817 Main StOld Forge, PA 18518

For Sale
$1,800,000

100% Occupied, High-Yield Investment

Overview

Added:
Dec 11, 2024
Days on market:
93
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.

Highlights

  • Prime Old Forge strip mall investment opportunity with diverse, stable tenant mix.
  • Fully leased with long-term leases ensuring immediate cash flow.
  • Anchored by established medical offices and a pharmacy, driving high foot traffic.
  • Includes a residential apartment, diversifying income streams.
  • Two well-maintained buildings with ample parking.
  • High visibility location in a growth corridor, promising strong ROI and appreciation.

Property Details for 817 Main St

Property type
Lifestyle centers, Power centers
Square Feet
11,100 SF
Year Built
1940
Lot Size (sq. ft)
10,454 SF
Units
6

Location Insight

City
Old Forge
County
Lackawanna
State
Pennsylvania
Latitude
41.362858
Longitude
-75.7427258
817 Main St, Old Forge, Pennsylvania

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817 Main St
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