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116 S Penn Street Bellefonte, PA $ 325,000
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$ 325,000 Get more info
116 S Penn Street
$ 325,000
Back to search
Share Save

116 S Penn Street

Bellefonte, PA, 16823
$ 325,000
Bedrooms-- Baths-- Sq 2,598

Monthly Estimate*

$ 2,028

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Commercial Property for sale in Bellefonte, PA

for $325,000. This 2,598 square foot building was built in 1965 on a lot size of 0.08.

Imagine stepping out of Bellefonte and into Italy, This restaurant has been owned by three generations of Italians and has a triple AAA rating in their service of quality food and service to Centre County. Located about one-half of a block from the county courthouse and in the downtown area everyone knows this business. When you purchase this property you get all the real estate, the business with a great reputation, all the equipment to run the business, allof the chattel items and private parking lots. This offers you a turn key operation. With the profits the business brings in and the rent of $925.00 from the three bedroom apartment upstairs you can look forward to a good lifestyle. Call today for the brochure which includes a list of equipment and chattel items and the sellers disclosure form.

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Commercial Active

Price

$ 325,000

Property Type

Commercial

Taxes

$ 2,791

Style

Day Care Facility,Hair Salon and Spa,Health Club,M

Lot Size

0.08

Year Built

1965

Town/City

Bellefonte

County/Region

Centre

MLS | Web ID

PACE2515596
Features
Interior
Heating Fuel Natural Gas
Flooring Carpet Ceramic Tile
Hot Water Electric
Total Stories 2
Heating Y/N Y
Central Air Y/N Y
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General
Sewer Public Sewer
Heating Central Forced Air
Cooling Central A/C
Utilities Cable TV Multiple Phone Lines Natural Gas Available Sewer Available Water Available
Possession 0-30 Days CD
Roof Asphalt Shingle
Zoning CR
Security Features Smoke Detector
Construction Materials Combination Frame Stick Built Stucco Vinyl Siding
Exclusions Any leased equipment. Beverage cooler belongs to the soda company.
Year Built 1965
Electric 100 Amp Service 200+ Amp Service
View Street
Property Subtype Mixed Use
Tax Year 2025
Ownership Fee Simple
Cool Fuel Electric
Municipality BELLEFONTE BORO
Business Type Day Care Facility Hair Salon and Spa Health Club Medical Other Other/General Retail Parking Lot Professional Restaurant/Bar School
Accessibility 2+ Access Exits Level Entry - Main No Stairs Ramp - Main Level
County CENTRE
New Construction N
Property Type Commercial Sale
Possible Use Apartments Barber/Beauty Bed & Breakfast Church Clothing Commercial Day Care Florist/Nursery Food & Beverage Food Market Funeral Home Laundromat Medical/Dental Mini-Storage Mixed Use Office Parking P
Water Access Y/N N
Status ACTIVE
Directions Allegheny St left onto Bishop St left onto S. Penn Street (by the fire station) property on the right.
City BELLEFONTE
Disclosures Prop Disclosure Sell Entirely Special Permits Under Lease
Number Of Units Total 2
MLS Area Bellefonte Boro (16432)
Lot Size Units Square Feet
Lot Size Square Feet 3485.00
Tax Annual Amount 2791.52
Property Condition Good
Price Per Sq Ft Total AG 125.1
Vacation Rental Y/N N
Location Type Business District
Standard Status Active
Year Built Source Estimated
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Exterior
Parking Features Handicap Parking Lighted Parking Paved Parking Private
Lot Features Rented Lot Road Frontage Year Round Access
Water Source Public
Inclusions See Remarks
Type of Parking Parking Lot
Water View Y/N N
Building Area Total 2598.00
Lot Dimensions 0.00 x 0.00
Lot Size Acres 0.08
Road Surface Type Access - On Grade Alley Paved
Lot Size Source Assessor
Waterfront Y/N N
Door Features Double Entry
Other Equipment Negotiable
Road Responsibility Boro/Township
Land Assessed Value 3295.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 116
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* Excluded Features
List By
Kissinger, Bigatel & Brower

Broker

ellajw45@gmail.com

Email

Affordability Calculator

$2,260
Per Month
90%
10%
0%
Monthly Principal & Interest
$2,028
Monthly Property Taxes
$233
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
7/16/2025$325,000 Listed Price

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116 S Penn Street, Bellefonte, PA, 16823 is a Commercial Property for sale at $325,000 with 2,598 sqft and a lot size of 0.08. 116 S Penn Street was built in 1965. The property's zip code is 16823 which is in Bellefonte, PA

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