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    903 Main St Honesdale, PA 18431

    View on Map
    Sponsored
    For Sale
    $189,000

    COMMERCIAL - Honesdale, PA

    Type:Retail
    Lot size:
    0.03 Acres
    Days on Market:
    45
    Last Refresh:
    Mar 16 at 7:06 pm

    Property Features for 903 Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    Security features
    Security
    Zoning
    Commercial
    Rooms
    Basement
    APN
    11-0-0005-0022
    Parking features
    On Street
    Exterior features
    Awning(s)
    Basement
    Full, Unfinished
    Lot size
    0.03 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1900
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Hardwood

    We can help!

    Listing Contact
    Jeremy J Watson
    Jeremy J Watson

    Park Place Real Estate (570) 307-7275

    Listing agent Jeremy J Watson (570) 352-5162

    Listing date Jan 30, 2026

    MLS# PW-260162 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

    Established Consignment Boutique on Main

    Finders Keepers Consignment Boutique, a well-established business, is located on Main Street in Historic Honesdale. This consignment boutique has been a destination for clothing and customer service for over 15 years, earning a loyal client base. The business has been voted Best Consignment Shop for years by the River Reporter. Positioned in a walkable downtown corridor, Finders Keepers benefits from foot traffic, community support, and a reputation. The shop is known for its curated inventory, inviting atmosphere, and consignment relationships. This offering presents a turn-key, profitable business opportunity. While no real estate is included in the sale, the business itself is fully operational and ready for transition. All fixtures, inventory, business name, point-of-sale systems, and operational assets will convey, allowing a new owner to continue operations. The business offers an opportunity to own a piece of Honesdale's downtown charm and commercial success.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Finders Keepers Consignment ... Clothing & Fashion Store Masters Martial Arts ... Theater & Performing Art Venue

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    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
    -75.256156
    Latitude
    41.573645

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    FAQs

    What type of property is this?
    Storefront property - Thriving consignment boutique business for sale in Honesdale, PA.
    Where is this storefront property located?
    The property is located at 903 Main St Honesdale, PA.
    What is the asking price?
    The asking price for this property is $189,000.
    What are key features of this property?
    This property features: - Well-established, profitable consignment boutique with a 15+ year history and a loyal customer base; - Turn-key business opportunity including all fixtures, inventory, business name, point-of-sale systems, and operational assets; - Located on Main Street in Historic Honesdale, benefiting from high visibility and consistent foot traffic
    (570) 352-5162
    Request Owner's contact information
    903 Main St Honesdale, PA 18431
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    Honesdale, PA 18431
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    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
    903 Main St Honesdale, PA 18431
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    We can help!
    Listing Contact
    Jeremy J Watson
    Jeremy J Watson
    Real Estate License ID: RM425357
    (570) 352-5162
    Learn more
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