Open-Plan Office
For Sale
$299,900
620 West Main Street, Elkland, PA 16920
A kitchenette, public restrooms, and a paved parking area support day-to-day business operations.
Property Size2,524 SF
Price / SF$118.82
Days on Market99
Property Features for 620 West Main Street
General Information
Standard status
Active
Size
2,524 SF
Property subtype
Commercial
Amenities
kitchenette/break room
public restrooms
central air conditioning
heating systems
brand-new roof
Building Details
Building Size
2,524 SF
Year Built
1975
Listing Agency:
Cowanesque Lake Realty LLC
(570) 944-0101
Listed By:
Brandon Hackett · License #10401336352
(570) 295-2697
Source:
Cowanesquelakerealty
Added: Jul 20
Changed: Oct 25
Last Checked: Oct 23 at 5:54PM
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 Cowanesque Lake Realty LLC
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Investment Insights
Based on property information with market context.
This office property at 620 West Main Street in Elkland has an open-plan interior, a kitchenette and break area, and public restrooms. Heating is provided by two systems, with central air conditioning for cooling. The roof is described as brand-new, and the property includes a paved parking lot.
Built in 1975, the property is described as having residential or commercial zoning. Its interior layout and on-site features are suited to a range of configurations, while the paved parking area provides space for visitors and staff.
Built in 1975, the property is described as having residential or commercial zoning. Its interior layout and on-site features are suited to a range of configurations, while the paved parking area provides space for visitors and staff.
Key Highlights
- Open‑plan interior with kitchenette and break area
- Public restrooms
- Two heating systems and central air conditioning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,716
Cap Rate
7.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$454,320
$454.3K
Cap Rate 7%
$324,514
$324.5K
Cap Rate 9%
$252,400
$252.4K
Market Conditions
NOI Build-Up for 2,524 SF
Gross rent
$37.9K $15.00/SF
− Vacancy
−$7.6K −$3.00/SF
EGI
$30.3K $12.00/SF
− OpEx
−$7.6K −$3.00/SF
NOI
$22.7K $9.00/SF
Area
Tioga County, PA
Vacancy
20.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$454,320
Cap Rate 7%
$324,514
Cap Rate 9%
$252,400
Alternative Uses
Best Use
Office B
$324.5K
$284.0K – $378.6K
NOI $22,716 @ 7.0% cap · market cap 7.57%
Second Best
Retail
$186.7K
$163.4K – $217.8K
NOI $13,069 @ 7.0% cap · market cap 4.36%
Theoretical Best
Healthcare Medical
$430.0K
$376.2K – $501.6K
NOI $30,097 @ 7.0% cap · market cap 10.04%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
21
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 16920, PA
1,977
Population
880
Households
2.2
Avg Household Size
42
Median Age
16%
College-Educated
96%
High-School Grad
9.5 sq mi
ZIP Area
208
Density / Sq Mi
$63,977
Median Household Income
$49,375
Median Earnings
$864
Median Rent
$136,700
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office space - A kitchenette, public restrooms, and a paved parking area support day-to-day business operations.
Where is this office space located?
The property is located at 620 West Main Street Elkland, PA.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Open‑plan interior with kitchenette and break area; Public restrooms; Two heating systems and central air conditioning
