116 Penn StBellefonte, PA 16823

This exceptional mixed-use property in Bellefonte, Pennsylvania, presents a unique investment opportunity. Located at 116 S Penn St, 16823, this two-story building boasts 3,002 square feet on a 0.14-acre lot and offers a thriving Italian restaurant currently operating at 100% occupancy. The asking price is $359,300, translating to $119.69 per square foot. The restaurant is a turnkey operation, including appliances and recipes, ensuring a smooth transition for the new owner. Beyond the restaurant, the property includes a second unit generating $925 in monthly rental income. The building features nine parking spaces, a significant advantage in a busy commercial area. Constructed in 1965, the structure is zoned CR & RO, allowing for a variety of commercial uses. The versatile zoning, combined with the existing rental income and prime Bellefonte location within a growing commercial community, makes this property an attractive investment for both restaurant operators and real estate investors seeking diverse income streams. Potential alternative uses include an AirBnB or other retail businesses. This property offers a blend of established income and future development potential.