Remodeled Storefront
New
For Sale
$599,000
1610 Purdytown Turnpike, Hawley, PA 18428
Commercial Sale, Hawley, PA
Property Size3,000 SF
Lot Size0.22 Acres
Price / SF$199.67
Days on Market4
Property Features for 1610 Purdytown Turnpike
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
Commercial
Lot features
Paved
Elementary school district
Wallenpaupack School District
Middle school district
Wallenpaupack School District
High school district
Wallenpaupack School District
Directions
Located on the intersection of Rt6 and 590 at the North end of Lake Wallenpaupack in Hawley PA
Standard status
Active
APN
18-0-0295-0026
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
4042
Utilities
Sewer type
Public Sewer
Heating system
Ductless (Heating)
Cooling system
Ductless
Water source
Private
Amenities
paved parking
convenient access to major roadways
Building Details
Year built
1975
Floors in Building
1
Flooring type
Vinyl
Building materials
T1-11
Roof type
Shingle
Listing Agency:
Davis R. Chant - Lake Wallenpaupack
(570) 226-4518
Listed By:
Ryan Edwards · License #RS355814
(570) 470-2692
Added: Sep 4
Changed: Sep 7
Last Checked: Sep 7 at 8:06PM
MLS# PW-263131
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.
Investment Insights
Based on property information with market context.
This storefront property includes a commercial building constructed in 1975 with a remodeled interior, new shingle roof, vinyl flooring, and ductless heating and cooling. The site is served by public sewer and a private well, with paved parking available for customers and visitors.
The property sits near the intersection of Route 6 and Route 590 at the north end of Lake Wallenpaupack. Reported traffic exceeds 10,000 vehicles per day, and the location provides access to major roadways. The offering includes a 0.22-acre deeded parcel with the building and a separate 0.38-acre parcel providing additional parking under a license agreement with Brookfield.
The property sits near the intersection of Route 6 and Route 590 at the north end of Lake Wallenpaupack. Reported traffic exceeds 10,000 vehicles per day, and the location provides access to major roadways. The offering includes a 0.22-acre deeded parcel with the building and a separate 0.38-acre parcel providing additional parking under a license agreement with Brookfield.
Key Highlights
- Storefront commercial property at the intersection of Route 6 and Route 590
- 0.22‑acre deeded parcel includes the building
- Additional 0.38‑acre parking parcel under a license agreement with Brookfield
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
$38,678
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
6.46%
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%
$773,560
$773.6K
Cap Rate 7%
$552,543
$552.5K
Cap Rate 9%
$429,756
$429.8K
Market Conditions
NOI Build-Up for 3,000 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
$54.0K $18.00/SF
− Vacancy
−$2.4K −$0.81/SF
EGI
$51.6K $17.19/SF
− OpEx
−$12.9K −$4.30/SF
NOI
$38.7K $12.89/SF
Area
Wayne County, PA
Vacancy
4.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
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%
$773,560
Cap Rate 7%
$552,543
Cap Rate 9%
$429,756
Alternative Uses
Best Use
Specialty Retail
$552.5K
$483.5K – $644.6K
NOI $38,678 @ 7.0% cap · market cap 6.46%
Second Best
Retail
$514.1K
$449.8K – $599.8K
NOI $35,986 @ 7.0% cap · market cap 6.01%
Theoretical Best
Office A
$731.5K
$640.1K – $853.4K
NOI $51,206 @ 7.0% cap · market cap 8.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
10,000 VPD
Traffic count
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
163
Businesses Nearby
42k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 54%
Shops & Services 46%
Lake Region IGA and The Beer Store
Groceries
17,033 visits/mo
0.2 miles
Turkey Hill Minit Market
Shops & Services
14,324 visits/mo
0.5 miles
Fine Wine & Good Spirits
Groceries
5,759 visits/mo
0.3 miles
Wells Fargo
Shops & Services
2,954 visits/mo
0.2 miles
Wayne Bank
Shops & Services
1,759 visits/mo
0.2 miles
Demographics for 18428, PA
12,314
Population
9,606
Households
1.3
Avg Household Size
52
Median Age
30%
College-Educated
95%
High-School Grad
151.1 sq mi
ZIP Area
81
Density / Sq Mi
$75,463
Median Household Income
$37,573
Median Earnings
$1,195
Median Rent
$263,300
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?
Storefront property - Commercial building with a new roof, updated interior, paved parking, and access to public sewer and a private well.
Where is this storefront property located?
The property is located at 1610 Purdytown Turnpike Hawley, PA.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Storefront commercial property at the intersection of Route 6 and Route 590; 0.22‑acre deeded parcel includes the building; Additional 0.38‑acre parking parcel under a license agreement with Brookfield
