Mixed-Use Office and Rooming
913 Centre Street Ashland, PA 17921
913 Centre Street, Ashland, PA, 17921
$219,000
For Sale
$219,000
First-floor office space and second/third-floor rooms for rent, with separate entrances and updated roofing and electrical.
Property Size3,000 SF
Price / SF$73
Days on Market189
Property Features for 913 Centre Street
General Information
- Standard status
- Active
- Size
- 3,000 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1870
Listing agency
Realty World-We Get Results
(570) 205-1995
Listed by
Wendy Knorr · License #RM421133
(570) 205-1995
Source
Compass
Added: Jan 14 Updated: Jul 21 at 7:07AM Checked: Jul 21 at 7:07AM
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 Realty World-We Get Results
Investment Insights
Based on property information with market context.
This mixed-use property is arranged with office space on the first floor and rooms for rent on the second and third floors. The first floor includes a waiting room, reception area, small storage rooms, a half bathroom, multiple private rooms, and a back room/exit. The second and third floors include six rooms to rent plus common areas, with bathrooms and shared kitchen/dining and living space. Tenants occupy individual bedrooms while sharing common areas. Separate entrances are provided for the first floor and the second/third floors.
The property is licensed through DDAP as an outpatient D&A facility and is zoned commercial along Route 61 in Ashland. Recent improvements include new roofs, a furnace that is approximately two years old, and upgraded electric. An oversized detached garage also supports the property.
The property is licensed through DDAP as an outpatient D&A facility and is zoned commercial along Route 61 in Ashland. Recent improvements include new roofs, a furnace that is approximately two years old, and upgraded electric. An oversized detached garage also supports the property.
Key Highlights
- Licensed DDAP outpatient D&A facility with first‑floor office and rooms for rent on the 2nd and 3rd floors
- First floor features a waiting room, reception area, 2 small storage rooms, half bath, 4 private rooms, and a back room/exit
- 2nd and 3rd floors include 6 rooms for rent plus common areas with a large kitchen/dining area, living room, and two full bathrooms
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $31.7k | $10.56 |
| − Vacancy | −$1.8k | −$0.61 |
| EGI | $29.8k | $9.95 |
| − OpEx | −$13.4k | −$4.48 |
| NOI | $16.4k | $5.47 |
3,000 SF · lease $10.56/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Healthcare Medical
$416.6K
$364.5K – $486.0K
NOI $29,160 @ 7.0% cap · market cap 13.32%
Second Best
Office B
$348.3K
$304.8K – $406.4K
NOI $24,381 @ 7.0% cap · market cap 11.13%
Theoretical Best
Office A
$450.0K
$393.8K – $525.0K
NOI $31,500 @ 7.0% cap · market cap 14.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Rehabilitation centers
Similar For Sale Nearby
FAQs
What type of property is this?
Rehabilitation center - First-floor office space and second/third-floor rooms for rent, with separate entrances and updated roofing and electrical.
Where is this rehabilitation center located?
The property is located at 913 Centre Street Ashland, PA.
What is the asking price?
The asking price for this property is $219,000.
What are key features of this property?
This property features: Licensed DDAP outpatient D&A facility with first‑floor office and rooms for rent on the 2nd and 3rd floors; First floor features a waiting room, reception area, 2 small storage rooms, half bath, 4 private rooms, and a back room/exit; 2nd and 3rd floors include 6 rooms for rent plus common areas with a large kitchen/dining area, living room, and two full bathrooms
