Listing Agency: CBRE | Allentown j***@cbre.com Show Phone

Listed By: Jody King · License #PA Show Phone

Source: Cbre

Added: Mar 25 Changed: Jul 6 Last Checked: Aug 23 at 10:06AM

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Investment Insights

Based on property information with market context.

This commercial property features a 4,000-square-foot bank branch on a 0.10-acre lot. A convenient parking lot is located adjacent to the building. The property is situated in downtown Freeland, just outside of Hazleton, Pennsylvania. Its location offers proximity to Route 309 (approximately 4 miles) and is within 20 minutes of both I-80 and I-81. The surrounding area includes national retailers such as Walmart, Starbucks, CVS, Aldi, Turkey Hill, Dollar General, and Family Dollar.

Key Highlights

• Premium 4,000 SF commercial bank branch
• Convenient parking lot adjacent to the building
• Surrounded by national retailers: Walmart, Starbucks, CVS, Aldi, Turkey Hill, Dollar General, Family Dollar

Property Analytics

Property Profile

Current Use

Community Bank, N.A. Bank

Suggested Use

Top Pick Real Estate Agency HVAC Service Big Box & Wholesale Store (Bike/Boat/Book/etc) Store Carpet & Flooring Store Law Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

298

Businesses Nearby

11k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Dollar General Shops & Services

6,476 visits/mo 0.2 miles

Family Dollar Shops & Services

4,258 visits/mo 0.3 miles

Demographics for 18224, PA

6,377

Population

3,072

Households

2.1

Avg Household Size

42

Median Age

18%

College-Educated

93%

High-School Grad

14.3 sq mi

ZIP Area

446

Density / Sq Mi

$57,361

Median Household Income

$40,821

Median Earnings

$922

Median Rent

$114,900

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Bank - Premium 4,000 SF bank branch in downtown Freeland, PA.

Where is this bank located?

The property is located at 620 Centre Street Freeland, PA.

What are key features of this property?

This property features: Premium 4,000 SF commercial bank branch; Convenient parking lot adjacent to the building; Surrounded by national retailers: Walmart, Starbucks, CVS, Aldi, Turkey Hill, Dollar General, Family Dollar