Storefront
For Sale
$2,275,000
639 Hamlin Highway, Lake Ariel, PA 18436
Located in a Pennsylvania community serving both year-round residents and seasonal visitors.
Property Size14,673 SF
Days on Market82
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Property Features for 639 Hamlin Highway
General Information
Standard status
Active
Size
14,673 SF
Property subtype
Retail - Street Retail
Building Details
Building Size
14,673 SF
Year Built
2009
Listing Agency:
Encore Real Estate Investment Services
Listed By:
Michael Gaggo · License #6501381426
(248) 702-0287
Source:
Commercialcafe
Added: Jul 26
Changed: Oct 2
Last Checked: Oct 14 at 8:41PM
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 Encore Real Estate Investment Services
Investment Insights
Based on property information with market context.
This storefront property was constructed in 2009 and is located at 639 Hamlin Highway in Lake Ariel, Pennsylvania. The surrounding community serves permanent residents as well as seasonal visitors drawn to the Pocono Mountains region.
Lake Ariel is in Wayne County and offers access to boating, fishing, hiking, camping, skiing, and golfing. Nearby Lake Wallenpaupack supports additional recreational activity, while established residential communities contribute to the area’s year-round and seasonal population. The community includes local retailers, restaurants, healthcare providers, and schools, with regional access toward Scranton and other employment centers.
Lake Ariel is in Wayne County and offers access to boating, fishing, hiking, camping, skiing, and golfing. Nearby Lake Wallenpaupack supports additional recreational activity, while established residential communities contribute to the area’s year-round and seasonal population. The community includes local retailers, restaurants, healthcare providers, and schools, with regional access toward Scranton and other employment centers.
Key Highlights
- Constructed in 2009
- 639 Hamlin Highway, Lake Ariel, PA 18436
- Located in Wayne County, Pennsylvania
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$176,006
Cap Rate
7.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,520,120
$3.5M
Cap Rate 7%
$2,514,371
$2.5M
Cap Rate 9%
$1,955,622
$2.0M
Market Conditions
NOI Build-Up for 14,673 SF
Gross rent
$264.1K $18.00/SF
− Vacancy
−$12.7K −$0.86/SF
EGI
$251.4K $17.14/SF
− OpEx
−$75.4K −$5.14/SF
NOI
$176.0K $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%
$3,520,120
Cap Rate 7%
$2,514,371
Cap Rate 9%
$1,955,622
Alternative Uses
Best Use
Retail
$2.51M
$2.20M – $2.93M
NOI $176,006 @ 7.0% cap · market cap 7.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.58M
$3.13M – $4.17M
NOI $250,451 @ 7.0% cap · market cap 11.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
233
Businesses Nearby
62k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 61%
Shops & Services 37%
Electronics 1%
Weis Markets
Groceries
31,408 visits/mo
0.2 miles
Dollar Tree
Shops & Services
9,780 visits/mo
0.3 miles
Fine Wine & Good Spirits
Groceries
6,360 visits/mo
0.3 miles
Valero Energy
Shops & Services
5,569 visits/mo
0.0 miles
Advance Auto Parts
Shops & Services
3,516 visits/mo
0.0 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
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Storefront property - Located in a Pennsylvania community serving both year-round residents and seasonal visitors.
Where is this storefront property located?
The property is located at 639 Hamlin Highway Lake Ariel, PA.
What is the asking price?
The asking price for this property is $2,275,000.
What are key features of this property?
This property features: Constructed in 2009; 639 Hamlin Highway, Lake Ariel, PA 18436; Located in Wayne County, Pennsylvania
