2261 Sans Souci PkwyWilkes-Barre, PA 18706

Property Details for 2261 Sans Souci Pkwy

Lot size

5.16 AC

Property type

Car washes

APN

25-J8-00A-04A

APU

25J800A04A

Description

Hanover Mall, a thriving 112,826 square foot grocery-anchored retail center, presents a compelling investment opportunity in Wilkes-Barre, PA. This strategically located strip center boasts a strong tenant mix, including prominent names like Gerrity's Supermarkets, Domino's, Dollar General, and Goodwill, ensuring consistent foot traffic and brand recognition. Four spaces are currently available, ranging from 4,025 to 22,000 square feet, offering flexibility for a variety of uses. Ideal for medical, retail, or service-oriented businesses, these spaces are adaptable to diverse needs. The property features ample parking, catering to the convenience of both tenants and customers. Situated on Sans Souci Parkway with convenient access to Route 11, Hanover Mall benefits from excellent visibility and accessibility, drawing customers from a wide geographic area. The property sits on a sizable 12.47-acre lot, zoned C-2. The Net Net Net (NNN) charges are competitively priced at $2.50 per square foot. The property's APN is 25-J8S4 -002-08A-000, located in Luzerne County. This is an exceptional opportunity to secure a prime retail space within a well-established and successful shopping center.

• CAP approach

  CAP return

  Valuation

  6%

  $50,999,076

  6.5%

  $47,076,072

  7%

  $43,713,496

• Comparable approach

  Method

  Valuation

  Relative Method

  $43,432,852

  Geo Method

  $74,008,488

• Alternative Use

  Use

  Valuation

  Residential

  $39,710,428

  Hospitality

  $36,374,536

  Educational

  $30,263,188

  Medical

  $31,303,986

  Retail

  $47,076,072

Location Insight

City

Hanover Township

County

Luzerne

State

Pennsylvania

Latitude

41.2107

Longitude

-75.9711

CBSA code

42540

CBSA name

SCRANTON--WILKES-BARRE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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