4677 & 4643 Route 6, Wellsboro, PA 16901

Building Details

Building Size 15,926 SF More

Year Built 2011 More

Listing Agency: Berkshire Hathaway HomeServices Hodrick Realty - Wellsboro k***@bhhshodrickrealty.com Show Phone

Listed By: Ronda Brill Show Phone

Source: Cowanesquelakerealty

Added: Jun 25 Changed: Nov 6 Last Checked: Nov 6 at 3:24PM

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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 15,926-square-foot mixed-use property, built in 2011, includes a motel with 14 renovated units and 62 storage units, all currently rented. Caretaker quarters are also on site, along with a pond and outdoor areas. The sprinkler system has been updated, and the property spans 7.8 acres.

The Wellsboro-area property is positioned for visitors to the Pennsylvania Grand Canyon region, with the PA Rail Trail, Pine and Marsh Creeks, state land, and Cherry Springs among the area attractions identified. The motel and storage component are offered together in this listing.

Key Highlights

• 62 storage units, all currently rented
• Motel includes 14 renovated units
• 7.8‑acre site with a pond

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$136,855

Cap Rate

8.29%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,737,100 $2.7M

Cap Rate 7%

$1,955,071 $2.0M

Cap Rate 9%

$1,520,611 $1.5M

Is this asking price fair?

Market Conditions

NOI Build-Up for 15,926 SF

Gross rent

$210.2K $13.20/SF

− Vacancy

−$14.7K −$0.92/SF

EGI

$195.5K $12.28/SF

− OpEx

−$58.7K −$3.68/SF

NOI

$136.9K $8.59/SF

Area

Tioga County, PA

Vacancy

7.00%

Lease Rate

$13.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,737,100

Cap Rate 7%

$1,955,071

Cap Rate 9%

$1,520,611

Alternative Uses

Best Use

Mixed Use

$2.30M

$2.02M – $2.69M (±1% cap)

NOI $161,251 @ 7.0% cap · market cap 9.77%

Second Best

Self Storage

$1.96M

$1.71M – $2.28M (±1% cap)

NOI $136,855 @ 7.0% cap · market cap 8.29%

Theoretical Best

Healthcare Medical

$2.71M

$2.37M – $3.17M (±1% cap)

NOI $189,906 @ 7.0% cap · market cap 11.51%

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

Motels

Suggested Use

Top Pick Storage Facility Travel Agency Bed & Breakfast Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Sprinkler system

Location Intelligence

Trade Area within ½ mile

13

Businesses Nearby

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

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - The property combines lodging, rented storage units, caretaker quarters, and outdoor space on a single site.

Where is this mixed-use property located?

The property is located at 4677 & 4643 Route 6 Wellsboro, PA.

What is the asking price?

The asking price for this property is $1,650,000.

What are key features of this property?

This property features: 62 storage units, all currently rented; Motel includes 14 renovated units; 7.8‑acre site with a pond