Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Victorian Home with Apartment, Garage Title is generated by Realmo AI

    130 S Main St, Mansfield, PA 16933

    View on Map
    Claim this Listing
    For Sale
    Under Contract
    $449,000

    COMMERCIAL - Mansfield, PA

    Property size:
    6,682 SF
    Lot size:
    0.92 Acres
    Price / SF:
    $67/SF
    Added:
    Feb 18, 2026
    Days on Market:
    97
    Last Refresh:
    May 26 at 5:06 pm

    Property Features for 130 S Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2
    Standard status
    Active Under Contract
    Size
    6,682 SF
    Lot size
    0.92 Acres

    Taxes and HOA fees

    Tax Description
    Detached garage- 2068 sq. ft. Utility Building - 180 sq ft.

    Building Details

    Year built
    1900

    We can help!

    Listing Contact
    Mark Spencer

    Listing agent Mark Spencer

    Listing office Penn Oak Realty 65 Main St., Wellsboro, PA

    Listing date Feb 18, 2026

    MLS# 31725917

    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.

    HighLights

    • Prime location in downtown Mansfield, close to retailers, Mansfield University, Route 15 and Route 6.
    • Large gathering room with capacity for 90+ people.
    • Includes a separate three‑bedroom upstairs apartment.
    • Handicapped accessible downstairs area.
    • Detached 4‑bay garage with electric, gas, and water connections.
    • Large paved parking area for 50+ vehicles.

    Overview

    This property, located in downtown Mansfield, presents a unique opportunity. It features a grand Victorian home that has been operated as a funeral parlor for many years. The property also includes a separate three-bedroom upstairs apartment. Paved parking is available for 50+ vehicles. A detached four-bay garage is present, with electric, gas, and water connections already in place, allowing for future expansion. The downstairs area is fully handicapped accessible and retains its Victorian charm. A large gathering room can comfortably accommodate 90+ people. The property is close to several major retailers, Mansfield University, and the Route 15 and Route 6 corridors. The building has 6682 square feet of space and sits on a 0.92-acre lot. Much of the furniture and fixtures, including a grand piano and an organ, can be negotiated as a part of the sale. The property is intended for commercial use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Wedding venues

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mansfield
    County
    Tioga
    State
    Pennsylvania
    Longitude
    -77.0774243
    Latitude
    41.8034469

    Nearby Similar for Sale

    • $199,900
      1,562 SF

      Former Restaurant and Bakery

      Former restaurant/bakery on 1.512 acres with road frontage.
      1080 S Main Lot 1, Mansfield, PA 16933
      View Details
    • $825,000
      17,364 SF

      Versatile Commercial Property, Mansfield, PA

      High-traffic commercial property with endless possibilities in Mansfield, PA.
      56 N Bullock Road, Mansfield, PA 16933
      View Details
    • $1,100,000
      17,364 SF

      Versatile Commercial Property, Mansfield, PA

      High-visibility commercial property with endless possibilities in Mansfield, PA.
      56 N Bullock Road, Mansfield, PA 16933
      View Details
    • $199,900

      Classic Duplex in College Town

      Two-unit rental property in the heart of Mansfield, Pennsylvania.
      44 E Elmira, Mansfield, PA 16933
      View Details
    • $439,999
      4,224 SF

      Brewery & Restaurant Opportunity

      Established brewery and restaurant in downtown Mansfield, Pennsylvania for sale.
      19 N Main Street, Mansfield, PA 16933
      View Details
    • $6,500,000
      74,850 SF

      Spacious Industrial Building with Cranes

      Large industrial building with cranes and ample office space.
      2503 S Main St, Mansfield, PA 16933
      View Details

    FAQs

    What type of property is this?
    Wedding venue - Unique commercial property with apartment, garage, and parking.
    Where is this wedding venue located?
    The property is located at 130 S Main St Mansfield, PA.
    What is the asking price?
    The asking price for this property is $449,000.
    What are key features of this property?
    This property features: Prime location in downtown Mansfield, close to retailers, Mansfield University, Route 15 and Route 6.; Large gathering room with capacity for 90+ people.; Includes a separate three‑bedroom upstairs apartment.
    (570) 916-5408
    We can help!
    Listing Contact
    Mark Spencer
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    130 S Main St, Mansfield, PA 16933
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!