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Listed by David Fonash • Continental Real Estate Management
$ 2,400,000
Est. payment /mo
New
129-141 MEDICAL PARK LN Bellefonte, PA 16823
6.09 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Services
Listing Status Active
Purchase Type For Sale
MLS Listing ID PACE2519278
Year Built 1997
Annual Tax Amount $41,300
Tax Year 2026
Lot Size 6.090 Acres
Acres 6.09
Property Sub-Type Services
Source BRIGHT
Property Description
This two-building commercial portfolio at 129 & 141 Medical Park Lane offers a compelling investment opportunity with immediate cash flow and long-term upside, featuring approximately 12,384 SF across 6.09± acres in a highly accessible, strategically located Bellefonte corridor.
The property is currently leased to a medical tenant, generating stable income through December 31, 2027, allowing a buyer to benefit from in-place cash flow while evaluating future development potential. Following the lease term, a deed restriction will prohibit medical users, giving a new owner flexibility to reposition the asset and explore alternative uses or redevelopment to enhance long-term value.
This offering is attractive to investors, end users and developers.
The property is currently leased to a medical tenant, generating stable income through December 31, 2027, allowing a buyer to benefit from in-place cash flow while evaluating future development potential. Following the lease term, a deed restriction will prohibit medical users, giving a new owner flexibility to reposition the asset and explore alternative uses or redevelopment to enhance long-term value.
This offering is attractive to investors, end users and developers.
Location
State PA
County Centre
Area Bellefonte Boro (16432)
Zoning CO
Interior
Hot Water Electric
Heating Central
Cooling Central A/C
Heat Source Natural Gas
Exterior
Garage Spaces 73.0
Water Access N
Roof Type Shingle
Accessibility Doors - Lever Handle(s), Level Entry - Main, No Stairs
Total Parking Spaces 73
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Bellefonte Area
Others
Tax ID 13-004-,108-,0000, 13-004-,109-,0000
Ownership Fee Simple
Special Listing Condition Standard
