Historic Office
For Sale
$489,000
3 E 5th St, Bloomsburg, PA 17815
Currently configured as a law office, the property also has potential for a combined business and residential arrangement.
Property Size5,610 SF
Price / SF$87.17
Days on Market12
Property Features for 3 E 5th St
General Information
Standard status
Active
Size
5,610 SF
Taxes and HOA fees
Annual Taxes
$4,640
Listing Agency:
THE LAND AND RESIDENTIAL CONNECTION
(570) 546-2231
Listed By:
MARK E. MORROW
(570) 204-7860
Source:
Exprealty
Added: Sep 25
Changed: Sep 30
Last Checked: Oct 5 at 7:13PM
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 THE LAND AND RESIDENTIAL CONNECTION
Investment Insights
Based on property information with market context.
This Queen Anne-style office property dates to approximately 1860 and is currently used as a law office. It offers 5,610 square feet of usable space across three levels, plus an attic, and has been maintained and updated. Four separate HVAC zones serve the building.
Paved private parking at the rear accommodates 12 vehicles. The layout also allows for office or business use on the first floor with residential space on the second and third floors.
Paved private parking at the rear accommodates 12 vehicles. The layout also allows for office or business use on the first floor with residential space on the second and third floors.
Key Highlights
- Queen Anne‑style building dating to approximately 1860
- 5,610 square feet across three levels, plus an attic
- Currently operating as a law office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,042
Cap Rate
6.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$600,840
$600.8K
Cap Rate 7%
$429,171
$429.2K
Cap Rate 9%
$333,800
$333.8K
Market Conditions
NOI Build-Up for 5,610 SF
Gross rent
$50.5K $9.00/SF
− Vacancy
−$2.4K −$0.43/SF
EGI
$48.1K $8.57/SF
− OpEx
−$18.0K −$3.21/SF
NOI
$30.0K $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 Rate 5%
$600,840
Cap Rate 7%
$429,171
Cap Rate 9%
$333,800
Alternative Uses
Best Use
Office B
$1.55M
$1.36M – $1.81M
NOI $108,623 @ 7.0% cap · market cap 22.21%
Second Best
Mixed Use
$429.2K
$375.5K – $500.7K
NOI $30,042 @ 7.0% cap · market cap 6.14%
Theoretical Best
Office A
$1.88M
$1.65M – $2.19M
NOI $131,664 @ 7.0% cap · market cap 26.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
905
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Office building - Currently configured as a law office, the property also has potential for a combined business and residential arrangement.
Where is this office building located?
The property is located at 3 E 5th St Bloomsburg, PA.
What is the asking price?
The asking price for this property is $489,000.
What are key features of this property?
This property features: Queen Anne‑style building dating to approximately 1860; 5,610 square feet across three levels, plus an attic; Currently operating as a law office
