214 Main StBellefonte, PA 16823

Property Details for 214 Main St

Lot size

0.37 AC

Property type

Retail properties

Property subtype

Retail space

APN

13-011-,018-,0000-

APU

130110180000

Description

This exceptional 5,360 square foot mixed-use commercial building, situated on a 0.37-acre lot at 214 N Main Street in Bellefonte, Pennsylvania, presents a lucrative investment opportunity. Currently generating income from a diverse range of established tenants, the property boasts a fully rented hair salon, a thriving restaurant with ample seating for both regular dining and small events, a functional sauna spa, and office space. A significant advantage is the inclusion of a convenient loading dock servicing a two-story warehouse, offering substantial storage capacity and operational flexibility. The building's generous floor plan allows for adaptable configurations, catering to a variety of business needs. Each tenant space is sizable, providing ample room for operations and potential expansion. The property's strong tenant occupancy and diverse income streams make it an attractive investment for those seeking a stable and profitable venture. The prime location in Bellefonte ensures high visibility and accessibility, further enhancing its appeal. This property offers the potential for continued rental income or the opportunity to occupy the space for your own business ventures. The ample parking available further adds to the property's desirability. This is a rare opportunity to acquire a well-maintained, income-producing commercial property in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $4,545,502

  6.5%

  $4,195,848

  7%

  $3,896,144

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,973,854

  Geo Method

  $2,555,080

• Alternative Use

  Use

  Valuation

  Residential

  $3,539,354

  Hospitality

  $3,242,030

  Educational

  $2,697,331

  Medical

  $2,790,096

  Retail

  $4,195,848

Location Insight

City

Pleasant Gap

County

Centre

State

Pennsylvania

Latitude

40.8689

Longitude

-77.752

CBSA code

44300

CBSA name

STATE COLLEGE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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