Ranch-Style Office
For Sale
$899,900
1 Charles Street, Wellsboro, PA 16901
Commercial Sale, Wellsboro, PA
Property Size4,400 SF
Lot Size0.57 Acres
Price / SF$198.30
Days on Market44
Property Features for 1 Charles Street
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
2
Half bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Elementary school district
Wellsboro Area
Middle school district
Wellsboro Area
High school district
Wellsboro Area
Subdivision
Tioga
Standard status
Active
Size
4,538 SF
Lot size
0.57 Acres
Amenities
open workspace
offices
conference rooms
copy room
bathrooms
kitchen
reception/waiting area
additional finished space
handicap accessibility
storage shed
Building Details
Year built
1981
Listing Agency:
Penn Oak Realty
(570) 724-8000
Listed By:
John Johnston
(570) 439-6007
Added: Aug 27
Changed: Oct 5
Last Checked: Oct 9 at 2:06AM
MLS# 31728106
Copyright © 2026 Northern Mountains of Pennsylvania MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This ranch-style office property, built in 1981, is organized around an open central workspace with 10 offices and conference rooms. The interior also includes a copy room, two bathrooms, a kitchen, and a reception and waiting area. Additional finished areas can accommodate storage, offices, or meeting space. Handicap accessibility is provided, and an electrically serviced storage shed adds utility beyond the main building.
The property occupies the corner of Main Street and the Wellsboro Green at 1 Charles Street, directly across from the Tioga County Courthouse. A dedicated paved parking lot supports on-site parking, an uncommon feature for this downtown setting. The office layout combines collaborative space, private rooms, support areas, and visitor-facing reception space within one commercial building.
The property occupies the corner of Main Street and the Wellsboro Green at 1 Charles Street, directly across from the Tioga County Courthouse. A dedicated paved parking lot supports on-site parking, an uncommon feature for this downtown setting. The office layout combines collaborative space, private rooms, support areas, and visitor-facing reception space within one commercial building.
Key Highlights
- Office building at 1 Charles Street, Wellsboro, PA 16901
- Built in 1981
- Open central workspace with 10 offices and conference rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,842
Cap Rate
4.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$816,840
$816.8K
Cap Rate 7%
$583,457
$583.5K
Cap Rate 9%
$453,800
$453.8K
Market Conditions
NOI Build-Up for 4,538 SF
Gross rent
$68.1K $15.00/SF
− Vacancy
−$13.6K −$3.00/SF
EGI
$54.5K $12.00/SF
− OpEx
−$13.6K −$3.00/SF
NOI
$40.8K $9.00/SF
Area
Tioga County, PA
Vacancy
20.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$816,840
Cap Rate 7%
$583,457
Cap Rate 9%
$453,800
Alternative Uses
Best Use
Office B
$583.5K
$510.5K – $680.7K
NOI $40,842 @ 7.0% cap · market cap 4.54%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$773.0K
$676.4K – $901.9K
NOI $54,112 @ 7.0% cap · market cap 6.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
648
Businesses Nearby
Explore this area
Business Placement
Demographics for 16901, PA
10,561
Population
5,360
Households
2
Avg Household Size
47
Median Age
28%
College-Educated
93%
High-School Grad
230.4 sq mi
ZIP Area
46
Density / Sq Mi
$66,003
Median Household Income
$40,723
Median Earnings
$863
Median Rent
$210,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Office building - Corner property offers open workspace, multiple offices, conference rooms, reception, kitchen, and paved parking.
Where is this office building located?
The property is located at 1 Charles Street Wellsboro, PA.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: Office building at 1 Charles Street, Wellsboro, PA 16901; Built in 1981; Open central workspace with 10 offices and conference rooms
