$1,375,000
$1,495,000
8.0%For more information regarding the value of a property, please contact us for a free consultation.
39,964 SqFt
SOLD DATE : 12/23/2020
Key Details
Sold Price $1,375,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 39,964 sqft
Price per Sqft $34
Subdivision None Available
MLS Listing ID PACE2310782
Sold Date 12/23/20
Style Other
Abv Grd Liv Area 39,964
Originating Board CCAR
Annual Tax Amount $12,577
Tax Year 2020
Lot Size 0.430 Acres
Acres 0.43
Property Description
The Bush Arcades are two (2) mixed-use, 19th-century buildings in the Bellefonte Borough, Centre County, Pennsylvania (?the Property?). The Property is located within the heart of historic downtown Bellefonte, along Talleyrand Park, northeast of Downtown State College and Pennsylvania State University. The Property is within short driving distance of the University Park Airport. The property includes 10 total commercial units comprised of 7 different tenants, including a long-standing dance studio, a barber shop, several medical-related offices, a yoga studio and a small sandwich shop. The Property also contains 25 total residential apartments ranging from studio apartments to 2-bedroom apartments with competitive rent rates and year-over-year rent increases. Both properties are 100% OCCUPIED! Contact Agent for an NDA, financial information, and lease information!
Location
State PA
County Centre
Area Bellefonte Boro (16432)
Zoning CENTRAL BUSINESS DIST
Interior
Heating Forced Air, Radiant
Cooling Wall Unit
Fireplace N
Heat Source Electric, Natural Gas
Exterior
Roof Type Rubber,Shingle
Accessibility None
Garage N
Building
Story 3
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade
New Construction N
Schools
School District Bellefonte Area
Others
Tax ID 32-303-,048-,0000-, 048B-,
Ownership Other
Special Listing Condition Standard
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Bought with Ryan S Lowe • RE/MAX Centre Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "