5 Mountain MallShickshinny, PA 18655

Property Details for 5 Mountain Mall

Year built

1990

Lot size

1.25 AC

Property size (Sq ft)

23,187 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This 23,187 square foot shopping center in Shickshinny, Pennsylvania presents a compelling investment opportunity. Located on a 1.25-acre lot at 5 Mountain Mall, this single-story, 1990-built property boasts a strong tenant roster including a Family Dollar and a Chinese restaurant, with a significant amount of vacant space available for lease or owner-occupancy. The property features 100 parking spaces, three-phase electric loading docks, and a 15-foot clear height. The Family Dollar lease extends to April 30, 2033, while the Chinese restaurant lease has five years remaining with options for renewal. The substantial vacant space (approximately 14,000 square feet) offers significant potential for value-added improvements and increased rental income. The property's strategic location on a heavily traveled main street, near major businesses like Wells Fargo and CVS, ensures high visibility and accessibility. Convenient access to Routes 11 and 239 further enhances its appeal. The asking price is $1,950,000, representing a price per square foot of $84.10. The property is zoned as a Community Shopping Center and has an APN of 56-L4SE1-024-010. This is an exceptional opportunity to acquire a well-located retail property with significant upside potential.

Location Insight

City

Shickshinny

County

Luzerne

State

Pennsylvania

Latitude

41.1515

Longitude

-76.15

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