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116 S Penn St

5,000 SF 100% Leased Retail Building Bellefonte, PA 16823 $509,864 CAD ($102 CAD/SF)

Restaurants Pennsylvania Bellefonte 116 S Penn St, Bellefonte, PA 16823

Investment Highlights

  • Highly successful for 50+ years
  • Well-known location
  • Plenty of parking
  • Owner will gladly pass on clientele & business relationships
  • All inventory included with acceptable offer
  • A part of Bellefonte's history

Executive Summary

Details on this listing cannot be released until a confidentiality agreement has been signed and returned by the potential client/investor. Please call listing agent, Ella Williams, for more information.
Owner would be happy to pass on current clientele & business relationships to new owner along with the current inventory.
116southpennstreet.CanBYours.com

Attachments

Confidentiality Agreement

Property Facts

Sale Type
Investment
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,000 SF
Building Class
C
Year Built
1934
Price
$509,864 CAD
Price Per SF
$102 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.82
Lot Size
0.14 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
C - zoning generally refers to commercial zoning, which allows for various business activities such as retail stores, offices, and services
Parking
18 Spaces (3.6 Spaces per 1,000 SF Leased)
Frontage
65 ft on E Cherry Ln

Amenities

  • Bus Line
  • Corner Lot
  • Property Manager on Site
  • Restaurant
  • Signage
  • Storage Space
  • Air Conditioning

About 116 S Penn St , Bellefonte, PA 16823

Very successful Italian restaurant with a long family history is available for purchase. It has done good business at this location for over 50+ years. Many return customers dine at this establishment regularly and the restaurant is beloved by many locals. Details on this listing cannot be released until a confidentiality agreement has been signed and returned by the potential client/investor. Please call listing agent, Ella Williams, for more information. 116southpennstreet.CanBYours.com

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • Jim's Italian Cuisine
  • -
  • -
  • -
  • -
Tenant Industry SF OCCUPIED RENT/SF Lease End
Jim's Italian Cuisine - - - -

Links

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Nearby Major Retailers

The YMCA
Rent-A-Center
PNC Bank
Grand Rental Station

PROPERTY TAXES

Parcel Number 32-201-010-0000 Improvements Assessment $43,802 CAD
Land Assessment $4,634 CAD Total Assessment $48,436 CAD

PROPERTY TAXES

Parcel Number
32-201-010-0000
Land Assessment
$4,634 CAD
Improvements Assessment
$43,802 CAD
Total Assessment
$48,436 CAD
(814) 234-4000

Contact

  • Listing ID: 8786799

  • Date on Market: 2017-08-22

  • Last Updated:

  • Address: 116 S Penn St, Bellefonte, PA 16823

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VIDEOS
3D TOUR
PHOTOS
STREET VIEW STREET
MAP

1/14
116 S Penn St, Bellefonte, PA for sale Other- Image 1 of 14
Front of Restaurant
116 S Penn St, Bellefonte, PA for sale Other- Image 2 of 14
Center View
116 S Penn St, Bellefonte, PA for sale Other- Image 3 of 14
Half-Circle Booths for Groups
116 S Penn St, Bellefonte, PA for sale Other- Image 4 of 14
Plenty of Seating
116 S Penn St, Bellefonte, PA for sale Other- Image 5 of 14
Traditional Booth Seating
116 S Penn St, Bellefonte, PA for sale Other- Image 6 of 14
Stained-Glass Lighting
116 S Penn St, Bellefonte, PA for sale Other- Image 7 of 14
Kitchen
116 S Penn St, Bellefonte, PA for sale Other- Image 8 of 14
Kitchen
116 S Penn St, Bellefonte, PA for sale Other- Image 9 of 14
Parking to the Right
116 S Penn St, Bellefonte, PA for sale Other- Image 10 of 14
Additional Parking
116 S Penn St, Bellefonte, PA for sale Other- Image 11 of 14
Street View
116 S Penn St, Bellefonte, PA for sale Other- Image 12 of 14
Apartment - $850/mo
116 S Penn St, Bellefonte, PA for sale Other- Image 13 of 14
Rented Garage for Restaurant

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116 S Penn St
(814) 234-4000 x

116 S Penn St

Ella Williams

(814) 234-4000

(814) 234-4000

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