Leased Retail Property with Two
2889 Route 611 Tannersville, PA 18372
For Sale
$2,450,000
COMMERCIAL - Tannersville, PA
Property Size15,214 SF
Lot Size1.54 Acres
Price / SF$161.04
Days on Market50
Property Features for 2889 Route 611
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- C-Commercial
- Parking features
- Parking Lot, Garage
- Security features
- Security Lighting
- Exterior features
- Awning(s), Lighting, Rain Gutters
- Accessibility
- Accessible Approach with Ramp
- Standard status
- Active
- APN
- 12637201466698
- Lot size
- 1.54 Acres
Taxes and HOA fees
- Tax Annual Amount
- 26442
Utilities
- Utilities
- Propane
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1964
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Vinyl
- Building materials
- Brick, Vinyl Siding, Frame
- Roof type
- Shingle
Listing Agency:
Davis R. Chant - Milford
(570) 296-7717
Listed By:
Dana Sheffer
(570) 703-3468
Added: Jun 5
Changed: Jun 16
Last Checked: Jul 24 at 9:06AM
MLS# PW-261801
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 for-sale commercial retail property consists of two separate buildings totaling 15,214 square feet, currently fully leased under NNN structure. The site is being operated as successful retail wholesale businesses, generating a combined total monthly income of $12,973.85. The annual NNN lease term is stated to expire in March of 2027. A small storage shed is also located near the rear of the lot, and the property includes exterior and interior space described as open and spacious, with large vertical signs included to support tenant branding. Public water and sewer services are available, and the property is sited on a 1.54-acre lot.
The property is located in Tannersville, Pennsylvania along highly traveled Route 611, with 303 total square feet of road frontage and a stated daily traffic count of 12,579. The listing notes that the site is seconds from the I-80 E/W access ramps and the Premium Shopping Outlets in Tannersville. Camelback Resort and Great Wolf Lodge are described as within a five-minute drive, and Kalahari is described as within a ten-minute drive.
For investors or owner-operators seeking a retail asset with a current income stream, this offering provides two buildings on a single lot, managed under NNN leases with an expiration date listed for March 2027. With established operations and supported signage, the property may align well with buyers looking for a turn-key, retail-oriented setup while evaluating lease roll timing and long-term tenant continuity.
The property is located in Tannersville, Pennsylvania along highly traveled Route 611, with 303 total square feet of road frontage and a stated daily traffic count of 12,579. The listing notes that the site is seconds from the I-80 E/W access ramps and the Premium Shopping Outlets in Tannersville. Camelback Resort and Great Wolf Lodge are described as within a five-minute drive, and Kalahari is described as within a ten-minute drive.
For investors or owner-operators seeking a retail asset with a current income stream, this offering provides two buildings on a single lot, managed under NNN leases with an expiration date listed for March 2027. With established operations and supported signage, the property may align well with buyers looking for a turn-key, retail-oriented setup while evaluating lease roll timing and long-term tenant continuity.
Key Highlights
- Fully leased commercial property with 15,214 total SF across two separate buildings
- NNN annual lease in place; lease expiration noted as March 2027
- Total monthly income of $12,973.85 from the two buildings
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $273.9k | $18.00 |
| − Vacancy | −$28.8k | −$1.89 |
| EGI | $245.1k | $16.11 |
| − OpEx | −$73.5k | −$4.83 |
| NOI | $171.6k | $11.28 |
15,214 SF · lease $18.00/SF/yr · vacancy 10.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.45M
$2.14M – $2.86M
NOI $171,568 @ 7.0% cap · market cap 7.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.55M
$3.98M – $5.31M
NOI $318,764 @ 7.0% cap · market cap 13.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
FAQs
What type of property is this?
Retail space - Fully leased NNN retail offering two buildings, public utilities, and strong road frontage along a heavily traveled corridor.
Where is this retail space located?
The property is located at 2889 Route 611 Tannersville, PA.
What is the asking price?
The asking price for this property is $2,450,000.
What are key features of this property?
This property features: Fully leased commercial property with 15,214 total SF across two separate buildings; NNN annual lease in place; lease expiration noted as March 2027; Total monthly income of $12,973.85 from the two buildings
