Single-Level Retail
For Sale
$165,000
2 Riverside, Blossburg, PA 99999
COMMERCIAL - Blossburg, PA
Property Size2,500 SF
Lot Size0.07 Acres
Price / SF$66
Days on Market92
Property Features for 2 Riverside
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
1
Half bathrooms
1
Rooms
Bathroom 1
Elementary school district
Southern Tioga
Middle school district
Southern Tioga
High school district
Southern Tioga
Subdivision
Tioga
Standard status
Active
Size
2,500 SF
Lot size
0.07 Acres
Amenities
private restroom
natural gas heating
central air conditioning
Building Details
Year built
1975
Listing Agency:
Remax 1st Advantage
(717) 591-5555
Listed By:
Robert Hoobler · License #AB065450
(717) 920-6400
Added: May 12
Changed: Aug 4
Last Checked: Aug 11 at 11:06PM
MLS# 31727373
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 single-level storefront provides approximately 2,500 square feet within Riverside Plaza, an established shopping-center setting in Blossburg. The open layout includes a private restroom, natural gas heating, and central air conditioning. Built in 1975, the space was formerly occupied by Blossburg Pharmacy.
The property is positioned near major local routes and is surrounded by residential neighborhoods and area businesses. Its one-floor configuration supports straightforward customer access and practical interior organization for retail, office, medical, or service-oriented operations.
The property is positioned near major local routes and is surrounded by residential neighborhoods and area businesses. Its one-floor configuration supports straightforward customer access and practical interior organization for retail, office, medical, or service-oriented operations.
Key Highlights
- Approximately 2,500 square feet of single‑level commercial space
- Located within Riverside Plaza, an established shopping‑center environment
- Open layout with private restroom
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
Office B
$321.4K
$281.3K – $375.0K
NOI $22,500 @ 7.0% cap · market cap 13.64%
Second Best
Retail
$184.9K
$161.8K – $215.7K
NOI $12,944 @ 7.0% cap · market cap 7.84%
Theoretical Best
Healthcare Medical
$425.9K
$372.6K – $496.9K
NOI $29,811 @ 7.0% cap · market cap 18.07%
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
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - Established shopping-center space with open layout, private restroom, natural gas heat, and central air conditioning.
Where is this storefront property located?
The property is located at 2 Riverside 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 square feet of single‑level commercial space; Located within Riverside Plaza, an established shopping‑center environment; Open layout with private restroom
