Rite Aid 821 E Bishop St
14,673 SF Retail Building Bellefonte, PA 16823 For Sale
INVESTMENT HIGHLIGHTS
- Freestanding retail building (2009) with drive-thru, located directly across the street from Bellefonte Area High School
- Located approximately 12 miles northeast of Penn State University
- Conveniently located approx. one (1) mile from Interstate-99 (I-99) and approximately three (3) miles south of Interstate-80 (I-80)
EXECUTIVE SUMMARY
The offering is for a single-tenant retail building located at 821 East Bishop Street in Bellefonte, PA, approximately 12 miles northeast of Penn State University. The 14,673 square foot single-tenant retail building was constructed in 2009 and was formerly occupied by Rite-Aid. The Property features dual-sided pylon signage fronting Bishop Street (approx.
9,000 VPD) and a large on-site parking lot totaling 50 spaces (3.74/1,000 SF). Within Bellefonte, the Property is located directly across the street from Bellefonte Area High School (Approx. 900 students) and a few blocks east of downtown. Neighboring retailers include CVS/Pharmacy, Verizon, Pizza Hut, M&T Bank, PNC Bank, Domino's Pizza, Dollar General, NAPA Auto Parts, Burger King, Wendy's, Weis Market, and Habitat for Humanity, among others.
9,000 VPD) and a large on-site parking lot totaling 50 spaces (3.74/1,000 SF). Within Bellefonte, the Property is located directly across the street from Bellefonte Area High School (Approx. 900 students) and a few blocks east of downtown. Neighboring retailers include CVS/Pharmacy, Verizon, Pizza Hut, M&T Bank, PNC Bank, Domino's Pizza, Dollar General, NAPA Auto Parts, Burger King, Wendy's, Weis Market, and Habitat for Humanity, among others.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,673 SF
Building Class
B
Year Built
2009
Tenancy
Single
Number of Floors
1
Building FAR
0.20
Lot Size
1.70 AC
Opportunity Zone
Yes
Zoning
HC
Parking
50 Spaces (3.74 Spaces per 1,000 SF Leased)
Frontage
90 ft on E Bishop St
AMENITIES
- Pylon Sign
- Signage
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 32-204-042A-0000 | Improvements Assessment | £545,578 |
| Land Assessment | £65,561 | Total Assessment | £611,140 |
CONTACTS
-
Matt Tarshis -
Andrew Rubin -
Zack Pearlstein -
Andrew Picchietti -
Andrew Slovis -
Frontline Real Estate Partners
