2819 Route 611Tannersville, PA 18372

Property Details for 2819 Route 611

Year built

1958

Construction

FRAME

Lot size

0.60 AC

Property size (Sq ft)

5,140 SF

Zone code

C

Property type

Retail properties

Property subtype

Retail space

APN

12.8.1.20

APU

128120

Description

This exceptional 1,300 square foot commercial space is available for lease at 2819 Route 611 in Tannersville, Pennsylvania. Boasting a prime location on a high-traffic section of Route 611, this property benefits from proximity to major resorts, shopping centers, and skiing opportunities, ensuring high visibility and potential customer traffic. The space is currently configured as a hair salon, offering an adaptable layout suitable for a variety of businesses. The open floor plan provides flexibility for customization to meet specific operational needs. The property includes ample parking, a significant advantage for both customers and employees. All utilities are readily available, with central water and sewer connections. Further enhancing the property's functionality is a washer and dryer located in the basement. The property sits on a 0.6-acre lot. The owner is planning to undertake some improvements to the property prior to lease commencement. This presents a unique opportunity for a business seeking a well-located, versatile space with significant potential for growth in a thriving tourist area. The asking lease price is $2300.

• CAP approach

  CAP return

  Valuation

  6%

  $1,876,978

  6.5%

  $1,732,595

  7%

  $1,608,838

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,703,789

  Geo Method

  $1,692,413

• Alternative Use

  Use

  Valuation

  Residential

  $1,461,509

  Hospitality

  $1,338,734

  Educational

  $1,113,811

  Medical

  $1,152,117

  Retail

  $1,732,595

Location Insight

City

Tannersville

County

Monroe

State

Pennsylvania

Latitude

41.0418

Longitude

-75.3064

CBSA code

20700

CBSA name

EAST STROUDSBURG, PA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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