Multi-Tenant Commercial Property in Old
817 - 821 S Main Street Old Forge, PA 18518
817 - 821 S Main Street, Old Forge, PA, 18518
$1,250,000
For Sale
$1,250,000
COMMERCIAL - Old Forge, PA
Property Size10,800 SF
Lot Size0.60 Acres
Price / SF$115.74
Days on Market56
Property Features for 817 - 821 S Main Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- C-1 Main St Com
- Parking
- 28
- Standard status
- Active
- APN
- 18407020019
- Size
- 10,800 SF
- Lot size
- 0.60 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 59X144x67x130 W-05 B-0060 L-0010 P-00000
- Tax Annual Amount
- 17856
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Gas (Cooling), Central Air
Building Details
- Year built
- 2006
- Floors in Building
- 1
- Number of units
- 6
- Flooring type
- Vinyl, Carpet
- Building materials
- Vinyl Siding
- Roof type
- Asphalt
Listing agency
Christian Saunders Real Estate
(800) 372-4222
Listed by
Marilee Barone · License #AB067373
(570) 430-0141
Added: May 29 Updated: Jul 12 at 2:33AM Checked: Jul 23 at 12:06AM
MLS# SC262501
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.
Investment Insights
Based on property information with market context.
This well-maintained multi-tenant commercial property in Old Forge, PA, presents a cash-flowing investment opportunity with additional upside potential. The property includes two buildings. Building #1 is a 7,200 square foot single-story medical office building. It is currently occupied by a pharmacy and two medical practices. One vacant suite is available for lease, offering immediate value-add potential. Building #2 is a 3,600 square foot mixed-use building. The front portion is occupied by a retail/optometrist office, and the rear features a one-bedroom apartment, providing additional rental income. The current owner pays the real estate taxes. Suite 3 in Building #1 is available for occupancy, presenting an owner-user opportunity. The existing optometrist tenant is willing to relocate to this suite, allowing a purchaser to occupy the retail space in Building #2 while maintaining rental income from the remaining tenants. The property is zoned C-1 Main St Com and sits on a 0.6-acre lot. This property offers a combination of established tenancy and income generation.
Key Highlights
- Multi‑tenant commercial property with two buildings and mixed‑use income, built in 2006
- Building #1: 7,200 SF single‑story medical office with pharmacy and two medical practices; one vacant suite available for lease
- Building #2: 3,600 SF mixed‑use building with retail/optometrist office plus a 1‑bedroom apartment for additional rental income
Local Financial Insights For 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 | $162.0k | $15.00 |
| − Vacancy | −$17.0k | −$1.58 |
| EGI | $145.0k | $13.43 |
| − OpEx | −$43.5k | −$4.03 |
| NOI | $101.5k | $9.40 |
10,800 SF · lease $15.00/SF/yr · vacancy 10.50% · expense 30.00%
Alternative Uses
Best Use
Office B
$1.98M
$1.73M – $2.31M
NOI $138,787 @ 7.0% cap · market cap 11.10%
Second Best
Healthcare Medical
$1.82M
$1.59M – $2.12M
NOI $127,359 @ 7.0% cap · market cap 10.19%
Theoretical Best
Office A
$2.74M
$2.40M – $3.20M
NOI $191,887 @ 7.0% cap · market cap 15.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Medical Office Space
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FAQs
What type of property is this?
Medical Office Space - Well-maintained commercial property with income and upside potential in Old Forge.
Where is this medical office space located?
The property is located at 817 - 821 S Main Street Old Forge, PA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Multi‑tenant commercial property with two buildings and mixed‑use income, built in 2006; Building #1: 7,200 SF single‑story medical office with pharmacy and two medical practices; one vacant suite available for lease; Building #2: 3,600 SF mixed‑use building with retail/optometrist office plus a 1‑bedroom apartment for additional rental income
