Storefront Hair
For Sale
$299,000
107 Ridge St, Honesdale, PA 18431
Established salon property with on-site parking serving clients and staff.
Property Size1,200 SF
Price / SF$249.17
Days on Market101
Property Features for 107 Ridge St
General Information
Standard status
Active
Size
1,200 SF
Taxes and HOA fees
Annual Taxes
$3,723
Amenities
on-site parking
Listing Agency:
Davis R. Chant - Lake Wallenpaupack
(570) 226-4518
Listed By:
Debra K. Gunnip · License #RS317003
(570) 470-5365
Source:
Exprealty
Added: Jul 29
Changed: Oct 25
Last Checked: Nov 4 at 5:49PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Davis R. Chant - Lake Wallenpaupack
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Investment Insights
Based on property information with market context.
This 1,200 SF storefront property is currently configured as an established hair salon. On-site parking supports daily customer and employee access, while the existing layout provides a foundation for continued salon operations or future adaptation.
The property is located at 107 Ridge St in Honesdale, PA, just minutes from Main Street. Its current commercial setup may also suit professional services, boutique retail, specialty business, or other service-oriented uses, subject to applicable requirements.
The property is located at 107 Ridge St in Honesdale, PA, just minutes from Main Street. Its current commercial setup may also suit professional services, boutique retail, specialty business, or other service-oriented uses, subject to applicable requirements.
Key Highlights
- 1,200 SF storefront property
- Currently configured as an established hair salon
- On‑site parking for clients and staff
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,394
Cap Rate
4.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$287,880
$287.9K
Cap Rate 7%
$205,629
$205.6K
Cap Rate 9%
$159,933
$159.9K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$21.6K $18.00/SF
− Vacancy
−$1.0K −$0.86/SF
EGI
$20.6K $17.14/SF
− OpEx
−$6.2K −$5.14/SF
NOI
$14.4K $12.00/SF
Area
Wayne County, PA
Vacancy
4.80%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$287,880
Cap Rate 7%
$205,629
Cap Rate 9%
$159,933
Alternative Uses
Best Use
Retail
$205.6K
$179.9K – $239.9K
NOI $14,394 @ 7.0% cap · market cap 4.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$292.6K
$256.0K – $341.4K
NOI $20,483 @ 7.0% cap · market cap 6.85%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
826
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 18431, PA
12,602
Population
6,217
Households
2
Avg Household Size
47
Median Age
24%
College-Educated
90%
High-School Grad
134.8 sq mi
ZIP Area
93
Density / Sq Mi
$55,323
Median Household Income
$33,298
Median Earnings
$1,013
Median Rent
$222,000
Median Home Value
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Market
Properties on Market for Storefront properties in Wayne County
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Honesdale Greenhouse & Flower Shop — 1043 Main St, Honesdale, PA 18431
Frequently Asked Questions
What type of property is this?
Storefront property - Established salon property with on-site parking serving clients and staff.
Where is this storefront property located?
The property is located at 107 Ridge St Honesdale, PA.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 1,200 SF storefront property; Currently configured as an established hair salon; On‑site parking for clients and staff
