Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    120 Plaza Ln Wellsboro, PA 16901

    Sponsored
    For Sale
    $4,500,000

    Pennsylvania Retail & Office Center

    Property size:
    67,277 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a 67,277-square-foot Class B property in Wellsboro, Pennsylvania. Located at 120 Plaza Ln, this multi-tenant center features a blend of medical and municipal tenants, occupying 80% of the 23,296 square feet of net rentable space as of June 22, 2023. The property sits on an 8.8-acre lot and includes 344 parking spaces. Built in 1975, the single-story building offers a mix of 23 indoor and outdoor storefronts, plus two additional pad sites with development or sales potential. The property is offered at $4,500,000 with a 7.5% cap rate, indicating significant upside potential. A comprehensive package including demographics, traffic studies, environmental reports, and rent roll is available to qualified buyers upon execution of a confidentiality agreement. The property's APN is 39-09D00-010A. This NNN-leased property presents a strong value-add opportunity in a well-maintained community plaza. The property is categorized as both Executive Office and Shopping Center.

    Property Features for 120 Plaza Ln

    General Information

    Property type
    Lifestyle centers
    Square Feet
    67,277 SF
    Class
    B
    Lot Size
    383,328 SF

    Building Details

    Year Built
    1975
    Stories
    1

    HighLights

    • 67,277‑square‑foot Class B multi‑tenant center in Wellsboro, PA.
    • 80% occupancy (23,296 net rentable square feet) with medical and municipal tenants as of June 22, 2023.
    • Situated on an 8.8‑acre lot with 344 parking spaces.
    • Single‑story building (1975 construction) with 23 indoor/outdoor storefronts and two pad sites.
    • Offered at $4,500,000 with a 7.5% cap rate.
    • NNN‑leased property; Executive Office and Shopping Center categorization.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wellsboro
    County
    Tioga
    State
    Pennsylvania
    Longitude
    -77.281267
    Latitude
    41.744566

    Nearby Comparable

    • $389,900
      0.93 Acres

      Wellsboro Commercial Office Building on Route 6

      Commercial office building suitable for medical or general office use.
      11822 Route 6, Stonyfork, PA 16901
      View Details
    • $2,250,000
      Pending

      Wellsboro, PA Retail Opportunity

      13,813 SF retail building on 1.37-acre corner lot.
      24 East Ave, Wellsboro, PA 16901
      View Details
    • $549,900
      Pending

      Gas Station and Auto Garage

      Turnkey gas station and auto service garage on busy corner.
      110 Tioga St, Wellsboro, PA 16901
      View Details
    • $800,000
      0.31 Acres

      Historic Building in Wellsboro

      Historic building with medical office tenant and unique features.
      2 Waln St, Wellsboro, PA 16901
      View Details
    • $249,900
      0.73 Acres

      Prime Investment Opportunity in Wellsboro

      Commercial land with direct access to Pine Creek Rail Trail.
      - Fellows Ave, Wellsboro, PA 16901
      View Details
    • $79,900
      1.58 Acres

      Commercial Land in Wellsboro Borough

      1.5+ acres of commercial land ready for development.
      Nichols St, Wellsboro, PA 16901
      View Details

    Nearby Similar for Sale

    • $800,000
      0.31 Acres

      Historic Building in Wellsboro

      Historic building with medical office tenant and unique features.
      2 Waln St, Wellsboro, PA 16901
      View Details
    • $699,000
      1.42 Acres

      Wellsboro Victorian Home with Addition

      Victorian home with large addition, formerly a skilled nursing facility.
      10 West Ave, Wellsboro, PA 16901
      View Details
    • $2,250,000
      Pending

      Wellsboro, PA Retail Opportunity

      13,813 SF retail building on 1.37-acre corner lot.
      24 East Ave, Wellsboro, PA 16901
      View Details
    • $549,900
      Pending

      Gas Station and Auto Garage

      Turnkey gas station and auto service garage on busy corner.
      110 Tioga St, Wellsboro, PA 16901
      View Details

    FAQs

    What type of property is this?
    Lifestyle center - Pennsylvania Retail & Office Center
    Where is this lifestyle center located?
    The property is located at 120 Plaza Ln Wellsboro, PA.
    What is the asking price?
    The asking price for this property is $4,500,000.
    What are key features of this property?
    This property features: 67,277-square-foot Class B multi-tenant center in Wellsboro, PA.; 80% occupancy (23,296 net rentable square feet) with medical and municipal tenants as of June 22, 2023.; Situated on an 8.8-acre lot with 344 parking spaces.
    Request Owner's contact information
    120 Plaza Ln Wellsboro, PA 16901
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    120 Plaza Ln
    Wellsboro, PA 16901
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    120 Plaza Ln Wellsboro, PA 16901
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.