7371 Route 328, Millerton, PA 16936

Building Details

Building Size 1,800 SF More

Year Built 1954 More

Listing Agency: JoAnne Kizer Real Estate Show Phone

Listed By: Thomas Calaman Show Phone

Source: Cowanesquelakerealty

Added: May 13, 2021 Changed: Nov 6 Last Checked: Nov 6 at 2:39PM

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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 JoAnne Kizer Real Estate

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This 1,800-square-foot gas station property was built in 1954 and previously operated as a service station. It has been unoccupied for more than 10 years. The sale also includes an adjoining 0.87-acre parcel in New York.

Key Highlights

• 1,800‑square‑foot former service station
• Built in 1954
• Unoccupied for more than 10 years

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$14,789

Cap Rate

3.22%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$295,780 $295.8K

Cap Rate 7%

$211,271 $211.3K

Cap Rate 9%

$164,322 $164.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,800 SF

Gross rent

$22.0K $12.24/SF

− Vacancy

−$2.3K −$1.29/SF

EGI

$19.7K $10.95/SF

− OpEx

−$4.9K −$2.74/SF

NOI

$14.8K $8.22/SF

Area

Tioga County, PA

Vacancy

10.50%

Lease Rate

$12.24 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$295,780

Cap Rate 7%

$211,271

Cap Rate 9%

$164,322

Alternative Uses

Best Use

Specialty Retail

$211.3K

$184.9K – $246.5K (±1% cap)

NOI $14,789 @ 7.0% cap · market cap 3.22%

Second Best

Industrial

$150.0K

$131.3K – $175.1K (±1% cap)

NOI $10,503 @ 7.0% cap · market cap 2.28%

Theoretical Best

Healthcare Medical

$306.6K

$268.3K – $357.7K (±1% cap)

NOI $21,464 @ 7.0% cap · market cap 4.67%

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

Gas stations

Suggested Use

Top Pick HVAC Service Catering Service (Bike/Boat/Book/etc) Store Wine and Liquor Store Restaurant

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

Location Intelligence

Trade Area within ½ mile

3

Businesses Nearby

Explore this area Business Placement

Demographics for 16936, PA

2,111

Population

1,038

Households

2

Avg Household Size

49

Median Age

16%

College-Educated

93%

High-School Grad

47.6 sq mi

ZIP Area

44

Density / Sq Mi

$56,958

Median Household Income

$41,147

Median Earnings

$932

Median Rent

$166,600

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Frequently Asked Questions

What type of property is this?

Gas station - The 1954-built property includes an adjoining 0.87-acre parcel in New York.

Where is this gas station located?

The property is located at 7371 Route 328 Millerton, PA.

What is the asking price?

The asking price for this property is $459,900.

What are key features of this property?

This property features: 1,800‑square‑foot former service station; Built in 1954; Unoccupied for more than 10 years