Mixed-Use Building with
For Sale
$655,000
202 W 3RD Street, Mifflinville, PA 18631
Commercial, Mifflinville, PA
Property Size5,920 SF
Lot Size0.32 Acres
Price / SF$110.64
Days on Market144
Property Features for 202 W 3RD Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Comm mixed use
Bathrooms
7
Full bathrooms
7
Rooms
Bathroom 2, Bathroom 3, Bathroom 6, Bathroom 5, Bathroom 7, Bathroom 4, Bathroom 1
Elementary school district
Central
Middle school district
Central
High school district
Central
Directions
From Route 11, take I-80 W toward Bloomsburg. Take Exit 241 for PA-42 N toward Millville. Turn right onto PA-42 N and continue for approximately 7 miles into Millville. Continue through town, then turn left onto W 3rd St. Property will be on your left. Max's Ice Cream Shack
Subdivision
Mifflin Twp
Standard status
Active
APN
23-05A-037-00,000
Size
5,920 SF
Lot size
0.32 Acres
Taxes and HOA fees
Tax Annual Amount
5285
Building Details
Year built
1900
Listing Agency:
EXP Realty, LLC
(888) 397-7352
Listed By:
JANAE CALARCO · License #RS359472
(570) 441-4195
Added: Apr 13
Changed: Aug 30
Last Checked: Sep 3 at 12:06PM
MLS# C-928
Copyright © 2026 Central Susquehanna Valley Board of Realtors. 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 property at 202 W 3RD Street combines a street-level ice cream shop with four fully renovated rental units distributed throughout the building. The 5,920-square-foot property sits on 0.32 acres and was built in 1900. The retail area may also accommodate a coffee shop, boutique, deli, or another storefront concept.
Located in Mifflinville, Pennsylvania, the property has parking serving both the retail space and its occupants. Zoning is identified as Comm mixed use, supporting the building’s combination of commercial and residential components. The four rental units are currently occupied, while the ground-level commercial space provides an established storefront use.
Located in Mifflinville, Pennsylvania, the property has parking serving both the retail space and its occupants. Zoning is identified as Comm mixed use, supporting the building’s combination of commercial and residential components. The four rental units are currently occupied, while the ground-level commercial space provides an established storefront use.
Key Highlights
- 5,920 SF mixed‑use property on 0.32 acres
- Street‑level ice cream shop with storefront conversion potential
- Four fully renovated and occupied rental units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$31,702
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.84%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$634,040
$634.0K
Cap Rate 7%
$452,886
$452.9K
Cap Rate 9%
$352,244
$352.2K
Market Conditions
NOI Build-Up for 5,920 SF
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.
Gross rent
$53.3K $9.00/SF
− Vacancy
−$2.6K −$0.43/SF
EGI
$50.7K $8.57/SF
− OpEx
−$19.0K −$3.21/SF
NOI
$31.7K $5.35/SF
Area
Columbia County, PA
Vacancy
4.80%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$634,040
Cap Rate 7%
$452,886
Cap Rate 9%
$352,244
Alternative Uses
Best Use
Retail
$1.18M
$1.04M – $1.38M
NOI $82,847 @ 7.0% cap · market cap 12.65%
Second Best
Specialty Retail
$1.12M
$982.6K – $1.31M
NOI $78,605 @ 7.0% cap · market cap 12.00%
Theoretical Best
Office A
$1.98M
$1.74M – $2.32M
NOI $138,940 @ 7.0% cap · market cap 21.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
104
Businesses Nearby
Explore this area
Business Placement
Demographics for 18631, PA
1,122
Population
555
Households
2
Avg Household Size
46
Median Age
29%
College-Educated
98%
High-School Grad
1.4 sq mi
ZIP Area
801
Density / Sq Mi
$49,643
Median Household Income
$41,957
Median Earnings
$990
Median Rent
$214,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Street-level ice cream shop paired with four renovated, occupied rental units.
Where is this mixed-use property located?
The property is located at 202 W 3RD Street Mifflinville, PA.
What is the asking price?
The asking price for this property is $655,000.
What are key features of this property?
This property features: 5,920 SF mixed‑use property on 0.32 acres; Street‑level ice cream shop with storefront conversion potential; Four fully renovated and occupied rental units
