Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    20470 Route 187 Towanda, PA 18848

    Sponsored
    For Sale
    $425,000

    Commercial Sale - Towanda, PA

    Lot size:
    14.00 Acres
    Days on Market:
    977
    Last Refresh:
    Jan 31 at 2:06 pm

    Property Features for 20470 Route 187

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Lot size
    14.00 Acres

    Building Details

    Building materials
    Other
    Architectural style
    Other

    We can help!

    Listing Contact
    Thomas Calaman
    Thomas Calaman

    JoAnne Kizer Real Estate (570) 268-7653

    Listing agent Thomas Calaman (570) 268-7653

    Listing date May 31, 2023

    MLS# 31624698 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Prime Commercial Land, Towanda PA

    This vacant, level property offers over 14 acres in Asylum Township, near Towanda, PA. The site is located along a channel of the Susquehanna River and features frontage on Route 187. Situated just 2 miles from Wysox, the property is positioned in an area identified as a developing commercial and industrial corridor within Bradford County. The location is suitable for commercial, industrial, or residential development. Seller to retain all OGM rights.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Wholesale Shop Auto Repair Shop Kitchen & Bath Bar & Pub Plumbing Service Catering Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Towanda
    County
    Bradford
    State
    Pennsylvania
    Longitude
    -76.377846508223
    Latitude
    41.747173887609

    Nearby Similar for Sale

    • $299,900
      0.17 Acres

      Turnkey Medical Office in Towanda

      Ready-to-go medical office with functional layout and great visibility.
      204 York Ave, Towanda, PA 18848
      View Details
    • $115,000
      Pending

      Spacious Duplex with Income Potential

      Oversized duplex in Towanda, PA with immediate income potential.
      203-205 Pine St, Towanda, PA 18848
      View Details
    • $524,500
      4.00 Acres

      Towanda Commercial Shop Space For Sale

      4-acre commercial shop space in Bradford County, Pennsylvania.
      31217 Route 6, Towanda, PA 18848
      View Details
    • $395,000
      0.34 Acres

      Furnished Multi-Family Property with Garage

      Four apartments, office, and large garage with potential for expansion.
      34 Pratt Ave, Towanda, PA 18848
      View Details
    • $99,900
      0.25 Acres

      Professional Office Space in Towanda

      Professional office space with waiting room, offices, and parking.
      12 Walnut St, Towanda, PA 18848
      View Details
    • $139,999
      0.25 Acres

      Towanda Multi-Family Investment Opportunity

      Three-unit building with long-term tenants and separate utilities.
      508 2Nd St, Towanda, PA 18848
      View Details
    • $148,000
      10.90 Acres

      Towanda Land with Income Potential

      Commercial auto shop with rented RV hookups near Hornbrook Park.
      1053 Hornbrook Rd, Towanda, PA 18848
      View Details
    • $135,000
      0.01 Acres

      Main Street Commercial Building For Sale

      Commercial building on Main Street in Towanda, Pennsylvania available for purchase.
      321 Main St, Towanda, PA 18848
      View Details
    • $499,900
      Pending

      Towanda Commercial Property For Sale

      Commercial lot with steel pole building under construction in Towanda.
      6 Leisure Dr, Towanda, PA 18848
      View Details
    • $550,000
      4,784 SF

      31217 Route 6 Towanda, PA 18848

      Distribution properties • 4,784 SF
      31217 Us-6, Towanda, PA 18848
      View Details

    FAQs

    What type of property is this?
    Land - 14+ acres of commercial/industrial land in booming Asylum Township.
    Where is this land located?
    The property is located at 20470 Route 187 Towanda, PA.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: - NO ZONING: Offers maximum flexibility for commercial, industrial, or residential development.; - 14+ Acres: Large property size suitable for various development projects.; - PRIME LOCATION: Situated in BOOMING Asylum Township, indicating high growth potential.
    (570) 529-0649
    Request Owner's contact information
    20470 Route 187 Towanda, PA 18848
    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.
    20470 Route 187
    Towanda, PA 18848
    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
    20470 Route 187 Towanda, PA 18848
    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

    We can help!
    Listing Contact
    Thomas Calaman
    Thomas Calaman
    (570) 529-0649
    Learn more
    Google sign-in failed. Please try again or use another login method.