Multi-Use Office
For Sale
$399,000
1121 Lackawanna Trail, Clarks Summit, PA 18411
Highway Commercial-zoned office property with reception, private offices, kitchen, and full bath.
Property Size1,560 SF
Lot Size1.14 Acres
Price / SF$263.19
Days on Market754
Property Features for 1121 Lackawanna Trail
General Information
Standard status
Active
Size
1,560 SF
Lot size
1.14 Acres
Property subtype
Mixed Use
Zoning
Highway Commercial
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$6,543
Amenities
reception area
offices
full kitchen
full bath
new heating system
central air
security system
interior temperature monitoring system
intercom
Building Details
Building Size
1,560 SF
Year Built
1950
Buildings
1
Listing Agency:
CLASSIC PROPERTIES
Listed By:
RUTH K HOLLANDER · License #RS126149A
(570) 313-4654
Source:
Luxehomesnepa
Added: Sep 28, 2024
Changed: Oct 20
Last Checked: Oct 19 at 3:26PM
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 CLASSIC PROPERTIES
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Investment Insights
Based on property information with market context.
The property is a 1950 office building on 1.14 acres at 100 Tourist Ave in Clarks Summit, Pennsylvania. Its layout includes a reception area, three offices, a full kitchen, and a full bath. Building systems include central air, a new heating system, a security system, interior temperature monitoring, and an intercom. A new roof with new underlayment was installed 12/25.
The site fronts 222 feet along routes 6 and 11, providing a prominent roadside position. Highway Commercial zoning applies to the property. The combination of office rooms, support areas, building systems, and an accessible commercial setting creates a practical configuration for office-related operations.
The site fronts 222 feet along routes 6 and 11, providing a prominent roadside position. Highway Commercial zoning applies to the property. The combination of office rooms, support areas, building systems, and an accessible commercial setting creates a practical configuration for office-related operations.
Key Highlights
- 1.14‑acre office property at 100 Tourist Ave, Clarks Summit, PA 18411
- 222 feet of road frontage along routes 6 and 11
- Highway Commercial zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,482
Cap Rate
4.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$389,640
$389.6K
Cap Rate 7%
$278,314
$278.3K
Cap Rate 9%
$216,467
$216.5K
Market Conditions
NOI Build-Up for 1,516 SF
Gross rent
$30.4K $20.04/SF
− Vacancy
−$4.4K −$2.91/SF
EGI
$26.0K $17.13/SF
− OpEx
−$6.5K −$4.28/SF
NOI
$19.5K $12.85/SF
Area
Lackawanna County, PA
Vacancy
14.50%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$389,640
Cap Rate 7%
$278,314
Cap Rate 9%
$216,467
Alternative Uses
Best Use
Office B
$278.3K
$243.5K – $324.7K
NOI $19,482 @ 7.0% cap · market cap 4.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$384.8K
$336.7K – $448.9K
NOI $26,935 @ 7.0% cap · market cap 6.75%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
73
Businesses Nearby
Explore this area
Business Placement
Demographics for 18411, PA
22,851
Population
9,375
Households
2.4
Avg Household Size
45
Median Age
51%
College-Educated
96%
High-School Grad
55.4 sq mi
ZIP Area
412
Density / Sq Mi
$96,471
Median Household Income
$51,224
Median Earnings
$1,253
Median Rent
$274,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Highway Commercial-zoned office property with reception, private offices, kitchen, and full bath.
Where is this office building located?
The property is located at 1121 Lackawanna Trail Clarks Summit, PA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 1.14‑acre office property at 100 Tourist Ave, Clarks Summit, PA 18411; 222 feet of road frontage along routes 6 and 11; Highway Commercial zoning
