MLS#PACE2519278
STATUSACTIVE
PROPERTY TYPECommercial - Business
SCHOOLBELLEFONTE AREA
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.
Property Features
Property Type: Commercial - Business
Cooling: Central A/C
Fuel Type: Natural Gas
Heating: Central
Lot Size: 6.09 Acres
Roof Type: Shingle
Taxes: $41,300
Year Built: 1997
Feature Descriptions
Accessibility: Doors - Lever Handle(s), Level Entry - Main, No Stairs
Exterior: Brick, Concrete
Lot Dimensions: 6.09 Acre(S)
Municipality: BELLEFONTE BORO
Sewer: Public Sewer
Total Garage/Parking Spaces: 73
Water: Public
Local Schools
School District: BELLEFONTE AREA
Listed By / Shown By
Listed By
Agency Name: Continental Real Estate Management
Agency Phone: 8142381598
Shown By
Agent Name: Gilbert Perrone
Agent Phone: (443) 917-6600
Agency Title: Berkshire Hathaway HomeServices Homesale Realty
First American
Corporate Office - 215 S Centerville Rd. Lancaster, PA 17603
129 141 Medical Park Lane | MLS# PACE2519278
This commercial property located at 129 141 Medical Park Lane , Bellefonte, PA 16823 is currently listed for sale with an asking price of $2,400,000. 141 Medical Park Lane is located within the BELLEFONTE AREA school district. Search Bellefonte real estate on www.gilperrone.com today.