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Sold: Bush Arcades – Downtown Bellefonte

December 29, 2020
Sold: Bush Arcades – Downtown Bellefonte
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The PKA team sells Bush Arcades – two mixed-use, 19th century buildings at W. High Street, Bellefonte, PA 16823. The properties are located within the heart of historic downtown Bellefonte, along Talleyrand Park, northeast of Downtown State College and Pennsylvania State University. The properties are within short driving distance of the University Park Airport. The properties consist of 10 street-level commercial units (7 units in the Big Arcade and 3 units in the Little Arcade) with frontage along one of Bellefonte Borough’s main thoroughfares and 25 residential units across both buildings with a variety of layouts, including studio, 1-bedroom, and 2-bedroom apartments.

BIG ARCADE HIGHLIGHTS

  • Acreage: 0.35 acre (15,246 SF)
  • Building Space: 23,614 SF
  • Annual Taxes (2020): $10,205.87
  • Zoning: Central Business District (C-1)
  • Unit Composition: 7 commercial units (1st Floor) & 17 residential units (2nd/3rd Floor)

LITTLE ARCADE HIGHLIGHTS

  • Acerage: 0.08 acre (3,485 SF)
  • Building Space: 16,350 SF
  • Annual Taxes (2020): $2,371.59
  • Zoning: Central Business District (C-1)
  • Unit Composition: 3 commercial units (1st Floor) & 8 residential units (2nd/3rd Floors)

The partners of Poole, Karch & Aumiller have over 90 years of combined experience buying, selling, and leasing a variety of commercial property types in Centre County, PA and surrounding areas.

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