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    Two-building portfolio leased to a medical user, with in-place income through December 31, 2027.

    Type:Office, Mixed Use, Senior Living
    Property size:
    12,384 SF
    Lot size:
    6.09 Acres
    Price / SF:
    $193/SF
    Added:
    Jun 8, 2026
    Days on Market:
    13
    Last Refresh:
    Jun 20 at 5:45 am

    Property Features for 129 Medical Park Lane

    General Information

    Standard status
    Active
    Size
    12,384 SF
    Lot size
    6.09 Acres
    Property subtype
    Office, Mixed Use, Senior Living

    Building Details

    Year Built
    2013

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    Listing Contact
    Dave Fonash

    Listing agent Dave Fonash License #RS329103

    Listing office Continental Real Estate Management, INC.

    Listing date Jun 8, 2026

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Continental Real Estate Management, INC.

    HighLights

    • Two‑building commercial portfolio on 6.09 +/- acres
    • Currently leased to a medical user
    • In‑place lease income through December 31, 2027
    • Year built: 2013

    Overview

    This for-sale commercial portfolio consists of two buildings situated on 6.09 +/- acres at 129 Medical Park Lane in Bellefonte, PA. The property is currently leased to a medical user, with stable, in-place income extending through December 31, 2027. As a multi-building asset, the configuration is designed to support ongoing medical office use under the existing lease.

    The offering is positioned as both an income-producing property today and a candidate for future development. The seller’s remarks note long-term development potential alongside the current lease timeline, giving buyers a basis to underwrite the asset both as a leased investment and as a site with development considerations.

    For buyers seeking a healthcare-oriented property with an existing tenant in place, the medical lease term provides near-to-intermediate certainty for cash flow through the end of 2027. For developers or owner-users, the two-building layout on the stated acreage supports evaluation of future redevelopment or expansion possibilities consistent with the property’s described development potential. Please note that all details beyond the leased medical use and the lease income through December 31, 2027 are not provided in the information available.

    Local Financial Insights For Healthcare Medical

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $272.0k $21.96
    − Vacancy −$23.1k −$1.87
    EGI $248.8k $20.09
    − OpEx −$99.5k −$8.04
    NOI $149.3k $12.06
    12,384 SF · lease $21.96/SF/yr · vacancy 8.50% · expense 40.00%

    Alternative Uses

    Best Use
    Healthcare Medical
    $2.13M
    $1.87M – $2.49M (±1% cap)
    NOI $149,302 @ 7.0% cap · market cap 6.22%
    Second Best
    Office B
    $2.04M
    $1.79M – $2.38M (±1% cap)
    NOI $142,942 @ 7.0% cap · market cap 5.96%
    Theoretical Best
    Office A
    $2.74M
    $2.39M – $3.19M (±1% cap)
    NOI $191,455 @ 7.0% cap · market cap 7.98%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

    Real Estate Agency Restaurant Law Firm Dental Office Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy Big Box & Wholesale Store Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Bellefonte
    County
    Centre
    State
    Pennsylvania
    Longitude
    -77.7493561
    Latitude
    40.9153892

    FAQs

    What type of property is this?
    Medical Office Space - Two-building portfolio leased to a medical user, with in-place income through December 31, 2027.
    Where is this medical office space located?
    The property is located at 129 Medical Park Lane Bellefonte, PA.
    What is the asking price?
    The asking price for this property is $2,400,000.
    What are key features of this property?
    This property features: Two‑building commercial portfolio on 6.09 +/- acres; Currently leased to a medical user; In‑place lease income through December 31, 2027
    More about this property
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