Leased Two-Building
For Sale
$2,450,000
2889 Route 611, Tannersville, PA 18372
Commercial Sale, Tannersville, PA
Property Size15,214 SF
Lot Size1.54 Acres
Price / SF$161.04
Days on Market95
Property Features for 2889 Route 611
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-Commercial
Zoning description
Commercial
Parking features
Parking Lot, Garage
Security features
Security Lighting
Exterior features
Awning(s), Lighting, Rain Gutters
Accessibility
Accessible Approach with Ramp
Lot features
Few Trees, Level, Rectangular Lot, Paved, Close to Shopping, Near Public Transit, Near General Business, Near Complex
Elementary school district
Pocono Mountain
Middle school district
Pocono Mountain
High school district
Pocono Mountain
Directions
NYC: Take Hudson St. & I-78W to NJ-139WTake I-280W & I-80W to PA-33NTake Exit 299 to Tannersville off I-80WR @ rampGo thru 2 lightsBear R on Rte 611SProperty is .25mi on L. Philly:I-676W (Vine St ExWy) toward Int'l Airport/I-76/Valley ForgeStay on I-76 WTake Exit 331B to I-476NTake Exit 56 toward PA-309/Alllentown/I-78E to US-22EKeep L to PA-33NL on Rte 611SProperty is 2.8mi on R
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
Amenities
storage shed
large vertical signs
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: Sep 2
Last Checked: Sep 7 at 7:06PM
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 fully leased storefront property comprises two separate commercial buildings totaling 15,214 square feet on a 1.54-acre parcel. The improvements were built in 1964 and feature brick, vinyl siding, and frame construction, along with vinyl flooring, forced-air heat, central air, shingle roofing, and accessible ramp approach. A small storage shed is positioned near the rear of the lot. The property includes both a garage and parking lot, plus large vertical signs and exterior lighting.
The site fronts Route 611 and records a daily traffic count of 12,579, with 303 total square feet of road frontage as provided. I-80 eastbound and westbound access ramps and the Premium Shopping Outlets are nearby. Camelback Resort and Great Wolf Lodge are within a five-minute drive, while Kalahari is within a ten-minute drive. Public water and public sewer serve the property. The current NNN lease expires in March 2027.
The site fronts Route 611 and records a daily traffic count of 12,579, with 303 total square feet of road frontage as provided. I-80 eastbound and westbound access ramps and the Premium Shopping Outlets are nearby. Camelback Resort and Great Wolf Lodge are within a five-minute drive, while Kalahari is within a ten-minute drive. Public water and public sewer serve the property. The current NNN lease expires in March 2027.
Key Highlights
- 15,214 total square feet across two separate commercial buildings
- Fully leased with an NNN lease expiring March 2027
- 1.54‑acre site with 303 total square feet of road frontage along Route 611
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
$171,568
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
7.00%
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%
$3,431,360
$3.4M
Cap Rate 7%
$2,450,971
$2.5M
Cap Rate 9%
$1,906,311
$1.9M
Market Conditions
NOI Build-Up for 15,214 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
$273.9K $18.00/SF
− Vacancy
−$28.8K −$1.89/SF
EGI
$245.1K $16.11/SF
− OpEx
−$73.5K −$4.83/SF
NOI
$171.6K $11.28/SF
Area
Monroe County, PA
Vacancy
10.50%
Lease Rate
$18.00 /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%
$3,431,360
Cap Rate 7%
$2,450,971
Cap Rate 9%
$1,906,311
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
12,579 VPD
Traffic count
100%
Occupancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
401
Businesses Nearby
160k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 38%
Shops & Services 29%
Groceries 27%
Home Improvements & Furnishings 6%
Weis Markets
Groceries
38,369 visits/mo
0.4 miles
Wendy's
Dining
30,861 visits/mo
0.5 miles
Wawa
Shops & Services
22,257 visits/mo
0.4 miles
Dunkin' Donuts
Dining
12,480 visits/mo
0.1 miles
Friendly's Ice Cream
Dining
11,953 visits/mo
0.3 miles
Demographics for 18372, PA
2,673
Population
1,741
Households
1.5
Avg Household Size
45
Median Age
24%
College-Educated
82%
High-School Grad
7.7 sq mi
ZIP Area
347
Density / Sq Mi
$114,334
Median Household Income
$35,981
Median Earnings
$1,714
Median Rent
$306,400
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 - Two commercial buildings occupy a 1.54-acre site with public water and sewer and access to Route 611.
Where is this storefront property 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: 15,214 total square feet across two separate commercial buildings; Fully leased with an NNN lease expiring March 2027; 1.54‑acre site with 303 total square feet of road frontage along Route 611
