817 Main StOld Forge, PA 18518

Property Details for 817 Main St

Lot size

0.25 AC

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

11320040071

APU

11320040071

Description

This exceptional 11,100 square foot medical strip mall in Old Forge, PA, presents a lucrative investment opportunity. The property, situated on a 0.24-acre lot at 817 S Main St, 18518, consists of two well-maintained buildings constructed in 1940 and zoned RT007. Currently boasting 100% occupancy across six units, the property features a diverse tenant mix including established medical offices, a pharmacy, and a residential apartment, creating a balanced and stable income stream. Long-term leases ensure consistent cash flow, with an asking price of $1,800,000 ($162.16/sq ft). Ample parking is available, enhancing convenience and accessibility for tenants and visitors. The prime location in a thriving community offers high visibility and easy access, contributing to tenant retention and strong demand. Detailed financial statements, showcasing a strong rental history and attractive yield, are available upon request. This property's strategic location within a growth corridor suggests potential for future appreciation. The combination of medical tenants and a residential unit minimizes risk and maximizes return.

• CAP approach

  CAP return

  Valuation

  6%

  $2,705,245

  6.5%

  $2,497,149

  7%

  $2,318,781

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,432,452

  Geo Method

  $1,422,887

• Alternative Use

  Use

  Valuation

  Residential

  $3,096,465

  Hospitality

  $2,836,345

  Educational

  $2,359,806

  Medical

  $2,440,963

  Retail

  $3,670,809

Location Insight

City

Dickson City

County

Lackawanna

State

Pennsylvania

Latitude

41.4608

Longitude

-75.6239

CBSA code

42540

CBSA name

SCRANTON--WILKES-BARRE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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