Single-Level Retail
For Sale
$148,500
2 RIVERSIDE PLAZA, Blossburg, PA 16912
Commercial Sale, BLOSSBURG, PA
Property Size2,500 SF
Lot Size0.07 Acres
Price / SF$59.40
Days on Market133
Property Features for 2 RIVERSIDE PLAZA
General Information
Property type
Other
Property subtype
Retail
Parking
10
Parking features
Parking Lot
Elementary school district
SOUTHERN TIOGA
Middle school district
SOUTHERN TIOGA
High school district
SOUTHERN TIOGA
Special listing conditions
In Foreclosure
Standard status
Active
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
3086
Utilities
Heating system
Forced Air
Cooling system
Central Air
Amenities
private restroom
natural gas heating
central air conditioning
Building Details
Year built
1975
Number of units
1
Building materials
Block
Listing Agency:
RE/MAX 1st Advantage · RE/MAX International
(717) 591-5555
Listed By:
Robert J. Hoobler · License #AB065450
(717) 920-6400
Added: May 12
Changed: Sep 5
Last Checked: Sep 21 at 12:06AM
MLS# PATI2000360
Copyright © 2026 Bright 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 approximately 2,500-square-foot commercial unit occupies a single level within Riverside Plaza. The interior offers an open layout with a private restroom, natural gas forced-air heating, and central air conditioning. Block construction and a parking lot support practical day-to-day use, while the one-level configuration provides convenient access for customers and staff.
The property is located at 2 Riverside Plaza in Blossburg, Pennsylvania, within an established shopping center setting. The surrounding area includes residential neighborhoods and local businesses, with access to major local routes and nearby communities. Built in 1975, the property provides a straightforward storefront format for retail, office, medical, or service-oriented occupancy.
The property is located at 2 Riverside Plaza in Blossburg, Pennsylvania, within an established shopping center setting. The surrounding area includes residential neighborhoods and local businesses, with access to major local routes and nearby communities. Built in 1975, the property provides a straightforward storefront format for retail, office, medical, or service-oriented occupancy.
Key Highlights
- Approximately 2,500 SF of single‑level commercial space
- Located within Riverside Plaza at 2 Riverside Plaza, Blossburg, PA 16912
- Private restroom with natural gas forced‑air heating and central air conditioning
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
8.72%
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
Retail
$184.9K
$161.8K – $215.7K
NOI $12,944 @ 7.0% cap · market cap 8.72%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$425.9K
$372.6K – $496.9K
NOI $29,811 @ 7.0% cap · market cap 20.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
130
Businesses Nearby
10k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 83%
Home Improvements & Furnishings 17%
Kwik Fill
Shops & Services
4,846 visits/mo
0.2 miles
Dollar General
Shops & Services
3,303 visits/mo
0.1 miles
Bloss Hardware
Home Improvements & Furnishings
1,694 visits/mo
0.2 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail unit within Riverside Plaza with a private restroom, natural gas heating, and central air conditioning.
Where is this retail space located?
The property is located at 2 RIVERSIDE PLAZA Blossburg, PA.
What is the asking price?
The asking price for this property is $148,500.
What are key features of this property?
This property features: Approximately 2,500 SF of single‑level commercial space; Located within Riverside Plaza at 2 Riverside Plaza, Blossburg, PA 16912; Private restroom with natural gas forced‑air heating and central air conditioning
