129141 Medical Park Lane, Bellefonte, PA 16823
Two-building portfolio leased to a medical tenant through Dec. 31, 2027, on 6.09 acres.
- Added:
- May 11, 2026
- Days on Market:
- 59
- Last Refresh:
- Jul 8 at 4:12 am
Property Features for 129141 Medical Park Lane
General Information
- Standard status
- Active
- Size
- 12,384 SF
- Lot size
- 6.09 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1997
Listing office Continental Real Estate Management
Listing date May 11, 2026
Source Deepcreeklake
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
HighLights
- Two‑building commercial portfolio totaling approximately 12,384 SF on 6.09± acres
- Leased to a medical tenant with income through December 31, 2027
- Year built: 1997
- After the lease term, a deed restriction will prohibit medical users
- Bellefonte corridor location with easy access
Overview
The buildings are located along the Bellefonte corridor and positioned for straightforward day-to-day access. Following the lease expiration, a deed restriction will prohibit medical users, creating a change in allowed use for any future tenant or buyer.
For investors, the property offers a current medical lease with a known expiration date, allowing time to plan for what comes next. For end users or development-minded buyers, the deed restriction is an important factor to evaluate early, since it limits continued medical use after the lease term. Overall, this is a practical acquisition for a buyer seeking both leased space in the near term and flexibility to plan alternative uses when the restrictions take effect.
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
- -77.7493021
- Latitude
- 40.9157946
