7 Pennsylvania Ave
Matamoras, PA 18336
Former Citizens Bank - Matamoras, PA · Retail Property For Sale

CBRE is pleased to present a vacant, free-standing retail building located at 7 Pennsylvania Avenue in Matamoras, PA (the “Property”) just minutes from New York and New Jersey. This Property is offered significantly below replacement cost and first bid meets reserve! This Property offers an exceptional owner/user or investment opportunity with significant value enhancement potential at a significant discount. The Property is comprised of one, free-standing, two-story building totaling ±5,661 SF. with usable basement. Positioned on ±0.86 AC, the Property offers abundant parking with 37 surface spaces and offers excellent visibility and access from 4 streets. The Property is zoned C-2, General Commercial, allowing for a variety of uses including retail, restaurant, office, medical office, etc. This absolute auction gives potential investors the ability to acquire a free-standing retail building with significant value add through long term lease up, adaptive reuse, or repositioning. The Property is located within the West Mobile Submarket at the corner of Pennsylvania Avenue and Delaware Street. The Property offers excellent accessibility and is located just a 3 minute drive to Port Jervis Commuter Rail (Bergen County/Port Jervis, Main/Port Jervis Lines) and features a Walk Score ® of Somewhat Walkable (64). The Property is located in a dense area and benefits from compelling demographics. In 2019, the Property had approximately ±20,884 individuals residing within a five-mile radius with an average household income of ±$70,444. This absolute auction gives potential investors the ability to acquire a free-standing retail building with significant value enhancement opportunities at a significant discount.