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2889 PA-611 15,214 SF 100% Leased Retail Building Tannersville, PA 18372 $2,450,000 ($161.04/SF) 12% Cap Rate
Investment Highlights
- Fully leased Income-Generating Property
- Room to Grow
- High Daily Traffic Count Location
Executive Summary
15,214 total square feet of Commercial space fully leased. Property includes two separate buildings generating a total monthly income of $14,900 and operating on NNN month to month lease. Property is currently being utilized for retail sales. Additional small storage shed on-site near rear of lot. Top location! Seconds from the I-80 E/W access ramps and the Premium Shopping Outlets in Tannersville! Camelback Resort and Great Wolf Lodge are both located within a five minute drive and Kalahari is within a ten minute drive from this well maintained Commercial site. 1.54 Acre lot with 303 total square feet of road frontage along highly traveled Route 611 with a Daily Traffic Count of 12,579! The exterior and interior of this Commercial property provide an open, spacious plot and floor plan allowing for endless possibilities! Public Water and Sewer. Large, vertical signs included to showcase your businesses!!
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
15,214 SF
Year Built
1964
Price
$2,450,000
Price Per SF
$161.04
Cap Rate
12%
NOI
$294,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
1.54 AC
Zoning
Commercial
Frontage
303’ on Route 611
Amenities
- Air Conditioning
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
1 of 23
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2889 PA-611
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