Six-Unit Mixed-Use
For Sale
$569,000
17 Crafton Street, Wellsboro, PA 16901
Three occupied apartments sit above three retail storefronts, with annual leases in place throughout the property.
Property Size7,344 SF
Price / SF$77.48
Days on Market212
Property Features for 17 Crafton Street
General Information
Standard status
Active
Size
7,344 SF
Property subtype
Commercial
Occupancy
100%
Units
Unit Mix
3 x 2BR
Multifamily Units
3
Additional Details
Mixed-Use Components
retail, residential
Tenant in Place
Yes
Amenities
large display windows
full dry basement
open covered porch
Building Details
Building Size
7,344 SF
Year Built
1901
Tenancy
Multi
Listing Agency:
Howard Hanna Professionals-Wellsboro
(570) 723-1600
Listed By:
Carolyn Straniere
(570) 439-9619
Source:
Cowanesquelakerealty
Added: Mar 27
Changed: Oct 23
Last Checked: Oct 23 at 5:15PM
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 Howard Hanna Professionals-Wellsboro
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Investment Insights
Based on property information with market context.
Built in 1901, this mixed-use building combines three ground-floor storefronts with three upstairs apartments. Each retail space measures 1,200 square feet and has large display windows. Interior access connects each storefront to its own full basement, described as dry and suitable for storage. The residential portion consists of three two-bedroom apartments with closet space and access to a shared covered porch.
All six spaces are rented under annual leases. The property is one block from Main Street in Wellsboro, Pennsylvania.
All six spaces are rented under annual leases. The property is one block from Main Street in Wellsboro, Pennsylvania.
Key Highlights
- Three 1,200‑square‑foot storefronts with large display windows
- Three two‑bedroom apartments above the retail spaces
- Each storefront has interior access to a full, dry basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,289
Cap Rate
8.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$925,780
$925.8K
Cap Rate 7%
$661,271
$661.3K
Cap Rate 9%
$514,322
$514.3K
Market Conditions
NOI Build-Up for 7,344 SF
Gross rent
$88.1K $12.00/SF
− Vacancy
−$4.0K −$0.54/SF
EGI
$84.2K $11.46/SF
− OpEx
−$37.9K −$5.16/SF
NOI
$46.3K $6.30/SF
Area
Tioga County, PA
Vacancy
4.50%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$925,780
Cap Rate 7%
$661,271
Cap Rate 9%
$514,322
Alternative Uses
Best Use
Mixed Use
$1.06M
$929.5K – $1.24M
NOI $74,358 @ 7.0% cap · market cap 13.07%
Second Best
Apartment 5plus
$661.3K
$578.6K – $771.5K
NOI $46,289 @ 7.0% cap · market cap 8.14%
Theoretical Best
Healthcare Medical
$1.25M
$1.09M – $1.46M
NOI $87,572 @ 7.0% cap · market cap 15.39%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
653
Businesses Nearby
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Business Placement
Demographics for 16901, PA
10,561
Population
5,360
Households
2
Avg Household Size
47
Median Age
28%
College-Educated
93%
High-School Grad
230.4 sq mi
ZIP Area
46
Density / Sq Mi
$66,003
Median Household Income
$40,723
Median Earnings
$863
Median Rent
$210,500
Median Home Value
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three occupied apartments sit above three retail storefronts, with annual leases in place throughout the property.
Where is this mixed-use property located?
The property is located at 17 Crafton Street Wellsboro, PA.
What is the asking price?
The asking price for this property is $569,000.
What are key features of this property?
This property features: Three 1,200‑square‑foot storefronts with large display windows; Three two‑bedroom apartments above the retail spaces; Each storefront has interior access to a full, dry basement
