101 N Allegheny Street Bellefonte, PA $ 524,900
101 N Allegheny Street
$ 524,900
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101 N Allegheny Street

Bellefonte, PA, 16823
$ 524,900
Bedrooms-- Baths-- Sq 5,051

Monthly Estimate*

$ 3,232

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Commercial Property for sale in Bellefonte, PA

for $524,900. This 5,051 square foot building was built in 1900 on a lot size of 0.12.

Own a Rare Piece of Bellefontes History with Investment Potential! Situated prominently on the Diamond in downtown Bellefonte, the iconic First National Bank building blends rich historical charm with modern versatility. Recognized by the Centre County Historical Society, this distinguished property has been thoughtfully preserved and updated by its current owners. Inside, you'll find two well-appointed office spaces with lots of natural light, and a stylish residential apartmentideal for investors seeking mixed-use income opportunities, or owners wanting prime office space in the heart of town. Outside, the property comes with two parking spaces and the green space between this building and the YMCA. The main level office showcases a stunning wall-length mural, painted in 1962 by Milton & Sophia Osborne, offering a nostalgic glimpse of Bellefonte in 1878. The building is constructed of 18 thick brownstone walls. The original marble flooring and walls have been thoughtfully restored. The building features three vaults original to the building, first floor ceilings measuring 13.5 feet with 9-foot windows, the second-floor features 12-foot ceilings with 8-foot windows. Over the past 15 years, major upgrades have been made including a new copper roof, exterior painting, sprinkler system, HVAC, water heaters, and more ensuring both beauty and functionality. Whether you're looking to invest, occupy, or simply own a landmark, this property is a rare gem in the heart of historic Bellefonte.

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Commercial Active

Price

$ 524,900

Property Type

Commercial

Taxes

$ 6,644

Style

General Retail

Lot Size

0.12

Year Built

1900

Town/City

Bellefonte

County/Region

Centre

MLS | Web ID

PACE2515650

Features
Interior
Heating Fuel Electric
Flooring Hardwood Marble
Hot Water Electric
Total Stories 3
Heating Y/N Y
Central Air Y/N N
Total Restrooms 3
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General
Sewer Public Sewer
Heating Baseboard - Electric Other
Cooling Ductless/Mini-Split Other
Possession Subject to Existing Lease Negotiable
Roof Metal Copper
Zoning COMM
Security Features Monitored Sprinkler System - Indoor Security System Fire Detection System
Construction Materials Stone
Exclusions Any personal property or equipment belongings to current tenants or occupants.
Year Built 1900
Property Subtype Mixed Use
Tax Year 2026
Ownership Fee Simple
Cool Fuel Electric
Municipality BELLEFONTE BORO
Business Type Other/General Retail
Accessibility None
County CENTRE
New Construction N
Property Type Commercial Sale
Subdivision Name NONE AVAILABLE
Possible Use Commercial Office
Water Access Y/N N
Status ACTIVE
Directions Located on the corner of N. Allegheny and W. High St on the Diamond in downtown Bellefonte!
City BELLEFONTE
Disclosures Historic Property Rental Permits
Number Of Units Total 3
MLS Area Bellefonte Boro (16432)
Lot Size Units Square Feet
Lot Size Square Feet 5227.20
Tax Annual Amount 6644.05
Property Condition Very Good
Price Per Sq Ft Total AG 103.92
Acceptable Financing Cash Conventional
Historic Y/N Y
Vacation Rental Y/N N
Location Type Downtown
Builder Name First National Bank Building
Standard Status Active
Year Built Source Estimated
Association Recreation Fee N
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Exterior
Lot Features Corner
Water Source Public
Inclusions Range & Refrigerator in apartment. Refrigerator in kitchenette shared by offices.
Type of Parking Parking Lot
Foundation Details Stone
Water View Y/N N
Building Area Total 5051.00
Lot Size Acres 0.12
Lot Size Source Estimated
Waterfront Y/N N
Land Assessed Value 10040.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 101
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* Excluded Features
List By
Corman Homes Sales & Property Management

Broker

melissa@melissasieg.com

Email

Affordability Calculator

$3,786
Per Month
85%
15%
0%
Monthly Principal & Interest
$3,232
Monthly Property Taxes
$554
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
Pricing History
DatePricePrice ChangeDescription
3/17/2026$524,900 -4.39% Price Down
12/9/2025$549,000 -12.15% Price Down
7/19/2025$624,900 Listed Price

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101 N Allegheny Street, Bellefonte, PA, 16823 is a Commercial Property for sale at $524,900 with 5,051 sqft and a lot size of 0.12. 101 N Allegheny Street was built in 1900. The property's zip code is 16823 which is in Bellefonte, PA