Retail Building with
24 E Avenue Wellsboro, PA 16901
24 E Avenue, Wellsboro, PA, 16901
$1,795,000
Pending
For Sale
$1,795,000
Pending
COMMERCIAL - Wellsboro, PA
Property Size13,813 SF
Lot Size1.37 Acres
Days on Market298
Property Features for 24 E Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1
- Standard status
- Pending
- Size
- 13,813 SF
- Lot size
- 1.37 Acres
Building Details
- Year built
- 2003
Listing Agency
Fish Real Estate
(570) 326-1561
PA
Listed by
Brent Fish · License #RM420632
(570) 326-1561
Added: Sep 22, 2025 Checked: Jul 16 at 3:06 pm
MLS# 31727140
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 13,813 SF retail building, built in 2003, is available for lease or sale. The property features a brick exterior, a drive-through, an overhead delivery door, and ample parking. It is situated on a 1.37-acre corner lot.
The site was formerly occupied by Rite Aid and is located in historic Wellsboro, Pennsylvania. The configuration and drive-through design support a range of retail uses.
Interested parties should contact the listing team for additional information on the property and available terms.
The site was formerly occupied by Rite Aid and is located in historic Wellsboro, Pennsylvania. The configuration and drive-through design support a range of retail uses.
Interested parties should contact the listing team for additional information on the property and available terms.
Key Highlights
- 13,813 SF retail building built in 2003
- On a 1.37‑acre corner lot in historic Wellsboro, PA
- Drive‑through with an overhead delivery door
Local Financial Insights For Specialty Retail
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 | $169.1k | $12.24 |
| − Vacancy | −$17.8k | −$1.29 |
| EGI | $151.3k | $10.95 |
| − OpEx | −$37.8k | −$2.74 |
| NOI | $113.5k | $8.22 |
13,813 SF · lease $12.24/SF/yr · vacancy 10.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.62M
$1.42M – $1.89M
NOI $113,489 @ 7.0% cap · market cap 6.32%
Second Best
Retail
$1.02M
$894.0K – $1.19M
NOI $71,520 @ 7.0% cap · market cap 3.98%
Theoretical Best
Healthcare Medical
$2.35M
$2.06M – $2.75M
NOI $164,710 @ 7.0% cap · market cap 9.18%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Built in 2003, this corner retail building includes a drive-through, overhead delivery door, and ample parking.
Where is this retail space located?
The property is located at 24 E Avenue Wellsboro, PA.
What is the asking price?
The asking price for this property is $1,795,000.
What are key features of this property?
This property features: 13,813 SF retail building built in 2003; On a 1.37‑acre corner lot in historic Wellsboro, PA; Drive‑through with an overhead delivery door
