Mixed-Use Property with
For Sale
$859,000
2523 Route 115, Effort, PA 18330
Three retail-facing spaces accompany a residential component in a multi-level building undergoing renovation.
Property Size5,436 SF
Lot Size5.66 Acres
Price / SF$158.02
Days on Market175
Property Features for 2523 Route 115
General Information
Standard status
Active
Size
5,436 SF
Lot size
5.66 Acres
Property subtype
Mixed Use
Additional Details
Mixed-Use Components
retail, residential
Taxes and HOA fees
Annual Taxes
$8,674
Building Details
Building Size
5,436 SF
Year Built
1902
Buildings
1
Listing Agency:
Forever Homes and Land Real Estate LLC
Listed By:
Anthony Romano, Jr · License #RM426220
(570) 269-3090
Source:
Leonrossbroker
Added: May 6
Changed: Oct 26
Last Checked: Oct 26 at 3:37PM
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 Forever Homes and Land Real Estate LLC
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Investment Insights
Based on property information with market context.
This mixed-use property combines three storefronts with a residential structure in a building dating to 1902. The 5,436-square-foot property is in varying stages of renovation and has a recently installed metal roof and a new septic system.
The site encompasses 5.66 acres along Route 115 in Effort, Pennsylvania, with a stream on the property.
The site encompasses 5.66 acres along Route 115 in Effort, Pennsylvania, with a stream on the property.
Key Highlights
- Three storefronts plus a residential structure
- 5.66‑acre property with a stream
- 5,436‑square‑foot building constructed in 1902
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,580
Cap Rate
7.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,291,600
$1.3M
Cap Rate 7%
$922,571
$922.6K
Cap Rate 9%
$717,556
$717.6K
Market Conditions
NOI Build-Up for 5,436 SF
Gross rent
$117.4K $21.60/SF
− Vacancy
−$14.1K −$2.59/SF
EGI
$103.3K $19.01/SF
− OpEx
−$38.7K −$7.13/SF
NOI
$64.6K $11.88/SF
Area
Monroe County, PA
Vacancy
12.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,291,600
Cap Rate 7%
$922,571
Cap Rate 9%
$717,556
Alternative Uses
Best Use
Mixed Use
$922.6K
$807.3K – $1.08M
NOI $64,580 @ 7.0% cap · market cap 7.52%
Second Best
Retail
$875.7K
$766.3K – $1.02M
NOI $61,302 @ 7.0% cap · market cap 7.14%
Theoretical Best
Office A
$1.63M
$1.42M – $1.90M
NOI $113,895 @ 7.0% cap · market cap 13.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
44
Businesses Nearby
4k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Exxon
Shops & Services
3,851 visits/mo
0.2 miles
Demographics for 18330, PA
8,351
Population
3,196
Households
2.6
Avg Household Size
42
Median Age
23%
College-Educated
94%
High-School Grad
14.5 sq mi
ZIP Area
576
Density / Sq Mi
$92,907
Median Household Income
$41,313
Median Earnings
$1,809
Median Rent
$251,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three retail-facing spaces accompany a residential component in a multi-level building undergoing renovation.
Where is this mixed-use property located?
The property is located at 2523 Route 115 Effort, PA.
What is the asking price?
The asking price for this property is $859,000.
What are key features of this property?
This property features: Three storefronts plus a residential structure; 5.66‑acre property with a stream; 5,436‑square‑foot building constructed in 1902
