2990 Route 611, Tannersville, PA 18372
COMMERCIAL - Tannersville, PA
- Added:
- Sep 15, 2023
- Days on Market:
- 1029
- Last Refresh:
- Jul 9 at 7:06 am
Property Features for 2990 Route 611
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- C
- Parking
- 44
- Parking features
- Garage
- Standard status
- Active
- APN
- 12637204533933
- Size
- 4,040 SF
- Lot size
- 7.53 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 7458
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Baseboard
- Cooling system
- Wall Unit(s)
- Water source
- Public
Building Details
- Year built
- 1923
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Wood
- Building materials
- Aluminum Siding, Wood Siding
- Roof type
- Composition, Wood, Metal
Listing agent The Adriana Jez Team (570) 799-9235
Listing office EXP Realty LLC 630 Freedom Business Center Drive Suite 300, Pittsburgh, PA (888) 397-7352
Listing date Sep 15, 2023
Copyright © 2026 Greater Scranton Board of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 7‑acre commercial property on the corner of Route 611 and Warner Rd, with 3 distinct commercial buildings under two separate deeds
- Located at 2990 Route 611 & 358 Warner Rd
- Ceiling heights up to 8' (also noted 13' to 16')
- Roofing includes composition, metal, and wood; exterior siding includes aluminum and wood
- Utilities: public water and public sewer
- Includes garage parking; no overhead door noted
Overview
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $72.7k | $18.00 |
| − Vacancy | −$2.9k | −$0.72 |
| EGI | $69.8k | $17.28 |
| − OpEx | −$17.5k | −$4.32 |
| NOI | $52.4k | $12.96 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Tannersville
- County
- Monroe
- State
- Pennsylvania
- Longitude
- -75.301445
- Latitude
- 41.029668
