Corner Building in Downtown
For Sale
$375,000
Pending
400 Centre Street, Pottsville, PA 17901
Highly visible corner building with retail storefront and leased space.
Property Size2,700 SF
Days on Market699
Property Features for 400 Centre Street
General Information
Standard status
Pending
Size
2,700 SF
Property subtype
Mixed Use
Taxes and HOA fees
Annual Taxes
$2,038
Amenities
Central Air
3
Wood
Flat
C-4
Parking. Corner Lot.
On Street.
City
Other, Downtown, Corner.
Building Details
Year Built
1900
Listing Agency:
BHHS Homesale Realty
(570) 385-3456
Listed By:
Eric Seitzinger · License #RS276999
(570) 617-1362
Source:
Xome
Added: Oct 5, 2024
Changed: Sep 2
Last Checked: Sep 2 at 2:39PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BHHS Homesale Realty
Investment Insights
Based on property information with market context.
This highly visible corner building is located on Centre Street in downtown Pottsville, at a traffic-controlled intersection. The property features front display windows, making it an attractive retail location. It is situated near a signalized pedestrian crossing at a traffic-controlled intersection. The first-floor storefront is available for sale. The second floor and rear garage area are currently under lease with a long-term tenant. The property size is 2700 square feet.
Key Highlights
- Highly visible corner building on busy Centre Street in downtown Pottsville.
- Located at a traffic controlled intersection with a signalized pedestrian crossing.
- Attractive retail location with lots of front display windows.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,630
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.97%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$372,600
$372.6K
Cap Rate 7%
$266,143
$266.1K
Cap Rate 9%
$207,000
$207.0K
Market Conditions
NOI Build-Up for 2,700 SF
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.
Gross rent
$32.4K $12.00/SF
− Vacancy
−$2.6K −$0.96/SF
EGI
$29.8K $11.04/SF
− OpEx
−$11.2K −$4.14/SF
NOI
$18.6K $6.90/SF
Area
Schuylkill County, PA
Vacancy
8.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$372,600
Cap Rate 7%
$266,143
Cap Rate 9%
$207,000
Alternative Uses
Best Use
Mixed Use
$266.1K
$232.9K – $310.5K
NOI $18,630 @ 7.0% cap · market cap 4.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$405.0K
$354.4K – $472.5K
NOI $28,350 @ 7.0% cap · market cap 7.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,095
Businesses Nearby
Explore this area
Business Placement
Demographics for 17901, PA
22,608
Population
11,067
Households
2
Avg Household Size
46
Median Age
23%
College-Educated
92%
High-School Grad
79.4 sq mi
ZIP Area
285
Density / Sq Mi
$61,632
Median Household Income
$40,942
Median Earnings
$819
Median Rent
$130,600
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Highly visible corner building with retail storefront and leased space.
Where is this mixed-use property located?
The property is located at 400 Centre Street Pottsville, PA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Highly visible corner building on busy Centre Street in downtown Pottsville.; Located at a traffic controlled intersection with a signalized pedestrian crossing.; Attractive retail location with lots of front display windows.
