Single-Story Retail/Office
For Sale
$165,000
2 Riverside Plaza, Blossburg, PA 16912
Single-level commercial unit in Riverside Plaza with private restroom, natural gas heat, and central air conditioning.
Property Size2,500 SF
Price / SF$66
Days on Market23
Property Features for 2 Riverside Plaza
General Information
Standard status
Active
Size
2,500 SF
Amenities
private restroom
Building Details
Year Built
1975
Stories
1
Listing Agency:
RE/MAX 1st Advantage
(717) 591-5555
Listed By:
Robert J. Hoobler · License #AB065450
Source:
Kandorre
Added: Jul 21
Changed: Jul 22
Last Checked: Aug 11 at 10:16AM
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 RE/MAX 1st Advantage
Investment Insights
Based on property information with market context.
This single-level storefront/office suite is approximately 2,500 square feet and is laid out for everyday customer and staff use. The space includes a private restroom and is equipped with natural gas heating and central air conditioning for year-round comfort.
The unit is located within Riverside Plaza in Blossburg, benefiting from an established shopping center environment and convenient customer access with parking. The property is described as having strong local presence and visibility within Tioga County, and it was formerly occupied by Blossburg Pharmacy.
The flexible floor plan is intended to support a range of commercial uses, including retail, office, medical, and service-oriented operations, depending on an occupant’s needs.
The unit is located within Riverside Plaza in Blossburg, benefiting from an established shopping center environment and convenient customer access with parking. The property is described as having strong local presence and visibility within Tioga County, and it was formerly occupied by Blossburg Pharmacy.
The flexible floor plan is intended to support a range of commercial uses, including retail, office, medical, and service-oriented operations, depending on an occupant’s needs.
Key Highlights
- Approximately 2,500 SF single‑level retail/commercial space in Riverside Plaza, Blossburg
- Previously Blossburg Pharmacy; flexible layout suited for retail, office, medical, or service uses
- Private restroom and customer‑accessible single‑story design for day‑to‑day operations
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
$12,944
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
7.84%
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%
$258,880
$258.9K
Cap Rate 7%
$184,914
$184.9K
Cap Rate 9%
$143,822
$143.8K
Market Conditions
NOI Build-Up for 2,500 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
$20.1K $8.04/SF
− Vacancy
−$1.6K −$0.64/SF
EGI
$18.5K $7.40/SF
− OpEx
−$5.5K −$2.22/SF
NOI
$12.9K $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 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%
$258,880
Cap Rate 7%
$184,914
Cap Rate 9%
$143,822
Alternative Uses
Best Use
Healthcare Medical
$425.9K
$372.6K – $496.9K
NOI $29,811 @ 7.0% cap · market cap 18.07%
Second Best
Office B
$321.4K
$281.3K – $375.0K
NOI $22,500 @ 7.0% cap · market cap 13.64%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
142
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 16912, PA
2,060
Population
1,075
Households
1.9
Avg Household Size
39
Median Age
23%
College-Educated
91%
High-School Grad
22.2 sq mi
ZIP Area
93
Density / Sq Mi
$67,768
Median Household Income
$38,500
Median Earnings
$990
Median Rent
$135,800
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Single-level commercial unit in Riverside Plaza with private restroom, natural gas heat, and central air conditioning.
Where is this storefront property located?
The property is located at 2 Riverside Plaza Blossburg, PA.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: Approximately 2,500 SF single‑level retail/commercial space in Riverside Plaza, Blossburg; Previously Blossburg Pharmacy; flexible layout suited for retail, office, medical, or service uses; Private restroom and customer‑accessible single‑story design for day‑to‑day operations
