Versatile Mixed-Use Property with
For Sale
$340,000
243 W Main St, Bloomsburg, PA 17815
Mixed-use property in Bloomsburg business district with income potential.
Property Size2,950 SF
Price / SF$115.25
Days on Market102
Property Features for 243 W Main St
General Information
Standard status
Active
Size
2,950 SF
Taxes and HOA fees
Annual Taxes
$3,842
Listing Agency:
CENTURY 21 COVERED BRIDGES REALTY
(570) 204-0279
Listed By:
DOROTHY B. RHONE · License #RM-421649
(570) 204-0279
Source:
Exprealty
Added: May 14
Changed: Aug 23
Last Checked: Aug 22 at 7:14AM
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 CENTURY 21 COVERED BRIDGES REALTY
Investment Insights
Based on property information with market context.
This mixed-use property offers a range of possibilities, featuring its own parking area, a rare amenity in the Bloomsburg business district. Throughout its history, the property has accommodated a massage business, a doctor's office, a hair salon, and student housing. Zoned Mixed Use 1, the property allows for a wide variety of potential uses. The first floor, with central air, has functioned as a commercial business space for many years and includes an area previously used as a one-bedroom apartment or office space. The second floor, formerly used for college student housing, has been converted into a spacious two-bedroom apartment that is currently rented, providing immediate income potential. The property, sized at 2950 square feet, was inspected in December 2025 and successfully passed inspection, which is valid for three years. Additional features include a sizable rear parking lot and a detached three-car garage that offers storage or rental income opportunities. This property is suitable for expanding a business, investing in rental property, or creating a live/work space.
Key Highlights
- Versatile mixed‑use zoning (Mixed Use 1) allows for a wide variety of potential uses.
- Sizable rear parking lot and detached three‑car garage provide ample parking and storage.
- Currently generating income with a spacious two‑bedroom apartment on the second floor.
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
$15,797
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
4.65%
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%
$315,940
$315.9K
Cap Rate 7%
$225,671
$225.7K
Cap Rate 9%
$175,522
$175.5K
Market Conditions
NOI Build-Up for 2,950 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
$26.6K $9.00/SF
− Vacancy
−$1.3K −$0.43/SF
EGI
$25.3K $8.57/SF
− OpEx
−$9.5K −$3.21/SF
NOI
$15.8K $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 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%
$315,940
Cap Rate 7%
$225,671
Cap Rate 9%
$175,522
Alternative Uses
Best Use
Mixed Use
$225.7K
$197.5K – $263.3K
NOI $15,797 @ 7.0% cap · market cap 4.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$989.1K
$865.4K – $1.15M
NOI $69,235 @ 7.0% cap · market cap 20.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,046
Businesses Nearby
Explore this area
Business Placement
Demographics for 17815, PA
28,936
Population
12,661
Households
2.3
Avg Household Size
36
Median Age
32%
College-Educated
93%
High-School Grad
125.7 sq mi
ZIP Area
230
Density / Sq Mi
$66,145
Median Household Income
$36,695
Median Earnings
$968
Median Rent
$216,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property in Bloomsburg business district with income potential.
Where is this mixed-use property located?
The property is located at 243 W Main St Bloomsburg, PA.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: Versatile mixed‑use zoning (Mixed Use 1) allows for a wide variety of potential uses.; Sizable rear parking lot and detached three‑car garage provide ample parking and storage.; Currently generating income with a spacious two‑bedroom apartment on the second floor.
