Community Plaza with Development
For Sale
Contact for pricing
120 Plaza Ln, Wellsboro, PA 16901
Well-maintained plaza with upside potential in Wellsboro, Pennsylvania.
Property Size67,277 SF
Lot Size8.80 Acres
Days on Market1014
Property Features for 120 Plaza Ln
General Information
Standard status
Active
Size
67,277 SF
Class
B
Total Parking Spaces
344
Lot size
8.80 Acres
Property subtype
Retail, Office
Occupancy
80%
Lease Type
NNN
Building Details
Year Built
1975
Stories
1
Tenancy
Multi
Listing Agency:
Bang Realty
(888) 737-2264
Listed By:
Brian Brockman · License #BRK.200900214
Source:
Crexi
Added: Nov 22, 2023
Changed: Aug 28
Last Checked: Aug 31 at 3:16AM
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 Bang Realty
Investment Insights
Based on property information with market context.
This well-maintained community plaza, situated on 8.8 acres, features 67,277 rentable square feet. The facility has a blend of medical and municipal tenants. The property includes a mix of 23 indoor and outdoor storefronts, along with 2 additional pad sites that could be developed or sold. As of June 22, 2023, the leased square footage is 65.37%, with 23,296 square feet vacant. The property has a 7.5% cap rate and significant upside potential. The property is located in Wellsboro, Pennsylvania.
Key Highlights
- 7. 5% Cap Rate indicates strong investment potential.
- Significant Upside Potential due to vacant square footage (23,296 SF).
- Strong blend of medical and municipal tenants provides stability.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
172
Businesses Nearby
Balanced
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
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - Well-maintained plaza with upside potential in Wellsboro, Pennsylvania.
Where is this shopping center located?
The property is located at 120 Plaza Ln Wellsboro, PA.
What are key features of this property?
This property features: 7. 5% Cap Rate indicates strong investment potential.; Significant Upside Potential due to vacant square footage (23,296 SF).; Strong blend of medical and municipal tenants provides stability.
