Pleasant Gap, PA 16823,720 W COLLEGE AVE
Pleasant Gap, PA 16823,720 W COLLEGE AVE
Pleasant Gap, PA 16823,720 W COLLEGE AVE
Pleasant Gap, PA 16823,720 W COLLEGE AVE
Pleasant Gap, PA 16823,720 W COLLEGE AVE
Pleasant Gap, PA 16823,720 W COLLEGE AVE
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Listed by Ryan S Lowe • RE/MAX Centre Realty
Bought with Ryan S Lowe • RE/MAX Centre Realty

$650,000

$800,000

18.8%
Est.Price: ?

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Est. payment /mo

10.48 Acres Lot


SOLD DATE : 05/19/2025

Key Details

Sold Price $650,000

Property Type Commercial

Sub Type Other

Listing Status Sold

Purchase Type For Sale

Subdivision None Available

MLS Listing ID PACE2512476

Sold Date 05/19/25

Year Built 1940

Annual Tax Amount $2,132

Tax Year 2024

Lot Size 10.480 Acres

Acres 10.48

Lot Dimensions 0.00 x 0.00

Property Sub-Type Other

Source BRIGHT

Property Description

Prime Commercial Opportunity on 10.48 Acres with Fully Rented Duplex and Two Outbuildings.
Discover a unique investment opportunity with 511 feet of highly visible College Avenue frontage, just outside the charming town of Pleasant Gap along Route 26/W College Ave. This 10.48-acre property is zoned commercial and boasts a fully rented duplex, two versatile outbuildings, and recent subdivision approval by Henry Surveys, with property taxes to be adjusted accordingly. Unit 1: Located on the first floor, featuring 2 bedrooms and 1 full bath, currently leased at $350/month. Unit 2: Located on the second floor, also with 2 bedrooms and 1 full bath, leased at $400/month. Tenants are responsible for lawn care and snow removal, with natural gas heat covered by the first-floor tenant. While there are no formal leases in place, both tenants have an agreement to sign a lease or vacate within 4 months of the property's sale, offering flexibility to the new owner. Situated near established businesses such as Sunbelt Rentals, Encompass Health, and the PennDOT Driver License Center, this location provides excellent commercial potential. All mineral rights convey with the sale. The property is currently enrolled in Clean & Green, buyer will be responsible for re-enrollment. Public sewer is available with SBWJA at buyer's expense. Seller is willing to owner finance for up to 5 years with a non-refundable deposit. This is an outstanding opportunity for commercial development or investment in a growing area. Don't miss the chance to capitalize on this rare find.

Location

State PA

County Centre

Area Benner Twp (16412)

Zoning COMMERCIAL

Interior

Hot Water Electric

Heating Hot Water

Cooling None

Heat Source Natural Gas

Exterior

Garage Spaces 6.0

Water Access N

Accessibility None

Total Parking Spaces 6

Garage N

Building

Sewer Private Septic Tank

Water Private, Well

New Construction N

Schools

School District Bellefonte Area

Others

Tax ID 12-005-,034G,0000-

Ownership Fee Simple

SqFt Source Estimated

Special Listing Condition Standard

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