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    Versatile Mixed-Use Property with Parking Title is generated by Realmo AI

    243 W Main Street, Bloomsburg, PA 17815

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    Mixed-use property in Bloomsburg business district with income potential.

    Type:Special Purpose
    Property size:
    2,950 SF
    Price / SF:
    $152/SF
    Added:
    May 15, 2026
    Days on Market:
    16
    Last Refresh:
    May 16 at 8:49 pm

    Property Features for 243 W Main Street

    General Information

    Standard status
    Active
    Size
    2,950 SF
    Property subtype
    Special Purpose

    Building Details

    Year Built
    1940

    We can help!

    Listing Contact
    Dorothy Rhone

    Listing agent Dorothy Rhone License #PA RM-421649

    Listing office CENTURY 21 Covered Bridges Realty

    Listing date May 15, 2026

    Source Crexi

    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

    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.
    • First floor suitable for commercial business space or conversion to a one‑bedroom apartment/office.
    • Property passed inspection in December 2025, valid for three years.
    • Central air conditioning on the first floor.

    Overview

    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.
    Location Intelligence

    Current Use by Public Records

    Gentle Dove Alternative Medicine Practice Bull Auto Transport Trucking Company

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bloomsburg
    County
    Columbia
    State
    Pennsylvania
    Longitude
    -76.460703
    Latitude
    41.001797

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    FAQs

    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 Street Bloomsburg, PA.
    What is the asking price?
    The asking price for this property is $450,000.
    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.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Dorothy Rhone
    Real Estate License ID: PA RM-421649
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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