Historic Mixed-Use
245 Main Street Blossburg, PA 16912
245 Main Street, Blossburg, PA, 16912
$295,000
For Sale
$295,000
COMMERCIAL - Blossburg, PA
Property Size4,760 SF
Lot Size0.17 Acres
Price / SF$61.97
Days on Market142
Property Features for 245 Main Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 4
- Rooms
- Bathroom 2, Bathroom 4, Bathroom 3, Bathroom 1
- Standard status
- Active
- Size
- 4,760 SF
- Lot size
- 0.17 Acres
Building Details
- Year built
- 1915
Listing agency
Cowanesque Lake Realty LLC
(570) 944-0101
Listed by
Scott Faust
(570) 404-2920
Added: Mar 2 Updated: Jul 12 at 1:32AM Checked: Jul 22 at 3:06PM
MLS# 31725944
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 historic mixed-use building includes three active leases and offers flexible space for office, retail, or other mixed-use uses. The property has been maintained with recent improvements such as fresh paint, front windows that were scraped and recaulked, and a professionally seal-coated roof. Interior highlights include historic features referenced in the listing, including a 1915 photo of the original teller stations and original plaster eagles mounted high on the walls.
The upstairs has been fully renovated and is described as a studio apartment, which may support owner occupancy or additional rental income. The building is located at 245 Main Street in Blossburg, Pennsylvania, in Tioga County.
With its existing leased income and updated building components, this property is presented as a long-standing landmark opportunity suited for buyers looking for a mixed-use configuration.
The upstairs has been fully renovated and is described as a studio apartment, which may support owner occupancy or additional rental income. The building is located at 245 Main Street in Blossburg, Pennsylvania, in Tioga County.
With its existing leased income and updated building components, this property is presented as a long-standing landmark opportunity suited for buyers looking for a mixed-use configuration.
Key Highlights
- 1915 historic landmark building in Tioga County, originally a neighborhood bank, later used as borough offices and a health clinic
- 3 active leases in place, providing immediate income
- Professionally seal‑coated roof and fresh paint, plus front windows scraped and recaulked
Local Financial Insights For 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 | $38.3k | $8.04 |
| − Vacancy | −$3.1k | −$0.64 |
| EGI | $35.2k | $7.40 |
| − OpEx | −$10.6k | −$2.22 |
| NOI | $24.6k | $5.18 |
4,760 SF · lease $8.04/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Mixed Use
$688.5K
$602.4K – $803.3K
NOI $48,195 @ 7.0% cap · market cap 16.34%
Second Best
Office B
$612.0K
$535.5K – $714.0K
NOI $42,840 @ 7.0% cap · market cap 14.52%
Theoretical Best
Healthcare Medical
$810.9K
$709.5K – $946.0K
NOI $56,760 @ 7.0% cap · market cap 19.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Historic mixed-use building with three active leases, recently updated exterior elements, and a renovated upstairs studio apartment.
Where is this mixed-use property located?
The property is located at 245 Main Street Blossburg, PA.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: 1915 historic landmark building in Tioga County, originally a neighborhood bank, later used as borough offices and a health clinic; 3 active leases in place, providing immediate income; Professionally seal‑coated roof and fresh paint, plus front windows scraped and recaulked
