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31-35 Tioga 8,747 SF 100% Leased Office Building Tunkhannock, PA 18657 $549,492 CAD ($62.82 CAD/SF) 8.64% 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 (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$72,121
|
$8.25
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$72,121
|
$8.25
|
| Taxes |
$13,866
|
$1.59
|
| Operating Expenses |
$10,771
|
$1.23
|
| Total Expenses |
$24,638
|
$2.82
|
| Net Operating Income |
$47,483
|
$5.43
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $72,121 |
| Annual Per SF | $8.25 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $72,121 |
| Annual Per SF | $8.25 |
| Taxes (CAD) | |
|---|---|
| Annual | $13,866 |
| Annual Per SF | $1.59 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $10,771 |
| Annual Per SF | $1.23 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $24,638 |
| Annual Per SF | $2.82 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $47,483 |
| Annual Per SF | $5.43 |
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
$549,492 CAD
Price Per SF
$62.82 CAD
Cap Rate
8.64%
NOI
$47,483 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,374 SF
Building FAR
1.10
Lot Size
0.18 AC
Zoning
C - Town Commercial
Amenities
- 24 Hour Access
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 22-059.1-184-00-00-00-1 | Total Assessment | $73,290 CAD (2026) |
| Land Assessment | $17,156 CAD (2026) | Annual Taxes | $13,866 CAD ($1.59 CAD/SF) |
| Improvements Assessment | $56,134 CAD (2026) | Tax Year | 2024 |
Property Taxes
Parcel Number
22-059.1-184-00-00-00-1
Land Assessment
$17,156 CAD (2026)
Improvements Assessment
$56,134 CAD (2026)
Total Assessment
$73,290 CAD (2026)
Annual Taxes
$13,866 CAD ($1.59 CAD/SF)
Tax Year
2024
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31-35 Tioga
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