Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Land with Highway Frontage Title is generated by Realmo AI

    Rt 187 & Lake rd, Towanda, PA 18848

    View on Map
    Claim this Listing
    For Sale
    $499,999

    COMMERCIAL - Towanda, PA

    Lot size:
    5.17 Acres
    Added:
    Aug 4, 2023
    Days on Market:
    1032
    Last Refresh:
    May 31 at 4:06 pm

    Property Features for Rt 187 & Lake rd

    General Information

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

    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 Aug 4, 2023

    MLS# 31717042

    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.

    HighLights

    • 5+ commercial acres
    • Rt 187 frontage
    • Visible from Rt 6
    • All utilities available at street or property
    • Electric substation adjoins property
    • Located at [-76.398056,41.81062]

    Overview

    This commercial property features 5.17 acres of land with frontage on Route 187 and visibility from Route 6. All utilities are available at the street or on the property. An electrical substation adjoins the site, presenting a great opportunity for development in Towanda, Pennsylvania.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Towanda
    County
    Bradford
    State
    Pennsylvania
    Longitude
    -76.4753
    Latitude
    41.7462

    Nearby Similar for Sale

    • $1,100,000
      10,770 SF

      Remodeled Industrial Building on 3.72 Acres

      Modern industrial building with flexible layout and expansion potential.
      67 Campbell Rd, Towanda, PA 18848
      View Details
    • $299,900
      2,016 SF

      Turnkey Medical Office in Towanda

      Ready-to-operate medical office with functional layout and prime location.
      204 York Avenue, Towanda, PA 18848
      View Details
    • $399,000
      1,920 SF

      Commercial Land in High-Traffic Area

      Commercial land with high visibility and traffic for sale.
      212 Reuter Blvd, Towanda, PA 18848
      View Details
    • $800,000
      4,776 SF

      Versatile Commercial Property on Golden Mile

      9.89 acres with retail building and residential home.
      1342/84 Golden Mile Rd/ Budd Ln, Towanda, PA 18848
      View Details
    • $40,000
      800 SF

      Turnkey Nail Salon Business Opportunity

      Established nail salon business for sale in Towanda, Pennsylvania.
      387 York Ave, Towanda, PA 18848
      View Details
    • $139,999

      Three-Unit Multifamily Investment Opportunity

      Three-unit multifamily building with long-term tenants and separate utilities.
      508 Second St., Towanda, PA 18848
      View Details
    • $524,500
      4,784 SF

      Durable Commercial Shop Space

      4784 SF shop near Route 6 in Towanda, PA.
      31217 Route 6, Towanda, PA 18848
      View Details
    • $135,000
      1,200 SF

      Main Street Commercial Building

      Commercial building on Main Street in Towanda, Pennsylvania.
      321 Main Street, Towanda, PA 18848
      View Details
    • $395,000

      Multifamily Property with Development Potential

      Four apartments, office, and garage with potential for expansion.
      34 Pratt Ave, Towanda, PA 18848
      View Details
    • $49,000

      Two-Unit Multi-Family Investment Opportunity

      Two-unit multi-family property in Towanda, PA, needing renovation.
      30 Elm St, Towanda, PA 18848
      View Details
    • $500,000

      Prime Commercial Land, Towanda, PA

      8.42 acres with high visibility near Routes 6 and 220.
      Rt 6 & Dairylea Rd, Towanda, PA 18848
      View Details
    • $499,000
      3,300 SF

      Commercial Land with Approved Plans

      Land with approved plans for immediate commercial development.
      48 Leisure Dr (and Rt 6), Towanda, PA 18848
      View Details

    FAQs

    What type of property is this?
    Commercial land - 5+ acres of commercial land with utilities available.
    Where is this commercial land located?
    The property is located at Rt 187 & Lake rd Towanda, PA.
    What is the asking price?
    The asking price for this property is $499,999.
    What are key features of this property?
    This property features: 5+ commercial acres; Rt 187 frontage; Visible from Rt 6
    (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

    Thank You for Inquiry
    Rt 187 & Lake rd, Towanda, PA 18848
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!