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42-44 Main St 8,047 SF 100% Leased Retail Building Dallas, PA 18612 $1,500,000 ($186.40/SF)
Investment Highlights
- 42-44 Main Street presents a freestanding, two-story, mixed-use building spanning 8,047 square feet at a highly visible four-way intersection.
- Prime investment opportunity to own a well-positioned and recently renovated (2026) income-producing asset catering to rental and commercial demand.
- Subject is along Memorial Highway’s commercial corridor, near neighbors such as Jersey Mike’s, Dunkin’, Wendy’s, Domino’s, and CVS Pharmacy.
- Ideally located between Main Street and Memorial Highway, visible to more than 15,100 daily passing vehicles, ideal for commercial exposure.
- Misericordia University (1 mile), enrolls approximately 2,200 students and contributes to the 10-mile spending power of more than $2.3B each year.
- Residential unit features include modern finishes throughout, such as stainless steel appliances, granite countertops, and hardwood flooring.
Executive Summary
Rebuilt with quality and longevity in mind, this property has undergone an extensive renovation featuring new structural framing, electrical systems, plumbing, mechanical upgrades, and numerous additional improvements, providing the benefits of modern construction while maintaining its prime downtown location.
Positioned within 1 mile of Misericordia University, the residential units are ideally situated to attract college students, faculty, and young professionals. Residents enjoy the convenience of being within walking distance of restaurants, shopping, entertainment, and local nightlife, making this one of the area’s most desirable locations.
Dallas, a neighborhood in northeastern Pennsylvania, is a tight-knit community with a well-established downtown. The downtown area was recently redone, and a traffic circle now marks the borough's center. Along the loop are local shops, restaurants, a public library, and the post office. Many college students contribute to heavy foot traffic during the academic year, adding to consumer demand and spending power.
With strong potential for residential and commercial income, exceptional renovation quality, and a highly walkable location, 42-44 Main Street presents a rare opportunity for investors seeking a turnkey, income-producing asset in a thriving community.
Property Facts
Amenities
- Signage
- Signalized Intersection
About I-81 Corridor
The I-81 Corridor, synonymous with the Scranton—Wilkes-Barre—Hazleton metropolitan area, boasts a diverse population that spans students, young professionals, families, and retirees. The number of residents has grown by 2.5% since 2019, to 568,000 in 2022, according to the U.S. Census Bureau, further bolstering demand for retail goods and services. The I-81 Corridor is often considered more affordable than larger metropolitan areas, making the region an attractive option for renters and homeowners looking for cost-effective living without sacrificing quality.
Mirroring its demographic diversity, the retail landscape in the I-81 Corridor region offers a mix of local boutiques, national chains, and unique shops that cater to diverse consumer preferences. Shopping centers like The Shoppes at Montage Mountain and Viewmont Mall anchor the region’s retail scene. Additionally, downtown Scranton and Dunmore Corners are walkable retail shopping districts with broad selections of consignment stores, gift shops, cafes, and restaurants.
Retail vacancy is historically low, logging a decade-long average of a mere 3.5%. The I-81 Corridor has maintained consistent retail demand, with little new retail construction over the years, which has kept the retail scene vibrant and stable.
Additionally, the I-81 Corridor has seen tremendous growth in its industrial sector, as several major national companies, including Procter & Gamble, Lowe’s, Samsung, and Amazon, have opened 1 million-square-foot warehouses here in recent years. Their presence has created more job opportunities to support a growing population.
Demographics
Demographics
Nearby Amenities
Restaurants |
|||
|---|---|---|---|
| Wendy's | - | - | 2 min walk |
| Pizza Bella | Pizza | $ | 3 min walk |
| Domino’s | - | - | 5 min walk |
| Shanghai Chinese Restaurant | - | - | 9 min walk |
| Leggio's Restaurant | Pizza | $$$ | 10 min walk |
| Dunkin' | Cafe | - | 11 min walk |
| Bagel Art Bakery | - | - | 11 min walk |
| Jersey Mike's Subs | - | - | 11 min walk |
| Peking Chef | - | - | 11 min walk |
| The Black Duck Grille | - | - | 11 min walk |
Retail |
||
|---|---|---|
| United States Postal Service | Business/Copy/Postal Services | 2 min walk |
| CVS Pharmacy | Drug Store | 4 min walk |
| Weis Markets | Supermarket | 8 min walk |
| Walgreens | Drug Store | 9 min walk |
| Eva Nails | Nail Salon | 11 min walk |
| Tomasino's | Specialty Foods | 11 min walk |
| The UPS Store | Business/Copy/Postal Services | 11 min walk |
| Hallmark (us) | Card/Gifts | 11 min walk |
| Dallas Cleaners | Laundry | 11 min walk |
| H&R Block | Acctg/Tax Prep | 11 min walk |
Property Taxes
| Parcel Number | 11-D8SW3-005-010 | Improvements Assessment | $118,100 |
| Land Assessment | $53,300 | Total Assessment | $171,400 |
Property Taxes
Sale Advisor
Sale Advisor
Rob Garrison, Owner
Contact the Sale Advisor
42-44 Main St