129 Medical Park Lane, Bellefonte, PA 16823
Two-building portfolio leased to a medical user, with in-place income through December 31, 2027.
- 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
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
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Bellefonte
- County
- Centre
- State
- Pennsylvania
- Longitude
- -77.7493561
- Latitude
- 40.9153892