Retail Building with
For Sale
$1,795,000
Pending
24 E Avenue, Wellsboro, PA 16901
Commercial Sale, Wellsboro, PA
Property Size13,813 SF
Lot Size1.37 Acres
Days on Market381
Property Features for 24 E Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
2
Half bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Elementary school district
Wellsboro Area
Middle school district
Wellsboro Area
High school district
Wellsboro Area
Subdivision
Tioga
Standard status
Pending
Size
13,813 SF
Lot size
1.37 Acres
Amenities
overhead delivery door
Building Details
Year built
2003
Listing Agency:
Fish Real Estate
(570) 326-1561
Listed By:
Brent Fish · License #RM420632
(570) 893-4220
Added: Sep 22, 2025
Changed: Sep 12
Last Checked: Oct 7 at 11:06PM
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.
Investment Insights
Based on property information with market context.
This 13,813-square-foot retail building occupies a 1.37-acre corner lot in Wellsboro, Pennsylvania. Constructed in 2003, the property has a brick exterior, drive-through access, ample parking, and an overhead delivery door. The building was formerly occupied by Rite Aid and is available for lease or sale.
Located at 24 E Avenue in Wellsboro, the property offers a commercial retail setting within the 16901 ZIP code. Its existing configuration and physical features may accommodate retail operations such as a grocery store, bank, credit union, or hardware store, as identified in the property information.
Located at 24 E Avenue in Wellsboro, the property offers a commercial retail setting within the 16901 ZIP code. Its existing configuration and physical features may accommodate retail operations such as a grocery store, bank, credit union, or hardware store, as identified in the property information.
Key Highlights
- 13,813 SF retail building on a 1.37‑acre corner lot
- Constructed in 2003
- Drive‑through access and overhead delivery door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$113,489
Cap Rate
6.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,269,780
$2.3M
Cap Rate 7%
$1,621,271
$1.6M
Cap Rate 9%
$1,260,989
$1.3M
Market Conditions
NOI Build-Up for 13,813 SF
Gross rent
$169.1K $12.24/SF
− Vacancy
−$17.8K −$1.29/SF
EGI
$151.3K $10.95/SF
− OpEx
−$37.8K −$2.74/SF
NOI
$113.5K $8.22/SF
Area
Tioga County, PA
Vacancy
10.50%
Lease Rate
$12.24 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,269,780
Cap Rate 7%
$1,621,271
Cap Rate 9%
$1,260,989
Alternative Uses
Best Use
Specialty Retail
$1.62M
$1.42M – $1.89M
NOI $113,489 @ 7.0% cap · market cap 6.32%
Second Best
Retail
$1.02M
$894.0K – $1.19M
NOI $71,520 @ 7.0% cap · market cap 3.98%
Theoretical Best
Healthcare Medical
$2.35M
$2.06M – $2.75M
NOI $164,710 @ 7.0% cap · market cap 9.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
673
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 16901, PA
10,561
Population
5,360
Households
2
Avg Household Size
47
Median Age
28%
College-Educated
93%
High-School Grad
230.4 sq mi
ZIP Area
46
Density / Sq Mi
$66,003
Median Household Income
$40,723
Median Earnings
$863
Median Rent
$210,500
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
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Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Storefront property - Corner-lot retail property with brick construction, ample parking, and an overhead delivery door.
Where is this storefront property 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: 13,813 SF retail building on a 1.37‑acre corner lot; Constructed in 2003; Drive‑through access and overhead delivery door
