Building Details

Year built 1988

Listing Agency: Penn Oak Realty Mansfield Show Phone

Listed By: Richard Pino Show Phone

Added: Dec 1, 2025 Changed: Sep 6 Last Checked: Oct 5 at 12:06PM

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MLS# 31723629

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 1,562-square-foot restaurant property was built in 1988 and previously operated as a restaurant and bakery. The building has a well-maintained structural framework, while the interior requires updating. A partial unfinished basement adds supplemental space, and the parcel provides substantial room for parking.

More than 200 feet of frontage along South Main Street places the property near other retailers, restaurants, and businesses. The existing restaurant-oriented improvements offer a starting point for a refreshed food-service concept or another use consistent with the property’s commercial setting.

Key Highlights

• 1,562‑square‑foot restaurant property built in 1988
• Former restaurant and bakery with interior updating needed
• Partial unfinished basement

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$12,834

Cap Rate

6.42%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$256,680 $256.7K

Cap Rate 7%

$183,343 $183.3K

Cap Rate 9%

$142,600 $142.6K

Market Conditions

NOI Build-Up for 1,562 SF

Gross rent

$19.1K $12.24/SF

− Vacancy

−$2.0K −$1.29/SF

EGI

$17.1K $10.95/SF

− OpEx

−$4.3K −$2.74/SF

NOI

$12.8K $8.22/SF

Area

Tioga County, PA

Vacancy

10.50%

Lease Rate

$12.24 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$256,680

Cap Rate 7%

$183,343

Cap Rate 9%

$142,600

Alternative Uses

Best Use

Specialty Retail

$183.3K

$160.4K – $213.9K (±1% cap)

NOI $12,834 @ 7.0% cap · market cap 6.42%

Second Best

—

—

no second resolved use

Theoretical Best

Healthcare Medical

$266.1K

$232.8K – $310.4K (±1% cap)

NOI $18,626 @ 7.0% cap · market cap 9.32%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Conventional restaurants

Suggested Use

Top Pick Building Supply Electrical Service Auto Parts Store Locksmith Garden Center Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

99

Businesses Nearby

49k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 69% Shops & Services 31%

Wendy's Dining

17,762 visits/mo 0.5 miles

Dunkin' Donuts Dining

15,800 visits/mo 0.3 miles

Dollar Tree Shops & Services

10,884 visits/mo 0.4 miles

AutoZone Shops & Services

2,985 visits/mo 0.4 miles

The Tire Choice Shops & Services

1,113 visits/mo 0.3 miles

Demographics for 16933, PA

6,643

Population

3,131

Households

2.1

Avg Household Size

37

Median Age

32%

College-Educated

94%

High-School Grad

102.6 sq mi

ZIP Area

65

Density / Sq Mi

$60,707

Median Household Income

$27,697

Median Earnings

$783

Median Rent

$200,600

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Questions? Ask Rey

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What type of property is this? Where is this conventional restaurants located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - Former restaurant and bakery with parking, a partial basement, and a solid structure suited for renovation.

Where is this conventional restaurant located?

The property is located at 1080 S Main Lot 1 Mansfield, PA.

What is the asking price?

The asking price for this property is $199,900.

What are key features of this property?

This property features: 1,562‑square‑foot restaurant property built in 1988; Former restaurant and bakery with interior updating needed; Partial unfinished basement