Commercial Building on Golden
For Sale
$850,000
606 Hamlin Hwy, Lake Ariel, PA 18436
Prime commercial building on the Golden Mile in Hamlin.
Property Size5,418 SF
Price / SF$156.88
Days on Market161
Property Features for 606 Hamlin Hwy
General Information
Standard status
Active
Size
5,418 SF
Taxes and HOA fees
Annual Taxes
$12,125
Listing Agency:
CENTURY 21 Select Group - Lake Ariel
(570) 689-2111
Listed By:
Joseph Sledzinski · License #RS276411
(570) 241-4940
Source:
Exprealty
Added: May 8
Changed: Oct 11
Last Checked: Oct 12 at 9:22PM
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 CENTURY 21 Select Group - Lake Ariel
Investment Insights
Based on property information with market context.
Located on the highly traveled Golden Mile in downtown Hamlin, this commercial building offers high visibility. The brick-faced property is configured to accommodate three separate businesses, with two operating spaces on the first floor and an additional business suite on the second floor. The layout provides flexibility and the potential to restructure for additional units or uses as needed. It features a new roof and a large blacktop parking lot. The property is located across from Weis Markets on Route 590. Its strategic location in one of the most desirable business districts makes it ideal for retail, professional offices, or service-based industries. This property presents a rare commercial opportunity on the Golden Mile in Lake Ariel, PA.
Key Highlights
- Prime commercial location on the highly traveled Golden Mile in downtown Hamlin, offering high visibility.
- Currently configured for three separate businesses, providing immediate income potential and layout flexibility.
- New roof and large blacktop parking lot, ensuring convenience for customers and reduced maintenance costs.**
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,990
Cap Rate
7.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,299,800
$1.3M
Cap Rate 7%
$928,429
$928.4K
Cap Rate 9%
$722,111
$722.1K
Market Conditions
NOI Build-Up for 5,418 SF
Gross rent
$97.5K $18.00/SF
− Vacancy
−$4.7K −$0.86/SF
EGI
$92.8K $17.14/SF
− OpEx
−$27.9K −$5.14/SF
NOI
$65.0K $12.00/SF
Area
Wayne County, PA
Vacancy
4.80%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,299,800
Cap Rate 7%
$928,429
Cap Rate 9%
$722,111
Alternative Uses
Best Use
Retail
$928.4K
$812.4K – $1.08M
NOI $64,990 @ 7.0% cap · market cap 7.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.32M
$1.16M – $1.54M
NOI $92,479 @ 7.0% cap · market cap 10.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
260
Businesses Nearby
67k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 56%
Shops & Services 43%
Electronics 1%
Weis Markets
Groceries
31,408 visits/mo
0.1 miles
Dollar Tree
Shops & Services
9,780 visits/mo
0.1 miles
Fine Wine & Good Spirits
Groceries
6,360 visits/mo
0.1 miles
Exxon
Shops & Services
5,609 visits/mo
0.5 miles
Valero Energy
Shops & Services
5,569 visits/mo
0.2 miles
Demographics for 18436, PA
13,576
Population
9,747
Households
1.4
Avg Household Size
51
Median Age
20%
College-Educated
92%
High-School Grad
98.8 sq mi
ZIP Area
137
Density / Sq Mi
$73,209
Median Household Income
$36,675
Median Earnings
$890
Median Rent
$222,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Storefront property - Prime commercial building on the Golden Mile in Hamlin.
Where is this storefront property located?
The property is located at 606 Hamlin Hwy Lake Ariel, 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: Prime commercial location on the highly traveled Golden Mile in downtown Hamlin, offering high visibility.; Currently configured for three separate businesses, providing immediate income potential and layout flexibility.; New roof and large blacktop parking lot, ensuring convenience for customers and reduced maintenance costs.**
