495 Johnson StWilkes-Barre Township, PA 18702

Property Details for 495 Johnson St

Year built

1980

Lot size

0.18 AC

Property size (Sq ft)

6,215 SF

Property type

Retail properties

Property subtype

Lifestyle centers

Description

This exceptional Wilkes-Barre Township, PA investment opportunity presents a fully occupied, 6,215 square foot Class B shopping center. Located at 495 Johnson St, 18702, this single-story, 5-unit retail property boasts a strong 100% occupancy rate with five tenants under NNN leases featuring annual rent increases. The property, built in 1980, sits on a 0.18-acre lot and benefits from excellent visibility and accessibility on a major thoroughfare, ensuring high traffic volume. Ample parking is available for customers and tenants. The asking price is $2,110,000, representing a compelling $339.50 per square foot and a 6.47% capitalization rate based on a Net Operating Income (NOI) of $136,488. A new roof will be installed before closing, eliminating any concerns regarding roof condition. The property is zoned C2 and offers a secure, long-term investment opportunity with established tenants and consistent income generation. This is a rare chance to acquire a well-maintained, high-performing retail asset in a desirable location. The property's strong financials and stable tenancy make it an ideal addition to any portfolio.

Location Insight

City

Wilkes-Barre Township

County

Luzerne

State

Pennsylvania

Latitude

41.2234

Longitude

-75.8805

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