116 S Penn St Bellefonte, PA 16823

0.08 ac lot

Individually Owned Free & Clear

Property ID

US73-3673722

$325,000

116 S Penn St, Bellefonte, PA 16823
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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.