Bellefonte, PA 16823 116 S Penn Street
$325,000
Sold: Aug 11, 2026
34 more
Presented By: Ella Williams with Kissinger, Bigatel & Brower - 8142344000; [email protected]
SQFT • 2,598
Home Details
Imagine stepping out of Bellefonte and into Italy, This restaurant has been owned by three generations of Italians and has a triple AAA rating in their service of quality food and service to Centre County. Located about one-half of a block from the county courthouse and in the downtown area everyone knows this business. When you purchase this property you get all the real estate, the business with a great reputation, all the equipment to run the business, allof the chattel items and private parking lots. This offers you a turn key operation. With the profits the business brings in and the rent of $925.00 from the three bedroom apartment upstairs you can look forward to a good lifestyle. Call today for the brochure which includes a list of equipment and chattel items and the sellers disclosure form.
Presented By: Ella Williams with Kissinger, Bigatel & Brower - 8142344000; [email protected]
General for 116 S Penn Street
Accessibility2+ Access Exits, Level Entry - Main, No Stairs, Ramp - Main Level
Business TypeDay Care Facility, Hair Salon and Spa, Health Club, Medical, Other, Other/General Retail, Parking Lot, Professional, Restaurant/Bar, School
Buyer FinancingOwner Financing
CityBELLEFONTE
Close Price315000.00
Construction MaterialsCombination, Frame, Stick Built, Stucco, Vinyl Siding
Cool FuelElectric
CoolingCentral A/C
CountyCENTRE
DirectionsAllegheny St, left onto Bishop St, left onto S. Penn Street (by the fire station) property on the right.
DisclosuresProp Disclosure, Sell Entirely, Special Permits, Under Lease
Electric100 Amp Service, 200+ Amp Service
ExclusionsAny leased equipment. Beverage cooler belongs to the soda company.
HeatingCentral, Forced Air
Location TypeBusiness District
Lot Size Square Feet3485.00
Lot Size UnitsSquare Feet
MLS AreaBellefonte Boro (16432)
MunicipalityBELLEFONTE BORO
New ConstructionNo
Number Of Units Total2
OwnerPaysCommon Area Maintenance, Heater Maintenance Contract, Insurance, Lawn/Shrub Care, Pest Control, Snow Removal, Taxes - Real Estate, Trash Collection, Water
OwnershipFee Simple
Possession0-30 Days CD
Possible UseApartments, Barber/Beauty, Bed & Breakfast, Church, Clothing, Commercial, Day Care, Florist/Nursery, Food & Beverage, Food Market, Funeral Home, Laundromat, Medical/Dental, Mini-Storage, Mixed Use, Office, Parking, P
Price Per Sq Ft Total AG125.1
Property ConditionGood
Property SubtypeMixed Use
Property TypeCommercial Sale
RoofAsphalt, Shingle
Security FeaturesSmoke Detector
SewerPublic Sewer
Standard StatusClosed
StatusCLOSED
Tax Annual Amount2791.52
Tax Assessed Value34440.0
Tax Year2025
UtilitiesCable TV, Multiple Phone Lines, Natural Gas Available, Sewer Available, Water Available
Vacation Rental Y/NNo
ViewStreet
Water Access Y/NNo
Year Built1965
Year Built SourceEstimated
ZoningCR
Interior for 116 S Penn Street
Central Air Y/NYes
FlooringCarpet, Ceramic Tile
Heating FuelNatural Gas
Heating Y/NYes
Hot WaterElectric
Total Stories2
Exterior for 116 S Penn Street
Building Area Total2598.00
Car Parking Spaces19
Door FeaturesDouble Entry
InclusionsSee Remarks
Land Assessed Value3295.00
Land Use Code
Lot Dimensions0.00 x 0.00
Lot FeaturesRented Lot, Road Frontage, Year Round Access
Lot Size Acres0.08
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
Other EquipmentNegotiable
Parking FeaturesHandicap Parking, Lighted Parking, Paved Parking, Private
Road ResponsibilityBoro/Township
Road Surface TypeAccess - On Grade, Alley, Paved
Total Loading Docks0
Total Parking Spaces19
Type of ParkingParking Lot
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Waterfront Y/NNo
Rita Vaquera
Agent