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    Retail Building in Historic Wellsboro Title is generated by Realmo AI

    24 E Avenue, Wellsboro, PA 16901

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    Claim this Listing
    Pending
    $1,795,000

    COMMERCIAL - Wellsboro, PA

    Property size:
    13,813 SF
    Lot size:
    1.37 Acres
    Added:
    Sep 22, 2025
    Days on Market:
    291
    Last Refresh:
    Jul 9 at 6:06 am

    Property Features for 24 E Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2
    Standard status
    Pending
    Size
    13,813 SF
    Lot size
    1.37 Acres

    Building Details

    Year built
    2003

    We can help!

    Contact an agent
    Brent Fish

    Listing agent Brent Fish License #RM420632

    Listing office Fish Real Estate PA

    Listing date Sep 22, 2025

    MLS# 31727140

    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.

    HighLights

    • High‑visibility corner lot location in historic Wellsboro, PA.
    • Benefit from drive‑through access.
    • Large 13,813 SF retail building on 1.37 acres.
    • Ample parking.
    • Built in 2003.
    • Overhead delivery door.

    Overview

    This 13,813 square foot retail building, formerly occupied by Rite Aid, is available for lease or sale. Constructed in 2003, the property is located on a 1.37-acre corner lot in Wellsboro, Pennsylvania. The building features a brick exterior, ample parking, an overhead delivery door, and a drive-through. The site offers excellent visibility and is suitable for various retail uses, including a grocery store, bank, credit union, or hardware store.

    Local Financial Insights For Specialty Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $169.1k $12.24
    − Vacancy −$17.8k −$1.29
    EGI $151.3k $10.95
    − OpEx −$37.8k −$2.74
    NOI $113.5k $8.22
    13,813 SF · lease $12.24/SF/yr · vacancy 10.50% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $1.62M
    $1.42M – $1.89M (±1% cap)
    NOI $113,489 @ 7.0% cap · market cap 6.32%
    Second Best
    Retail
    $1.02M
    $894.0K – $1.19M (±1% cap)
    NOI $71,520 @ 7.0% cap · market cap 3.98%
    Theoretical Best
    Healthcare Medical
    $2.35M
    $2.06M – $2.75M (±1% cap)
    NOI $164,710 @ 7.0% cap · market cap 9.18%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Drug stores

    Similar Places Nearby

    • CVS — 9 Main St, Wellsboro, PA 16901
    • Mary Milano — 9 Main St, Wellsboro, PA 169011601
    • Autumn Nearing, PharmD — 24 East Ave, Wellsboro, PA 16901
    • CVS Pharmacy — 9 Main St, Wellsboro, PA 16901
    • Rite Aid Pharmacy — 24 East Ave, Wellsboro, PA 16901

    Map

    City
    Wellsboro
    County
    Tioga
    State
    Pennsylvania
    Longitude
    -77.2964522
    Latitude
    41.7480757

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    FAQs

    What type of property is this?
    Drug store - 13,813 SF retail building on 1.37-acre corner lot.
    Where is this drug store located?
    The property is located at 24 E Avenue Wellsboro, PA.
    What is the asking price?
    The asking price for this property is $1,795,000.
    What are key features of this property?
    This property features: High‑visibility corner lot location in historic Wellsboro, PA.; Benefit from drive‑through access.; Large 13,813 SF retail building on 1.37 acres.
    (570) 326-1561
    We can help!
    Contact an agent
    Brent Fish
    Real Estate License ID: RM420632
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