Renovated 14-Unit
4643 Route 6, Wellsboro, PA 16901
For Sale
$1,250,000
The property includes a pond, outdoor areas, and caretaker quarters with potential for conversion to additional units.
Property Size6,926 SF
Lot Size5.80 Acres
Price / SF$180.48
Days on Market135
Property Features for 4643 Route 6
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Sprinkler System
Currently Operating
Building Details
Building Size
Year Built
Listing Agency:
Berkshire Hathaway HomeServices Hodrick Realty - Wellsboro
(570) 724-1890
Listed By:
Ronda Brill
(570) 439-2118
Source:
Cowanesquelakerealty
Added: Jun 25
Changed: Nov 6
Last Checked: Nov 6 at 3:31PM
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 Berkshire Hathaway HomeServices Hodrick Realty - Wellsboro
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Investment Insights
Based on property information with market context.
This 6,926-square-foot motel contains 14 renovated units on a 5.8-acre property. A pond and outdoor areas provide space for guests to spend time outside. Caretaker quarters are also on site and may be converted into additional units. The sprinkler system was recently updated.
The motel is on Route 6 in Wellsboro, within the Pine Creek Gorge tourism area. The property information identifies the PA Rail Trail, Pine and Marsh Creeks, the PA Grand Canyon, state land, and Cherry Springs as nearby destinations. A separate offering of 62 storage units is available for additional purchase.
The motel is on Route 6 in Wellsboro, within the Pine Creek Gorge tourism area. The property information identifies the PA Rail Trail, Pine and Marsh Creeks, the PA Grand Canyon, state land, and Cherry Springs as nearby destinations. A separate offering of 62 storage units is available for additional purchase.
Key Highlights
- 14 renovated motel units
- 6,926‑square‑foot property on 5.8 acres
- Pond and outdoor areas on site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,946
Cap Rate
3.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$838,920
$838.9K
Cap Rate 7%
$599,229
$599.2K
Cap Rate 9%
$466,067
$466.1K
Market Conditions
NOI Build-Up for 6,926 SF
Gross rent
$103.9K $15.00/SF
− Vacancy
−$15.6K −$2.25/SF
EGI
$88.3K $12.75/SF
− OpEx
−$46.4K −$6.69/SF
NOI
$41.9K $6.06/SF
Area
Tioga County, PA
Vacancy
15.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$838,920
Cap Rate 7%
$599,229
Cap Rate 9%
$466,067
Alternative Uses
Best Use
Hotel Hospitality
$599.2K
$524.3K – $699.1K
NOI $41,946 @ 7.0% cap · market cap 3.36%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$1.18M
$1.03M – $1.38M
NOI $82,588 @ 7.0% cap · market cap 6.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
13
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 16901, PA
10,561
Population
5,360
Households
2
Avg Household Size
47
Median Age
28%
College-Educated
93%
High-School Grad
230.4 sq mi
ZIP Area
46
Density / Sq Mi
$66,003
Median Household Income
$40,723
Median Earnings
$863
Median Rent
$210,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Similar Off Market Nearby
- Hickory Grove Outdoor — 759 PA-660, Wellsboro, PA 16901
Frequently Asked Questions
What type of property is this?
Motel - The property includes a pond, outdoor areas, and caretaker quarters with potential for conversion to additional units.
Where is this motel located?
The property is located at 4643 Route 6 Wellsboro, PA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 14 renovated motel units; 6,926‑square‑foot property on 5.8 acres; Pond and outdoor areas on site
