116 Penn St Bellefonte, PA 16823

Property Details for 116 Penn St

Lot size

0.08 lot acres

Property type

Turn key restaurants

APN

32-201-,010-,0000-

APU

322010100000

Description

This exceptional mixed-use property at 116 S Penn Street, Bellefonte, PA, presents a unique investment opportunity. The 3,002 square foot building sits on a 0.14-acre lot and is currently home to a thriving Italian restaurant. The sale includes the real estate and offers immediate rental income of $925 per month from an existing apartment. The current restaurant owner is offering the sale of the business and its chattel (appliances, etc.) separately for $179,700, including recipes. This turnkey operation provides a seamless transition for a new owner. Alternatively, the property's versatile layout and ample parking offer significant potential for a variety of commercial ventures. The building could easily be adapted to suit a wide range of businesses, from retail spaces to Airbnbs, capitalizing on Bellefonte's growing commercial market. The property's location within a vibrant and active commercial community ensures strong potential for return on investment. The asking price for the real estate is $359,300. Interested parties are encouraged to inquire about the diverse business possibilities permitted at this address. This property offers a blend of immediate income generation and long-term growth potential, making it an attractive proposition for savvy investors.

Location Insight

City

Bellefonte

County

Centre

State

Pennsylvania

Longitude

-77.7761

Latitude

40.9118

CBSA code

44300

CBSA name

STATE COLLEGE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments