Mixed-Use Property with Corner
For Sale
$269,000
1964 Shumway Hill Road, Wellsboro, PA 16901
Commercial Sale, Wellsboro, PA
Property Size1,976 SF
Lot Size0.86 Acres
Price / SF$136.13
Days on Market8
Property Features for 1964 Shumway Hill Road
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
2
Full bathrooms
1
Half bathrooms
1
Rooms
Bathroom 1, Bathroom 2
Elementary school district
Wellsboro Area
Middle school district
Wellsboro Area
High school district
Wellsboro Area
Subdivision
Tioga
Standard status
Active
Size
1,976 SF
Lot size
0.86 Acres
Building Details
Year built
1945
Listing Agency:
Cowanesque Lake Realty LLC
(570) 944-0101
Listed By:
Sara Saxbury · License #RS363155
(607) 368-1217
Added: Sep 30
Changed: Oct 3
Last Checked: Oct 7 at 7:06PM
MLS# 31728323
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.
Investment Insights
Based on property information with market context.
This mixed-use property includes a 1,976-square-foot building on 0.86 acres, with two parcels conveyed together. A relatively level yard occupies the rear portion of the site, adding outdoor area alongside the existing improvements.
The property fronts Route 6 and Shumway Hill Road at their intersection, with approximately 410 feet of road frontage. Route 6 is about 5.5 miles from US-15. Nearby businesses on Shumway Hill Road include a gas station, Weis Market, Highland Chocolates, and Curren Powersports.
The property fronts Route 6 and Shumway Hill Road at their intersection, with approximately 410 feet of road frontage. Route 6 is about 5.5 miles from US-15. Nearby businesses on Shumway Hill Road include a gas station, Weis Market, Highland Chocolates, and Curren Powersports.
Key Highlights
- 0.86‑acre site with a 1,976‑square‑foot building
- Approximately 410 feet of frontage at Route 6 and Shumway Hill Road
- Two parcels included in the sale
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,007
Cap Rate
7.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$400,140
$400.1K
Cap Rate 7%
$285,814
$285.8K
Cap Rate 9%
$222,300
$222.3K
Market Conditions
NOI Build-Up for 1,976 SF
Gross rent
$35.6K $18.00/SF
− Vacancy
−$3.6K −$1.80/SF
EGI
$32.0K $16.20/SF
− OpEx
−$12.0K −$6.07/SF
NOI
$20.0K $10.13/SF
Area
Tioga County, PA
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$400,140
Cap Rate 7%
$285,814
Cap Rate 9%
$222,300
Alternative Uses
Best Use
Mixed Use
$285.8K
$250.1K – $333.5K
NOI $20,007 @ 7.0% cap · market cap 7.44%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$336.6K
$294.5K – $392.7K
NOI $23,562 @ 7.0% cap · market cap 8.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
80
Businesses Nearby
Explore this area
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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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two parcels combine an existing building with outdoor yard area at a Route 6 intersection.
Where is this mixed-use property located?
The property is located at 1964 Shumway Hill Road Wellsboro, PA.
What is the asking price?
The asking price for this property is $269,000.
What are key features of this property?
This property features: 0.86‑acre site with a 1,976‑square‑foot building; Approximately 410 feet of frontage at Route 6 and Shumway Hill Road; Two parcels included in the sale
