Heated Garage with Office
For Sale
$151,900
Packard Rd, Covington, PA 16917
LAND - Covington, PA
Property Size1,600 SF
Lot Size1.79 Acres
Price / SF$94.94
Days on Market48
Property Features for Packard Rd
General Information
Property type
Land
Property subtype
Other
Lot features
Out of Town, Structure on Property, View
Elementary school district
Southern Tioga
Middle school district
Southern Tioga
High school district
Southern Tioga
Subdivision
Tioga
Standard status
Active
Lot size
1.79 Acres
Listing Agency:
Cowanesque Lake Realty LLC
(570) 944-0101
Listed By:
Sara Saxbury · License #10401366240
(607) 368-1217
Added: Jun 15
Changed: Jun 25
Last Checked: Aug 1 at 9:06AM
MLS# 31727593
Copyright © 2026 Northern Mountains of Pennsylvania MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This property consists of a well-built, heated and fully insulated garage on 1.79 acres. The structure includes 11' ceilings and a 12' x 10' garage door, with electricity available on site. Interior accommodations feature two office spaces, supporting a combination of workspace and storage. The surrounding land provides room for parking and outdoor storage, and it can support future expansion plans.
The site is located on Packard Rd in Covington, Pennsylvania, in Tioga County. The setting is described as private, with ample room to operate from the property without relying on shared space.
The layout is well-suited for owner-operators and tenants needing both shop or storage space and dedicated office areas. With a large garage door and insulated interior, the building supports day-to-day work as well as storing equipment or materials outdoors when needed. The property is also presented with a passing perc test on file, which may be relevant for future site planning.
The site is located on Packard Rd in Covington, Pennsylvania, in Tioga County. The setting is described as private, with ample room to operate from the property without relying on shared space.
The layout is well-suited for owner-operators and tenants needing both shop or storage space and dedicated office areas. With a large garage door and insulated interior, the building supports day-to-day work as well as storing equipment or materials outdoors when needed. The property is also presented with a passing perc test on file, which may be relevant for future site planning.
Key Highlights
- 1,600 sq.ft. heated, fully insulated garage on 1.79 acres
- 11' ceilings with a 12' x 10' garage door
- Electricity available for workshop or storage use
Financial Insights For Flex RnD
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 | $18.2k | $11.40 |
| − Vacancy | −$1.0k | −$0.64 |
| EGI | $17.2k | $10.76 |
| − OpEx | −$6.0k | −$3.77 |
| NOI | $11.2k | $7.00 |
1,600 SF · lease $11.40/SF/yr · vacancy 5.60% · expense 35.00%
Alternative Uses
Best Use
Office B
$205.7K
$180.0K – $240.0K
NOI $14,400 @ 7.0% cap · market cap 9.48%
Second Best
Flex RnD
$159.9K
$139.9K – $186.5K
NOI $11,192 @ 7.0% cap · market cap 7.37%
Theoretical Best
Healthcare Medical
$272.6K
$238.5K – $318.0K
NOI $19,079 @ 7.0% cap · market cap 12.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
11 ft
Clear height
1
Drive-in doors
2
Office units
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
9
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 16917, PA
1,464
Population
707
Households
2.1
Avg Household Size
44
Median Age
21%
College-Educated
92%
High-School Grad
52.0 sq mi
ZIP Area
28
Density / Sq Mi
$68,750
Median Household Income
$34,906
Median Earnings
$930
Median Rent
$161,000
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - A heated, fully insulated garage with office space and power on nearly two acres for flexible work or storage uses.
Where is this flex space located?
The property is located at Packard Rd Covington, PA.
What is the asking price?
The asking price for this property is $151,900.
What are key features of this property?
This property features: 1,600 sq.ft. heated, fully insulated garage on 1.79 acres; 11' ceilings with a 12' x 10' garage door; Electricity available for workshop or storage use
