Multi-Building Retail
For Sale
$998,000
2990 Route 611, Tannersville, PA 18372
COMMERCIAL - Tannersville, PA
Property Size4,040 SF
Lot Size7.53 Acres
Price / SF$247.03
Days on Market1075
Property Features for 2990 Route 611
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C
Zoning description
Commercial
Parking
44
Parking features
Garage
Lot features
Corner Lot, Level, Near General Business, Near Central Business District
Elementary school district
Pocono Mountain
Middle school district
Pocono Mountain
High school district
Pocono Mountain
Directions
From PA-715 N Turn right onto PA-611 N. Property is located on the corner PA 611 and Warner Rd.
Standard status
Active
APN
12637204533933
Size
4,040 SF
Lot size
7.53 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
7458
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Baseboard
Cooling system
Wall Unit(s)
Water source
Public
Building Details
Year built
1923
Floors in Building
1
Number of units
2
Flooring type
Wood
Building materials
Aluminum Siding, Wood Siding
Roof type
Composition, Metal, Wood
Listing Agency:
EXP Realty LLC
(888) 397-7352
Listed By:
The Adriana Jez Team · License #263277
(570) 799-9235
Added: Sep 15, 2023
Changed: Aug 4
Last Checked: Aug 24 at 12:06PM
MLS# 234066
Copyright © 2026 Greater Scranton Board 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 multi-building retail property offers three distinct commercial buildings on a single site, presented under two separate deeds. The buildings are offered with ceiling heights up to 8 feet, and additional structures with ceiling heights reported in the 13- to 16-foot range. The property is also noted as having no overhead doors, supporting a traditional retail and office-style tenant fit.
The site is located at the corner of Route 611 and Warner Rd, with the listed addresses including 2990 Route 611 and 358 Warner Rd in Tannersville, PA. Zoning is designated as C.
Available for sale, the offering combines multiple buildings into one package, suitable for buyers looking to consolidate existing space or position the buildings for future retail or service use within a multi-building configuration.
The site is located at the corner of Route 611 and Warner Rd, with the listed addresses including 2990 Route 611 and 358 Warner Rd in Tannersville, PA. Zoning is designated as C.
Available for sale, the offering combines multiple buildings into one package, suitable for buyers looking to consolidate existing space or position the buildings for future retail or service use within a multi-building configuration.
Key Highlights
- Corner location at RT 611 and Warner Rd, with additional address listed as 2990 Route 611 & 358 Warner Rd.
- Commercial property with 3 distinct buildings on a 7‑acre parcel, under two separate deeds.
- Ceiling height range includes up to 8' and 13'–16', with no overhead door reported.
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
$45,559
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
4.57%
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%
$911,180
$911.2K
Cap Rate 7%
$650,843
$650.8K
Cap Rate 9%
$506,211
$506.2K
Market Conditions
NOI Build-Up for 4,040 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
$72.7K $18.00/SF
− Vacancy
−$7.6K −$1.89/SF
EGI
$65.1K $16.11/SF
− OpEx
−$19.5K −$4.83/SF
NOI
$45.6K $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%
$911,180
Cap Rate 7%
$650,843
Cap Rate 9%
$506,211
Alternative Uses
Best Use
Retail
$650.8K
$569.5K – $759.3K
NOI $45,559 @ 7.0% cap · market cap 4.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.21M
$1.06M – $1.41M
NOI $84,646 @ 7.0% cap · market cap 8.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
280
Businesses Nearby
58k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 52%
Dining 48%
Wawa
Shops & Services
22,257 visits/mo
0.1 miles
Dunkin' Donuts
Dining
12,480 visits/mo
0.4 miles
Friendly's Ice Cream
Dining
11,953 visits/mo
0.2 miles
Exxon
Shops & Services
5,416 visits/mo
0.4 miles
Valvoline Instant Oil Change
Shops & Services
1,895 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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Similar Off Market Nearby
- Tannersville Plaza — 256 Learn Rd, Tannersville, PA 18372
- Mechant's Plaza — 2937 pa-611, stroudsburg, pa 18360
Frequently Asked Questions
What type of property is this?
Shopping center - For sale multi-building retail property on a major corner with ceiling heights up to 8' and 13'-16'.
Where is this shopping center located?
The property is located at 2990 Route 611 Tannersville, PA.
What is the asking price?
The asking price for this property is $998,000.
What are key features of this property?
This property features: Corner location at RT 611 and Warner Rd, with additional address listed as 2990 Route 611 & 358 Warner Rd.; Commercial property with 3 distinct buildings on a 7‑acre parcel, under two separate deeds.; Ceiling height range includes up to 8' and 13'–16', with no overhead door reported.
