Multi-Building Shopping
379 South Main Street, Wilkes Barre, PA 18702
For Sale
Contact for pricing
A multi-building retail property with an expansion pad, installed utilities, and site preparation.
Property Size46,670 SF
Price / SF$96.42
Days on Market47
Property Features for 379 South Main Street
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Highway Access
Utilities to Site
Additional Details
Tenant in Place
Building Details
Buildings
Listing Agency:
The Clinical Group
Listed By:
Randy Horning · License #NJ 0791133
(201) 488-5800
Source:
Crexi
Added: Sep 24
Changed: Nov 8
Last Checked: Nov 8 at 5:26PM
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 The Clinical Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The shopping center comprises five buildings totaling approximately 46,670 square feet and is 88% occupied. An approximately 11,000-square-foot expansion pad has utilities installed and site preparation completed. Recent work includes replacement of two smaller building roofs and parking-lot LED lighting upgrades in 2024, followed by replacement of two larger roofs and parking-lot patching, sealing, and restriping in 2026. Weighted average tenant tenure is 3.87 years.
The property fronts South Main Street in Wilkes-Barre, Pennsylvania, with access to Interstates 81 and Routes 11 and 309. Major retailers, office users, healthcare providers, and established residential neighborhoods are nearby.
The property fronts South Main Street in Wilkes-Barre, Pennsylvania, with access to Interstates 81 and Routes 11 and 309. Major retailers, office users, healthcare providers, and established residential neighborhoods are nearby.
Key Highlights
- Five buildings with approximately 46,670 square feet of retail space
- 88% occupied; weighted average tenant tenure of 3.87 years
- Approximately 11,000‑square‑foot expansion pad with utilities installed and site preparation complete
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$388,108
Cap Rate
8.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,762,160
$7.8M
Cap Rate 7%
$5,544,400
$5.5M
Cap Rate 9%
$4,312,311
$4.3M
Market Conditions
NOI Build-Up for 46,670 SF
Gross rent
$616.0K $13.20/SF
− Vacancy
−$61.6K −$1.32/SF
EGI
$554.4K $11.88/SF
− OpEx
−$166.3K −$3.56/SF
NOI
$388.1K $8.32/SF
Area
Luzerne County, PA
Vacancy
10.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,762,160
Cap Rate 7%
$5,544,400
Cap Rate 9%
$4,312,311
Alternative Uses
Best Use
Retail
$5.54M
$4.85M – $6.47M
NOI $388,108 @ 7.0% cap · market cap 8.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$14.79M
$12.94M – $17.25M
NOI $1,034,954 @ 7.0% cap · market cap 23.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
88%
Occupancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,409
Businesses Nearby
58k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 62%
Groceries 28%
Dining 9%
Home Improvements & Furnishings 1%
Bravo Supermarkets
Groceries
16,213 visits/mo
0.1 miles
Dollar General
Shops & Services
8,525 visits/mo
0.2 miles
Turkey Hill Minit Market
Shops & Services
6,659 visits/mo
0.3 miles
Family Dollar
Shops & Services
5,901 visits/mo
0.1 miles
AutoZone
Shops & Services
5,877 visits/mo
0.4 miles
Demographics for 18702, PA
42,133
Population
19,738
Households
2.1
Avg Household Size
40
Median Age
23%
College-Educated
87%
High-School Grad
78.1 sq mi
ZIP Area
539
Density / Sq Mi
$54,892
Median Household Income
$36,911
Median Earnings
$971
Median Rent
$115,700
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Coin Cloud Bitcoin ATM — 402 S Main St, Wilkes-Barre, PA 18702
- Coin Cloud Bitcoin ATM — 62 S Main St, Wilkes-Barre, PA 18701
Frequently Asked Questions
What type of property is this?
Shopping center - A multi-building retail property with an expansion pad, installed utilities, and site preparation.
Where is this shopping center located?
The property is located at 379 South Main Street Wilkes Barre, PA.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Five buildings with approximately 46,670 square feet of retail space; 88% occupied; weighted average tenant tenure of 3.87 years; Approximately 11,000‑square‑foot expansion pad with utilities installed and site preparation complete
