Add Listing
    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

    48 Leisure Dr and Rt 6 Towanda, PA 18848

    View on Map
    Claim this Listing
    For Sale
    $499,000

    Commercial Sale - Towanda, PA

    Lot size:
    1.08 Acres
    Added:
    Feb 28, 2024
    Days on Market:
    774
    Last Refresh:
    Apr 12 at 9:06 pm

    Property Features for 48 Leisure Dr and Rt 6

    General Information

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

    Building Details

    Building materials
    Other
    Architectural style
    Other

    We can help!

    Listing Contact
    Thomas Calaman
    Thomas Calaman

    Listing agent Thomas Calaman

    Listing office JoAnne Kizer Real Estate 1690 Golden Mile Road, Towanda, PA

    Listing date Feb 28, 2024

    MLS# 31717962 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.

    Overview

    Approved Land for Commercial Building

    This 1.08-acre commercial land offers an opportunity for development. It has already received full Land Development approval for an approximately 3300 sq ft building, with approved and stamped engineering plans available to the buyers. The site has been rough graded, and a detention pond has been established. While the initial approval was for a restaurant, the zoning allows for modifications to accommodate other approved uses within the commercial zone. Located as the first property entering from Towanda, it is suitable for a restaurant, coffee shop, professional office, clinic, or other retail businesses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Towanda
    County
    Bradford
    State
    Pennsylvania
    Longitude
    -76.4339417
    Latitude
    41.7623267

    Nearby Similar for Sale

    • $45,000

      Established Nail Salon Business Opportunity

      Turnkey nail salon with established clientele in Colonial Plaza.
      387 York Ave, Towanda, PA 18848
      View Details
    • $299,900

      Turnkey Medical Office in Towanda

      Ready-to-go medical office with functional layout and great visibility.
      204 York Avenue, Towanda, PA 18848
      View Details
    • $49,000

      Towanda Multi-Family Investment Opportunity

      Two-unit multi-family property in Towanda, Pennsylvania, needing renovation.
      30 Elm St, Towanda, PA 18848
      View Details
    • $399,000

      Towanda Commercial Land For Sale

      Commercial land in high-traffic area, ideal for business development.
      212 Reuter Blvd, Towanda, PA 18848
      View Details
    • $35,000

      Towanda Land with Hillside Views

      1.64 acre lot with utilities near Towanda, PA.
      855 Hemlock Hills Rd (lot 34), Towanda, PA 18848
      View Details
    • $399,000

      Prime Commercial Land on Golden Mile

      High-visibility commercial land with strong frontage on US Route 6.
      319 Golden Mile Rd, US Route 6, Towanda, PA 18848
      View Details
    • $35,000

      Buildable Land in Hemlock Hills

      2.44 acres of buildable land with available utilities.
      Lot 33 Hemlock Hills Rd, Towanda, PA 18848
      View Details
    • $139,999

      Towanda Multi-Family Investment Opportunity

      Three-unit building with long-term tenants and separate utilities.
      508 Second St., Towanda, PA 18848
      View Details
    • $395,000

      Furnished Multi-Family Property with Garage

      Four apartments, office, and large garage with potential for expansion.
      34 Pratt Ave, Towanda, PA 18848
      View Details
    • $58,521

      Hemlock Hills Vacant Lot

      1.1 acre vacant lot with utilities in Hemlock Hills.
      Lot 44A Hemlock Hills Rd, Towanda, PA 18848
      View Details
    • $68,521

      Vacant Lot in Hemlock Hills

      1.4 acre lot with utilities in Hemlock Hills Subdivision.
      Lot 49A Hemlock Hills Rd, Towanda, PA 18848
      View Details
    • $58,521

      Vacant Lot in Hemlock Hills

      3.1 acre vacant lot with utilities in Hemlock Hills.
      Lot 1A Hemlock Hills Rd, Towanda, PA 18848
      View Details

    FAQs

    What type of property is this?
    Commercial land - Approved land for building, ideal for restaurant or retail.
    Where is this commercial land located?
    The property is located at 48 Leisure Dr and Rt 6 Towanda, PA.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: Full Land Development Approval: Property has already received full land development approval for an approximately 3300 sq ft building.; Approved Engineering Plans Included: All approved and stamped engineering plans for the site will be provided to the buyer.; Site Work Completed: The site has been rough graded and the detention pond has been established.
    (570) 529-0649
    We can help!
    Listing Contact
    Thomas Calaman
    Thomas Calaman
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!