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817 - 821 S Main Street 2 Properties Offered at $1,250,000 in Old Forge, PA
Investment Highlights
- Two-building commercial asset with diversified income from medical, retail, and residential uses.
- Immediate value-add through leasing a vacant medical suite or owner-user occupancy.
- Current ownership pays real estate taxes, improving net operating income.
- Stable cash flow from long-term pharmacy and medical tenants with room for further upside.
- Frontage along South Main Street with strong local visibility and accessibility.
Executive Summary
Cash-flowing investment opportunity in the heart of Old Forge, PA. This well-maintained, two-building property delivers diversified income streams from established tenants and strong occupancy trends with room for additional upside. Building #1 is a 7,200 SF single-story medical office building anchored by a pharmacy and two long-standing medical practices. One suite is currently vacant, creating immediate potential for value-add leasing or owner-user occupancy.
Building #2 features 3,600 SF of mixed-use space, including a street-front retail/optometrist office complemented by a rear one-bedroom apartment for added rental income. Both buildings benefit from prominent frontage on South Main Street and convenient access to major regional corridors, supporting steady tenant demand and market stability.
The existing tenancy provides predictable cash flow, while the available suite in Building #1 appeals to medical or professional users seeking prime positioning within an established healthcare hub. Additionally, owner-investors can capitalize further by occupying retail space in Building #2, with flexibility supported by tenant willingness to relocate. Real estate taxes are currently covered by ownership, enhancing net operating efficiency. This unique combination of medical, retail, and residential elements makes the property attractive for investors focused on durable income with expansion potential.
Building #2 features 3,600 SF of mixed-use space, including a street-front retail/optometrist office complemented by a rear one-bedroom apartment for added rental income. Both buildings benefit from prominent frontage on South Main Street and convenient access to major regional corridors, supporting steady tenant demand and market stability.
The existing tenancy provides predictable cash flow, while the available suite in Building #1 appeals to medical or professional users seeking prime positioning within an established healthcare hub. Additionally, owner-investors can capitalize further by occupying retail space in Building #2, with flexibility supported by tenant willingness to relocate. Real estate taxes are currently covered by ownership, enhancing net operating efficiency. This unique combination of medical, retail, and residential elements makes the property attractive for investors focused on durable income with expansion potential.
Property Facts
| Price | $1,250,000 | Number of Properties | 2 |
| Price / SF | $115.74 / SF | Individually For Sale | 0 |
| Cap Rate | 9% | Total Building Size | 10,800 SF |
| Sale Type | Investment | Total Land Area | 0.39 AC |
| Status | Active |
| Price | $1,250,000 |
| Price / SF | $115.74 / SF |
| Cap Rate | 9% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 10,800 SF |
| Total Land Area | 0.39 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Building #1
821 S Main St, Old Forge, PA 18518 |
Office | 7,200 SF | 2000 | - |
|
Building #2
817 S Main St, Old Forge, PA 18518 |
Retail | 3,600 SF | - | - |
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817 - 821 S Main Street