Mixed-Use Building with
17 Crafton Street Wellsboro, PA 16901
17 Crafton Street, Wellsboro, PA, 16901
$569,000
For Sale
$569,000
COMMERCIAL - Wellsboro, PA
Property Size7,344 SF
Lot Size0.11 Acres
Price / SF$77.48
Days on Market119
Property Features for 17 Crafton Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 6
- Rooms
- Bathroom 4, Bathroom 6, Bathroom 2, Bathroom 5, Bathroom 3, Bathroom 1
- Standard status
- Active
- Size
- 7,344 SF
- Lot size
- 0.11 Acres
Building Details
- Year built
- 1901
Listing agency
Howard Hanna Professionals-Wellsboro
(570) 723-1600
Listed by
Carolyn Straniere
(570) 439-9619
Added: Mar 27 Updated: Jul 11 at 6:31AM Checked: Jul 23 at 5:06AM
MLS# 31727068
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 mixed-use building offers six total units, consisting of three storefront spaces on the first floor and three residential apartments upstairs. The storefronts include large display windows and indoor access to their own full, dry basements that can be used for additional storage. Upstairs, there are three 2-bedroom apartments with plenty of closet space, along with an open, covered porch for tenants.
The property is located in Wellsboro, just one block from Main Street. The current offering is presented as a fully leased investment with year-to-year lease tenants in place, with 24-hour notice requested for showings.
The mixed layout provides both retail frontage through the storefronts and separate residential living space above, supported by dedicated basement storage accessible from each retail unit.
The property is located in Wellsboro, just one block from Main Street. The current offering is presented as a fully leased investment with year-to-year lease tenants in place, with 24-hour notice requested for showings.
The mixed layout provides both retail frontage through the storefronts and separate residential living space above, supported by dedicated basement storage accessible from each retail unit.
Key Highlights
- Six‑unit investment property built in 1901 in Wellsboro
- Three storefronts with large display windows, each 1,200 SF
- Storefronts have indoor access to their own full, dry basement for storage
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $88.1k | $12.00 |
| − Vacancy | −$4.0k | −$0.54 |
| EGI | $84.2k | $11.46 |
| − OpEx | −$37.9k | −$5.16 |
| NOI | $46.3k | $6.30 |
7,344 SF · lease $12.00/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Mixed Use
$1.06M
$929.5K – $1.24M
NOI $74,358 @ 7.0% cap · market cap 13.07%
Second Best
Apartment 5plus
$661.3K
$578.6K – $771.5K
NOI $46,289 @ 7.0% cap · market cap 8.14%
Theoretical Best
Healthcare Medical
$1.25M
$1.09M – $1.46M
NOI $87,572 @ 7.0% cap · market cap 15.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Six-unit mixed-use building with three storefronts and three upstairs 2-bedroom apartments, all currently rented.
Where is this apartment building located?
The property is located at 17 Crafton Street Wellsboro, PA.
What is the asking price?
The asking price for this property is $569,000.
What are key features of this property?
This property features: Six‑unit investment property built in 1901 in Wellsboro; Three storefronts with large display windows, each 1,200 SF; Storefronts have indoor access to their own full, dry basement for storage
