Commercial Land With Small
For Sale
$139,900
Pending
1340 W Front St, Berwick, PA 18603
Parcel includes a compact structure that can be adapted for varied commercial uses.
Property Size743 SF
Days on Market698
Property Features for 1340 W Front St
General Information
Standard status
Pending
Size
743 SF
Taxes and HOA fees
Annual Taxes
$2,017
Listing Agency:
PRO Real Estate Services, Inc.
(570) 784-4499
Listed By:
MARK E HUMPHREYS · License #RM425322
(570) 784-4499
Source:
Exprealty
Added: Sep 12, 2024
Changed: Aug 9
Last Checked: Aug 9 at 4:36PM
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 PRO Real Estate Services, Inc.
Investment Insights
Based on property information with market context.
This commercial land offering includes a small building with a flexible layout described as adaptable for different business needs. The property may accommodate redevelopment, expansion, or continued use of the existing structure, subject to applicable approvals and site requirements.
Located at 1340 W Front St in Berwick, PA, the parcel is described as having street frontage and exposure in a high-traffic commercial setting. Potential applications identified for the property include retail, office, and other commercial uses.
Located at 1340 W Front St in Berwick, PA, the parcel is described as having street frontage and exposure in a high-traffic commercial setting. Potential applications identified for the property include retail, office, and other commercial uses.
Key Highlights
- Commercial land at 1340 W Front St, Berwick, PA
- Includes a small existing building
- Building can be adapted for varied commercial uses
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$10,398
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.43%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$207,960
$208.0K
Cap Rate 7%
$148,543
$148.5K
Cap Rate 9%
$115,533
$115.5K
Market Conditions
NOI Build-Up for 743 SF
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.
Gross rent
$15.6K $21.00/SF
− Vacancy
−$749 −$1.01/SF
EGI
$14.9K $19.99/SF
− OpEx
−$4.5K −$6.00/SF
NOI
$10.4K $13.99/SF
Area
Columbia County, PA
Vacancy
4.80%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$207,960
Cap Rate 7%
$148,543
Cap Rate 9%
$115,533
Alternative Uses
Best Use
Retail
$148.5K
$130.0K – $173.3K
NOI $10,398 @ 7.0% cap · market cap 7.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$249.1K
$218.0K – $290.6K
NOI $17,438 @ 7.0% cap · market cap 12.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
516
Businesses Nearby
64k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 70%
Dining 30%
Dunkin' Donuts
Dining
16,143 visits/mo
0.2 miles
Dollar Tree
Shops & Services
14,269 visits/mo
0.4 miles
Turkey Hill Minit Market
Shops & Services
11,390 visits/mo
0.1 miles
Dollar General
Shops & Services
11,130 visits/mo
0.4 miles
AutoZone
Shops & Services
4,613 visits/mo
0.4 miles
Demographics for 18603, PA
18,728
Population
9,235
Households
2
Avg Household Size
45
Median Age
18%
College-Educated
90%
High-School Grad
53.4 sq mi
ZIP Area
351
Density / Sq Mi
$55,969
Median Household Income
$40,323
Median Earnings
$789
Median Rent
$164,500
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Parcel includes a compact structure that can be adapted for varied commercial uses.
Where is this commercial land located?
The property is located at 1340 W Front St Berwick, PA.
What is the asking price?
The asking price for this property is $139,900.
What are key features of this property?
This property features: Commercial land at 1340 W Front St, Berwick, PA; Includes a small existing building; Building can be adapted for varied commercial uses
