817-821 S Main Street Old Forge, PA $ 1,800,000
817-821 S Main Street
$ 1,800,000
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817-821 S Main Street

Old Forge, PA, 18518
$ 1,800,000
Baths0.0 Sq 11,100

Monthly Estimate*

$ 11,963

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Studio

Commercial Property for sale in Old Forge, PA

for $1,800,000. This 11,100 square foot building was built in 1940 on a lot size of 0.24.

Seize the chance to invest in a lucrative strip mall located in the heart of Old Forge. This exceptional property offers a diverse mix of tenants, ensuring a stable and reliable income stream. Fully rented and meticulously maintained, this strip mall promises an excellent return on investment. Old Forge a thriving community known for its steady growth and vibrant local economy. Fully rented with long-term leases, providing immediate and consistent cash flow. A series of established doctors' offices, ensuring high foot traffic and consistent demand. A well-known pharmacy catering to the healthcare needs of the community.One apartment, adding a residential aspect to the investment mix.The Two well-maintained buildings with modern amenities and facilities offering ample parking space available for tenants and visitors, enhancing convenience and accessibility. With all units currently leased, investors can expect a steady rental income.The combination of medical offices, a pharmacy, and a residential unit provides a balanced income stream and reduces risk. Situated in a strategic area of Old Forge, the property benefits from high visibility and easy access, contributing to tenant retention and consistent demand Detailed financials available upon request, showcasing a strong rental history and attractive yield. The property is located in a growth corridor, promising potential appreciation in value over time.

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Commercial Active

Price

$ 1,800,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 12,536

Style

Business

Lot Size

0.24

Year Built

1940

Town/City

Old Forge

County/Region

Lackawanna

MLS | Web ID

SC2530

Features
General
Sewer Public Sewer
Heating Forced Air Natural Gas
Cooling Central Air
Utilities Cable Connected Water Connected Sewer Connected Phone Available Natural Gas Connected Electricity Available
Possession Other
Roof Rubber
Zoning RT007
Construction Materials Other
Year Built 1940
Electric 200+ Amp Service
Stories 2
Levels Two
Property SubType Business
Tax Year 2024
Current Use Medical/Dental Strip Mall
Business Type Medical Professional/Office Office Supply
Community Features Sidewalks
Additional Parcels Description 18407020019
County Lackawanna
Property Type Commercial Sale
Possible Use Medical/Dental
Building Features Private Restrooms Window(s) Prime Location High Traffic Area Established Business
Status Active
Directions South on Main St. to the third traffic light property on the right.
City Old Forge
Buyer Agent Compensation 2.00
High School District Old Forge
Zoning Description Commercial
NumberOfUnitsTotal 6
Street Name Main
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 12536.06
Current Financing Other
Additional Parcels Y/N Y
Rent Control Y/N N
Availability Date 2024-05-14
Days on Market 0
Standard Status Active
Tax Assessed Value 54200
TaxOtherAnnualAssessmentAmount 54200
Buyer Agent Compensation Type %
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Interior
Flooring Other
Street Suffix Street
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Exterior
Fencing None
Parking Features Paved Parking Lot
Lot Features Level
Water Source Public
Building Area Total 11100
Lot Dimensions 52X196X50X211
Lot Size Acres 0.24
Road Surface Type Asphalt
Road Frontage Type City Street
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* Excluded Features
List By
Era One Source Realty

Broker

sunitaarora11@gmail.com

Email

Affordability Calculator

$13,008
Per Month
92%
8%
0%
Monthly Principal & Interest
$11,963
Monthly Property Taxes
$1,045
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2391707 Elementary School
2391714 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/15/2024$1,800,000 Listed Price

Map


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817-821 S Main Street, Old Forge, PA, 18518 is a Commercial Property for sale at $1,800,000 with 11,100 sqft and a lot size of 0.24. 817-821 S Main Street is a studio with 0.0 baths and was built in 1940. The property's zip code is 18518 which is in Old Forge, PA