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Mixed-Use Building with Retail
For Sale
Under Contract
$655,000

202 W 3RD Street, Mifflinville, PA 18631

Commercial, Mifflinville, PA

Property Size5,920 SF
Lot Size0.32 Acres
Price / SF$110.64
Days on Market180

Property Features for 202 W 3RD Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning Comm mixed use
Bathrooms 7
Full bathrooms 7
Rooms Bathroom 5, Bathroom 2, Bathroom 6, Bathroom 4, Bathroom 1, Bathroom 3, Bathroom 7
Elementary school district Central
Middle school district Central
High school district Central
Directions From Route 11, take I-80 W toward Bloomsburg. Take Exit 241 for PA-42 N toward Millville. Turn right onto PA-42 N and continue for approximately 7 miles into Millville. Continue through town, then turn left onto W 3rd St. Property will be on your left. Max's Ice Cream Shack
Subdivision Mifflin Twp
Standard status Active Under Contract
APN 23-05A-037-00,000
Size 5,920 SF
Lot size 0.32 Acres

Taxes and HOA fees

Tax Annual Amount 5285

Building Details

Year built 1900
Listing Agency: EXP Realty, LLC
Listed By: JANAE CALARCO · License #RS359472
Added: Apr 13 Changed: Sep 16 Last Checked: Oct 9 at 9:06AM
MLS# C-928

Copyright © 2026 Central Susquehanna Valley Board of Realtors. 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 at 202 W 3RD Street combines a street-level ice cream shop with four fully renovated rental units distributed throughout the building. The 5,920-square-foot property sits on 0.32 acres and was built in 1900. The retail area may also accommodate a coffee shop, boutique, deli, or another storefront concept.

Located in Mifflinville, Pennsylvania, the property has parking serving both the retail space and its occupants. Zoning is identified as Comm mixed use, supporting the building’s combination of commercial and residential components. The four rental units are currently occupied, while the ground-level commercial space provides an established storefront use.

Key Highlights

  • 5,920 SF mixed‑use property on 0.32 acres
  • Street‑level ice cream shop with storefront conversion potential
  • Four fully renovated and occupied rental units

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$31,702
Cap Rate
4.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$634,040 $634.0K
Cap Rate 7%
$452,886 $452.9K
Cap Rate 9%
$352,244 $352.2K
Market Conditions
NOI Build-Up for 5,920 SF
Gross rent
$53.3K $9.00/SF
− Vacancy
−$2.6K −$0.43/SF
EGI
$50.7K $8.57/SF
− OpEx
−$19.0K −$3.21/SF
NOI
$31.7K $5.35/SF
Area
Columbia County, PA
Vacancy
4.80%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$634,040
Cap Rate 7%
$452,886
Cap Rate 9%
$352,244

Alternative Uses

Best Use
Retail
$1.18M
$1.04M – $1.38M (±1% cap)
NOI $82,847 @ 7.0% cap · market cap 12.65%
Second Best
Specialty Retail
$1.12M
$982.6K – $1.31M (±1% cap)
NOI $78,605 @ 7.0% cap · market cap 12.00%
Theoretical Best
Office A
$1.98M
$1.74M – $2.32M (±1% cap)
NOI $138,940 @ 7.0% cap · market cap 21.21%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Max's Ice Cream ... Grocery & Convenience Store

Suggested Use

Top Pick Parking Lot & Garage Furniture & Home Goods Storage Facility Dental Office (Bike/Boat/Book/etc) Store Cafe & Coffee Shop

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

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

104
Businesses Nearby

Demographics for 18631, PA

1,122
Population
555
Households
2
Avg Household Size
46
Median Age
29%
College-Educated
98%
High-School Grad
1.4 sq mi
ZIP Area
801
Density / Sq Mi
$49,643
Median Household Income
$41,957
Median Earnings
$990
Median Rent
$214,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Street-level ice cream shop paired with four renovated, occupied rental units.
Where is this mixed-use property located?
The property is located at 202 W 3RD Street Mifflinville, PA.
What is the asking price?
The asking price for this property is $655,000.
What are key features of this property?
This property features: 5,920 SF mixed‑use property on 0.32 acres; Street‑level ice cream shop with storefront conversion potential; Four fully renovated and occupied rental units
More about this property
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