Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Prime Commercial Land in Mansfield Title is generated by Realmo AI

    324 S MAIN ST 6.64 ACRES, Mansfield, PA 16933

    View on Map
    Claim this Listing
    For Sale
    $285,000

    LAND - Mansfield, PA

    Lot size:
    6.64 Acres
    Added:
    Jan 2, 2026
    Days on Market:
    144
    Last Refresh:
    May 26 at 3:06 pm

    Property Features for 324 S MAIN ST 6.64 ACRES

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    6.64 Acres

    Taxes and HOA fees

    Tax Description
    No Buildings - Raw Vacant Commercial Land.

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Michelle Strange

    Listing agent Michelle Strange

    Listing office Berkshire Hathaway HomeServices Hodrick Realty - Wellsboro 98 Main St., Wellsboro, PA

    Listing date Jan 2, 2026

    MLS# 31723731 Listing URL

    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.

    HighLights

    • Prime 6.64‑acre commercial building lot.
    • Public water and sewer access available.
    • Excellent visibility and steady exposure with high traffic count (approx. 7,500 vehicles daily).
    • Located a few blocks from downtown Mansfield.
    • Easy road access for staff and visitors.
    • Construction blueprints available for purchase.

    Overview

    This 6.64-acre commercial land parcel is located in Mansfield, Pennsylvania, a few blocks from downtown. The property benefits from steady exposure, with PennDOT traffic counts indicating approximately 7,500 vehicles passing daily. Easy road access makes entry convenient for both staff and visitors. Public water and public sewer access are available at the road. The property consists of two parcels conveyed on one deed. A survey is available. Construction blueprints are also available and may be purchased separately for buyers interested in a head start on development. This oversized parcel offers excellent visibility and opportunity to establish or expand your business. The location is strategic for retail, service, office, or investment purposes. Possible residential use as well.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Mansfield
    County
    Tioga
    State
    Pennsylvania
    Longitude
    -77.0797016
    Latitude
    41.8158124

    Nearby Similar for Sale

    • $199,900
      1,562 SF

      Former Restaurant and Bakery

      Former restaurant/bakery on 1.512 acres with road frontage.
      1080 S Main Lot 1, Mansfield, PA 16933
      View Details
    • $825,000
      17,364 SF

      Versatile Commercial Property, Mansfield, PA

      High-traffic commercial property with endless possibilities in Mansfield, PA.
      56 N Bullock Road, Mansfield, PA 16933
      View Details
    • $449,000
      6,682 SF

      Victorian Home with Apartment, Garage

      Unique commercial property with apartment, garage, and parking.
      130 S Main St, Mansfield, PA 16933
      View Details
    • $1,100,000
      17,364 SF

      Versatile Commercial Property, Mansfield, PA

      High-visibility commercial property with endless possibilities in Mansfield, PA.
      56 N Bullock Road, Mansfield, PA 16933
      View Details
    • $324,900
      1,562 SF

      Commercial Land Near Retailers

      2.57 acres in Mansfield near Walmart and other businesses.
      1080 S Main Street, Mansfield, PA 16933
      View Details
    • $285,000

      Prime Commercial Land in Mansfield

      6.64-acre commercial building lot with high visibility and access.
      324 S MAIN ST (6.64 ACRES), Mansfield, PA 16933
      View Details
    • $105,000

      Level Land with Barn and Workshop

      2.12-acre parcel with barn, workshop, and scenic views.
      Pickle Hill Road, Mansfield, PA 16933
      View Details
    • $695,000

      Prime Commercial Land Near Route 15

      2.76-acre commercial parcel suitable for various business applications.
      Lot# 10 - 0 Dorsett Heights Mansfield, PA, Mansfield, PA 16933
      View Details
    • $349,900

      Prime Commercial Land in Mansfield

      2.15 acres in high-traffic area, ready for development.
      1660 S. Main St., Mansfield, PA 16933
      View Details
    • $495,000

      Prime Commercial Land Opportunity

      1.93-acre commercial parcel in a high-growth Mansfield location.
      Lot# 17 - 0 Dorsett Heights Mansfield, PA, Mansfield, PA 16933
      View Details
    • $349,900

      Prime Commercial Land in Mansfield

      1.22-acre commercial parcel in Mansfield's core business district.
      Lot# 19 - 0 Dorsett Heights Mansfield, PA, Mansfield, PA 16933
      View Details
    • $495,000

      Prime Commercial Land in Mansfield

      2 acres of commercial land in Mansfield's business corridor.
      Lot# 16 - 0 Dorsett Heights Mansfield, PA, Mansfield, PA 16933
      View Details

    FAQs

    What type of property is this?
    Land - 6.64-acre commercial lot with high visibility near downtown.
    Where is this land located?
    The property is located at 324 S MAIN ST 6.64 ACRES Mansfield, PA.
    What is the asking price?
    The asking price for this property is $285,000.
    What are key features of this property?
    This property features: Prime 6.64‑acre commercial building lot.; Public water and sewer access available.; Excellent visibility and steady exposure with high traffic count (approx. 7,500 vehicles daily).
    (570) 404-1429
    We can help!
    Listing Contact
    Michelle Strange
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    324 S MAIN ST (6.64 ACRES), Mansfield, PA 16933
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!