Personal Care Facility with Commercial
For Sale
$850,000
306 W Main Street, Pen Argyl, PA 18072
COMMERCIAL - Pen Argyl, PA
Property Size10,600 SF
Lot Size0.62 Acres
Price / SF$80.19
Days on Market113
Property Features for 306 W Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Basement
Full
Subdivision
Pen Argyl Borough
Standard status
Active
APN
5665-04-7781-5084
Size
10,600 SF
Lot size
0.62 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
Block: 3 /Lot: 3A /School District: 06-Pen Argyl Area
Tax Annual Amount
8870
Legal Description
Block: 3 /Lot: 3A /School District: 06-Pen Argyl Area
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Natural Gas, Central
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Building materials
Block, Brick
Roof type
Slate
Listing Agency:
TACM Commercial Realty Inc.
(570) 801-6170
Listed By:
Daniel Lichty · License #RS323839
(570) 801-6170
Added: Apr 10
Changed: Jul 28
Last Checked: Jul 31 at 6:06PM
MLS# PM-140774
Copyright © 2026 Pocono Mountains Association of Realtors. 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 full-service personal care facility is licensed for 25 beds and operates as a private-pay home. Housed in an all-brick building originally constructed as a former hospital and converted to personal care around 2007, the property includes a commercial kitchen, a large dining room, and many dens and sitting rooms designed for resident and family use. Room types vary, with a mix of private, semi-private, and shared rooms, and some rooms offer private baths while others use shared baths. The sale is described as including all furniture, fixtures, and equipment, along with an established, experienced staff for a smooth transition. Infrastructure for day-to-day operations is in place, including power, plumbing, heating, and laundry, and recent updates include new flooring, a new furnace, repainted areas, updated common areas, bathroom upgrades, kitchen renovation, new lighting, and additional electrical updates and minor repairs.
The facility is located conveniently within the community and is accessed from a nearby interstate, with major urban centers reportedly within about an hour. The property sits on approximately 0.62 acres and is described as a main building exceeding 10,000 square feet.
For operators, the existing layout and commercial kitchen support continued use as a personal care home. The remarks also note the opportunity to consider alternative multi-family living concepts, such as group homes or apartments, leveraging the property’s established infrastructure and adaptable room configurations. Current occupancy is reported as above 80%, with available rooms typically filled quickly.
The facility is located conveniently within the community and is accessed from a nearby interstate, with major urban centers reportedly within about an hour. The property sits on approximately 0.62 acres and is described as a main building exceeding 10,000 square feet.
For operators, the existing layout and commercial kitchen support continued use as a personal care home. The remarks also note the opportunity to consider alternative multi-family living concepts, such as group homes or apartments, leveraging the property’s established infrastructure and adaptable room configurations. Current occupancy is reported as above 80%, with available rooms typically filled quickly.
Key Highlights
- Gap View Personal Care Home licensed for 25 beds and operates on a private‑pay model.
- Main building over 10,000 SF in an all‑brick former hospital, converted to personal care around 2007 and used since.
- Set on approximately 0.63 acres with public water and public sewer.
Financial Insights For Apartment 5plus
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 | $127.2k | $12.00 |
| − Vacancy | −$9.9k | −$0.94 |
| EGI | $117.3k | $11.06 |
| − OpEx | −$52.8k | −$4.98 |
| NOI | $64.5k | $6.09 |
10,600 SF · lease $12.00/SF/yr · vacancy 7.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$921.5K
$806.3K – $1.08M
NOI $64,503 @ 7.0% cap · market cap 7.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.01M
$1.76M – $2.35M
NOI $140,734 @ 7.0% cap · market cap 16.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
245
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 18072, PA
6,734
Population
2,779
Households
2.4
Avg Household Size
43
Median Age
23%
College-Educated
87%
High-School Grad
14.9 sq mi
ZIP Area
452
Density / Sq Mi
$79,067
Median Household Income
$41,056
Median Earnings
$1,525
Median Rent
$244,100
Median Home Value
Questions? Ask Rey
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Similar Off Market Nearby
- Morning Star Manor Inc. — 306 w main st, pen argyl, pa 18072
Frequently Asked Questions
What type of property is this?
Assisted living facility - Licensed 25-bed personal care home in a converted all-brick former hospital with commercial kitchen and multiple common living areas.
Where is this assisted living facility located?
The property is located at 306 W Main Street Pen Argyl, PA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Gap View Personal Care Home licensed for 25 beds and operates on a private‑pay model.; Main building over 10,000 SF in an all‑brick former hospital, converted to personal care around 2007 and used since.; Set on approximately 0.63 acres with public water and public sewer.