Office Building with Adjacent
2418 & 2388 S Main St, Mansfield, PA 16933
For Sale
$397,000
Office property offered with an adjoining undeveloped lot, providing flexibility for expansion or redevelopment planning.
Property Size2,630 SF
Days on Market143
Property Features for 2418 & 2388 S Main St
General Information
Standard status
Size
Class
Property subtype
Building Details
Building Size
Year Built
Listing Agency:
MPN Realty, Inc.
Listed By:
Chris Cimino
(267) 546-1731
Source:
Mpnrealty
Added: Jun 25
Changed: Nov 4
Last Checked: Nov 14 at 2:05AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of MPN Realty, Inc.
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Investment Insights
Based on property information with market context.
This offering includes an office property and an adjoining undeveloped lot. The package is presented together as 2418 S. Main Street and 2388 S. Main Street, providing a single ownership structure for the office building and the neighboring land.
The properties are located in Mansfield, Pennsylvania. With both parcels included in the sale, the configuration supports buyers who want to evaluate the current office asset alongside the option to plan around the adjacent undeveloped site.
For tenants, buyers, or operators, this combined setup may be useful when assessing near-term occupancy and longer-term site planning. The office building can serve as the core operating location, while the adjoining lot offers additional control for future considerations such as layout changes or other redevelopment concepts, subject to applicable approvals. The bundled sale structure is also straightforward for parties looking to consolidate decision-making across both parcels rather than coordinating between separate owners.
The properties are located in Mansfield, Pennsylvania. With both parcels included in the sale, the configuration supports buyers who want to evaluate the current office asset alongside the option to plan around the adjacent undeveloped site.
For tenants, buyers, or operators, this combined setup may be useful when assessing near-term occupancy and longer-term site planning. The office building can serve as the core operating location, while the adjoining lot offers additional control for future considerations such as layout changes or other redevelopment concepts, subject to applicable approvals. The bundled sale structure is also straightforward for parties looking to consolidate decision-making across both parcels rather than coordinating between separate owners.
Key Highlights
- Office property at 2418 S. Main Street in Mansfield, PA
- Adjoining undeveloped lot at 2388 S. Main Street offers expansion or redevelopment planning flexibility
- Year built: 1982
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,670
Cap Rate
5.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$473,400
$473.4K
Cap Rate 7%
$338,143
$338.1K
Cap Rate 9%
$263,000
$263.0K
Market Conditions
NOI Build-Up for 2,630 SF
Gross rent
$39.5K $15.00/SF
− Vacancy
−$7.9K −$3.00/SF
EGI
$31.6K $12.00/SF
− OpEx
−$7.9K −$3.00/SF
NOI
$23.7K $9.00/SF
Area
Tioga County, PA
Vacancy
20.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$473,400
Cap Rate 7%
$338,143
Cap Rate 9%
$263,000
Alternative Uses
Best Use
Office B
$338.1K
$295.9K – $394.5K
NOI $23,670 @ 7.0% cap · market cap 5.96%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$448.0K
$392.0K – $522.7K
NOI $31,361 @ 7.0% cap · market cap 7.90%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
43
Businesses Nearby
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Business Placement
Demographics for 16933, PA
6,643
Population
3,131
Households
2.1
Avg Household Size
37
Median Age
32%
College-Educated
94%
High-School Grad
102.6 sq mi
ZIP Area
65
Density / Sq Mi
$60,707
Median Household Income
$27,697
Median Earnings
$783
Median Rent
$200,600
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Office property offered with an adjoining undeveloped lot, providing flexibility for expansion or redevelopment planning.
Where is this office building located?
The property is located at 2418 & 2388 S Main St Mansfield, PA.
What is the asking price?
The asking price for this property is $397,000.
What are key features of this property?
This property features: Office property at 2418 S. Main Street in Mansfield, PA; Adjoining undeveloped lot at 2388 S. Main Street offers expansion or redevelopment planning flexibility; Year built: 1982
