31-35 Tioga
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31-35 Tioga
8,747 SF 100% Leased Office Building Tunkhannock, PA 18657 $450,000 ($51/SF) 7.68% Cap Rate
Investment Highlights
- High traffic area
- Downtown Business District
Executive Summary
Downtown Tunkhannock---fantastic commercial opportunity. Office space on main level with apartments on second floor. Second tax map # 22 059.1 185 00 00 00 Assessed value of $19,980.00--Taxes $2,740.21. Total Taxes $10,170.71 Larger Eihab Office space has propane/FHA heat and AC. Other street level and apartments have electric BB heat. FULLY RENTED
Front of building freshly painted summer of 2023. Rear of building painted spring of 2024. Rear parking lot paved May, 2024. Ready for new owners
Front of building freshly painted summer of 2023. Rear of building painted spring of 2024. Rear parking lot paved May, 2024. Ready for new owners
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$52,500
|
$6.00
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$52,500
|
$6.00
|
| Taxes |
$10,094
|
$1.15
|
| Operating Expenses |
$7,841
|
$0.90
|
| Total Expenses |
$17,935
|
$2.05
|
| Net Operating Income |
$34,565
|
$3.95
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $52,500 |
| Annual Per SF | $6.00 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $52,500 |
| Annual Per SF | $6.00 |
| Taxes | |
|---|---|
| Annual | $10,094 |
| Annual Per SF | $1.15 |
| Operating Expenses | |
|---|---|
| Annual | $7,841 |
| Annual Per SF | $0.90 |
| Total Expenses | |
|---|---|
| Annual | $17,935 |
| Annual Per SF | $2.05 |
| Net Operating Income | |
|---|---|
| Annual | $34,565 |
| Annual Per SF | $3.95 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Office/Residential
Building Size
8,747 SF
Building Class
C
Year Built/Renovated
1900/2015
Price
$450,000
Price Per SF
$51
Cap Rate
7.68%
NOI
$34,565
Percent Leased
100%
Building Height
2 Stories
Typical Floor Size
4,374 SF
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31-35 Tioga
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