Updated Main Street
For Sale
$144,900
107 W Main St, Elkland, PA 16920
Multi-room commercial interior along Main Street in Elkland.
Property Size1,782 SF
Price / SF$81.31
Days on Market83
Property Features for 107 W Main St
General Information
Standard status
Active
Size
1,782 SF
Listing Agency:
Mountain Valley Realty, Inc.
(570) 723-8484
Listed By:
Victoria Murphy
(570) 439-0821
Source:
Exprealty
Added: Aug 5
Changed: Oct 26
Last Checked: Oct 24 at 5:32PM
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 Mountain Valley Realty, Inc.
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Investment Insights
Based on property information with market context.
This storefront property at 107 W Main St offers an updated commercial interior arranged across multiple rooms. The configuration provides several distinct areas within the building for commercial occupancy and day-to-day use.
Situated on Main Street in Elkland, Pennsylvania, the property presents a storefront setting within the local commercial area. The interior improvements and room layout are the primary physical features identified for this offering.
Situated on Main Street in Elkland, Pennsylvania, the property presents a storefront setting within the local commercial area. The interior improvements and room layout are the primary physical features identified for this offering.
Key Highlights
- Updated commercial interior
- Multiple rooms within the building
- Main Street storefront setting
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,227
Cap Rate
6.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$184,540
$184.5K
Cap Rate 7%
$131,814
$131.8K
Cap Rate 9%
$102,522
$102.5K
Market Conditions
NOI Build-Up for 1,782 SF
Gross rent
$14.3K $8.04/SF
− Vacancy
−$1.1K −$0.64/SF
EGI
$13.2K $7.40/SF
− OpEx
−$4.0K −$2.22/SF
NOI
$9.2K $5.18/SF
Area
Tioga County, PA
Vacancy
8.00%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$184,540
Cap Rate 7%
$131,814
Cap Rate 9%
$102,522
Alternative Uses
Best Use
Retail
$131.8K
$115.3K – $153.8K
NOI $9,227 @ 7.0% cap · market cap 6.37%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$303.6K
$265.6K – $354.2K
NOI $21,249 @ 7.0% cap · market cap 14.66%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
129
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 16920, PA
1,977
Population
880
Households
2.2
Avg Household Size
42
Median Age
16%
College-Educated
96%
High-School Grad
9.5 sq mi
ZIP Area
208
Density / Sq Mi
$63,977
Median Household Income
$49,375
Median Earnings
$864
Median Rent
$136,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- The Rainbow Rose — 117 W Main St, Elkland, PA 16920
Frequently Asked Questions
What type of property is this?
Storefront property - Multi-room commercial interior along Main Street in Elkland.
Where is this storefront property located?
The property is located at 107 W Main St Elkland, PA.
What is the asking price?
The asking price for this property is $144,900.
What are key features of this property?
This property features: Updated commercial interior; Multiple rooms within the building; Main Street storefront setting
