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Former Rite Aid 1650 Main St 11,153 SF Retail Building Olyphant, PA 18447 $1,700,000 ($152.43/SF) 10.24% Cap Rate
INVESTMENT HIGHLIGHTS
- Strong Real Estate Fundamentals
- Versatile Box for Medical, Service, or Retail Use
- Prime Signalized Corner Location | High-visibility site at the intersection of Main Street & W. Lackawanna Ave, with 22,000+ combined vehicles per day
- Freestanding retail building on a hard corner with excellent access, visibility, & a functional layout highly compatible with single-tenant backfills
EXECUTIVE SUMMARY
NNN Pro is pleased to present the exclusive listing for a Former Rite Aid located at 1650 Main Street, Olyphant, PA 18447. The site consists of roughly 11,153 rentable square feet of building space on an estimated 1.07-acre parcel of land.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
11,153 SF
Building Class
B
Year Built
1999
Price
$1,700,000
Price Per SF
$152.43
Cap Rate
10.24%
NOI
$174,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
1.07 AC
Frontage
81’ on Main Ave
AMENITIES
- Pylon Sign
- Signalized Intersection
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 11410070044 | Improvements Assessment | $115,000 |
| Land Assessment | $100,000 | Total Assessment | $215,000 |
PROPERTY TAXES
Parcel Number
11410070044
Land Assessment
$100,000
Improvements Assessment
$115,000
Total Assessment
$215,000
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Former Rite Aid | 1650 Main St
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