Building Details

Year built 1975

Number of units 1

Building materials Block

Listing Agency: RE/MAX 1st Advantage · RE/MAX International g***@hotmail.com Show Phone

Listed By: Robert J. Hoobler · License #AB065450 Show Phone

Added: May 12 Changed: Jun 9 Last Checked: Aug 11 at 8:06PM

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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.

A single-level retail/commercial suite located within Riverside Plaza. The space is laid out in an open, functional format and includes a private restroom. Tenant comfort is supported by natural gas heating and central air conditioning, making the suite suitable for year-round operations. The unit’s flexible floor plan accommodates a range of uses, including retail, office, medical, and service-oriented concepts.

The property is located at 2 Riverside Plaza in Blossburg, PA 16912, in Tioga County. As part of an established shopping center environment, it is positioned for convenient customer access and includes convenient customer parking and signage potential within the center.

This suite fits tenants seeking a storefront setting with practical day-to-day functionality: one-level access for customers, HVAC for climate control, and a dedicated restroom. With its prior use as Blossburg Pharmacy and its flexible layout, the space is well-aligned for medical offices, professional services, boutique retail, convenience retail, wellness users, or general commercial occupancy, depending on the tenant’s needs.

Key Highlights

• Excellent visibility and accessibility within the well‑known Riverside Plaza.
• Versatile 2,500 SF single‑level space suitable for retail, office, medical, or service‑oriented businesses.
• Located in an established shopping center with strong community recognition and existing traffic patterns.

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

Retail

$184.9K

$161.8K – $215.7K (±1% cap)

NOI $12,944 @ 7.0% cap · market cap 7.84%

Second Best

—

—

no second resolved use

Theoretical Best

Healthcare Medical

$425.9K

$372.6K – $496.9K (±1% cap)

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

Retail space

Suggested Use

Top Pick HVAC Service (Bike/Boat/Book/etc) Store Furniture & Home Goods Big Box & Wholesale Store Barber Shop Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

142

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

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Questions? Ask Rey

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What type of property is this? Where is this retail space located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Retail space - Single-level commercial suite with private restroom, natural gas heat, and central air within Riverside Plaza in Blossburg.

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 $165,000.

What are key features of this property?

This property features: Excellent visibility and accessibility within the well‑known Riverside Plaza.; Versatile 2,500 SF single‑level space suitable for retail, office, medical, or service‑oriented businesses.; Located in an established shopping center with strong community recognition and existing traffic patterns.