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Own a Rare Piece of Bellefonte's History with Investment Potential! Situated prominently 'on the Diamond' in downtown Bellefonte, the iconic First National Bank building blends rich historical charm with modern versatility. Recognized by the Centre County Historical Society, this distinguished property has been thoughtfully preserved and updated by its current owners. Inside, you'll find two well-appointed office spaces with lots of natural light, and a stylish residential apartment—ideal for investors seeking mixed-use income opportunities, or owners wanting prime office space in the heart of town. Outside, the property comes with two parking spaces and the green space between this building and the YMCA. The main level office showcases a stunning wall-length mural, painted in 1962 by Milton & Sophia Osborne, offering a nostalgic glimpse of Bellefonte in 1878. The building is constructed of 18' thick brownstone walls. The original marble flooring and walls have been thoughtfully restored. The building features three vaults original to the building, first floor ceilings measuring 13.5 feet with 9-foot windows, the second-floor features 12-foot ceilings with 8-foot windows. Over the past 15 years, major upgrades have been made including a new copper roof, exterior painting, sprinkler system, HVAC, water heaters, and more ensuring both beauty and functionality. Whether you're looking to invest, occupy, or simply own a landmark, this property is a rare gem in the heart of historic Bellefonte.

Source: BRIGHT MLS, MLS#: PACE2515650

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  • Property Type
    Commercial Sale
  • Lot
    0.12 acres

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Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 101 N ALLEGHENY STREET


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
6/8/2026Source: BRIGHT MLS Price Reduction
$475,000 -9.5%
5/11/2026Source: BRIGHT MLS Status Change
ACTIVE
4/1/2026Source: BRIGHT MLS Status Change
ACTIVE UNDER CONTRACT
3/17/2026Source: BRIGHT MLS Price Reduction
$524,900 -4.4%
12/9/2025Source: BRIGHT MLS Price Reduction
$549,000 -12.1%
7/19/2025Source: BRIGHT MLS Added to Database
July 19, 2025
Listing provided courtesy of Corman Homes Sales & Property Management- MLS# PACE2515650MLS ProviderContact Information: [email protected] - 8143572371