Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    501 Main St Honesdale, PA 18431

    Sponsored
    For Sale
    Pending
    $325,000

    COMMERCIAL - Honesdale, PA

    Lot size:
    0.04 Acres
    Days on Market:
    4
    Last Refresh:
    Jan 31 at 7:06 am

    Property Features for 501 Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Pending
    Rooms
    Basement
    APN
    11-0-0007-0022
    Parking features
    Off Street, On Street
    Exterior features
    Awning(s), Private Entrance
    Basement
    Unfinished, Full
    Lot size
    0.04 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Cooling system
    Wall/Window Unit(s), Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1950
    Floors in Building
    1
    Number of units
    1
    Building materials
    Stucco

    We can help!

    Listing Contact
    Megan Gustafson
    Megan Gustafson

    RE/MAX WAYNE (570) 253-9566

    Listing agent Megan Gustafson (570) 253-9566

    Listing date Jan 28, 2026

    MLS# PW-260092 Listing URL

    Copyright © 2026 Pike/Wayne Association 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.

    Learn more

    Property Insight Report

    Overview

    Prime Corner Lot on Main

    This commercial building is located in a visible and desirable downtown location in Honesdale, PA. Situated on a prominent corner lot along Main Street, the property offers exposure to vehicle and pedestrian traffic. The single-level layout provides flexibility for a range of uses, including retail, professional office space, studio, or food service. The corner setting creates storefront potential, while the surrounding downtown activity helps drive visibility. The property is located at 501 Main Street, Honesdale, PA 18431, in Wayne County. The lot size is 0.04 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Branko's Patisserie Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Honesdale Greenhouse & Flower Shop

    Location Insight

    • Map
    • Local Demand
    City
    Honesdale
    County
    Wayne
    State
    Pennsylvania
    Longitude
    -75.253939
    Latitude
    41.569578

    Nearby Similar for Sale

    • New
      $399,900
      Pending

      Two Commercial Buildings with Parking

      Two versatile commercial buildings in Honesdale's historic downtown.
      818 Court St, Honesdale, PA 18431
      View Details
    • $490,000
      2,946 SF

      Remodeled Duplex in Downtown Honesdale

      Turnkey, fully furnished duplex in downtown Honesdale, perfect for investors.
      1226 Dyberry Pl, Honesdale, PA 18431
      View Details
    • $279,000
      Pending

      Turn-Key Glamping Business on 9.26 Acres

      Glamping business on 9.26 acres with expansion potential.
      81 Bunting Rd, Honesdale, PA 18431
      View Details
    • $250,000
      2,700 SF

      Honesdale Duplex Bordering Deyberry Creek

      Charming, fully rented duplex in historic Honesdale near shops and parks.
      1797-1799 N Main St, Honesdale, PA 18431
      View Details
    • $750,000
      8,000 SF

      Honesdale Commercial Building For Sale

      8,000 sq ft commercial building with long-term tenants on 1+ acre.
      232 Sunrise Ave, Honesdale, PA 18431
      View Details
    • $349,000
      1,650 SF

      Honesdale Duplex with Income Potential

      Charming duplex in Honesdale near downtown and local schools.
      307 Grove St, Honesdale, PA 18431
      View Details
    • $250,000
      1.10 Acres

      Auto Shop on Roosevelt Highway

      Auto shop with highway frontage in Honesdale, Pennsylvania.
      2124 Roosevelt Hwy, Honesdale, PA 18431
      View Details
    • New
      $189,000
      0.03 Acres

      Established Consignment Boutique on Main

      Thriving consignment boutique business for sale in Honesdale, PA.
      903 Main St, Honesdale, PA 18431
      View Details
    • $269,000
      936 SF

      Honesdale Two-Family Income Property

      Income-producing two-family property with residential and commercial zoning.
      307 Willow Ave, Honesdale, PA 18431
      View Details
    • $269,000
      1,174 SF

      Honesdale Two-Family Mixed-Use Property

      Versatile property zoned for residential and commercial use.
      301 Willow Ave, Honesdale, PA 18431
      View Details
    • $295,000
      2,042 SF

      Charming Honesdale Triplex For Sale

      Fully rented 3-family home near hospital and Main Street.
      647 Park St, Honesdale, PA 18431
      View Details
    • $3,950,000
      28,978 SF

      NAPA Auto Portfolio For Sale

      NN portfolio featuring three properties leased to NAPA Auto Corp.
      180 Grandview Ave, Honesdale, PA 18431
      View Details

    FAQs

    What type of property is this?
    Storefront property - Visible downtown location suitable for retail or office use.
    Where is this storefront property located?
    The property is located at 501 Main St Honesdale, PA.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: - High-visibility corner lot on Main Street; - Flexible single-level layout suitable for various businesses; - Excellent storefront potential due to large street presence
    (570) 280-0377
    Request Owner's contact information
    501 Main St Honesdale, PA 18431
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    501 Main St
    Honesdale, PA 18431
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    501 Main St Honesdale, PA 18431
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Megan Gustafson
    Megan Gustafson
    Real Estate License ID: RS339199
    (570) 280-0377
    Learn more
    Google sign-in failed. Please try again or use another login method.