Mixed-Use Building with
For Sale
$430,000
6656 Route 191, Cresco, PA 18326
Two occupied apartments sit above two vacant commercial spaces, offering a combination of residential occupancy and available storefront space.
Property Size3,854 SF
Price / SF$111.57
Days on Market76
Property Features for 6656 Route 191
General Information
Standard status
Active
Size
3,854 SF
Property subtype
Mixed Use
Zoning
Mixed Use
Site & Location
Corner Location
Yes
Mixed-Use Components
retail, residential
Units
Unit Mix
2 x 2BR
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$5,289
Building Details
Building Size
3,854 SF
Year Built
1920
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
WEICHERT Realtors Acclaim - Tannersville
Listed By:
Colleen Farnan O'Hara · License #RS371867
(570) 216-6091
Source:
Sawcreek
Added: Aug 18
Changed: Oct 31
Last Checked: Oct 31 at 3:27AM
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 WEICHERT Realtors Acclaim - Tannersville
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Investment Insights
Based on property information with market context.
This 3,854-square-foot mixed-use building, constructed in 1920, contains two two-bedroom apartments on the upper floor and two ground-level storefront or office spaces. Both apartments are tenant-occupied, while the commercial spaces are vacant. The property is zoned for mixed use.
Set on a corner lot in Cresco, the building includes a cleared parking area for off-street parking.
Set on a corner lot in Cresco, the building includes a cleared parking area for off-street parking.
Key Highlights
- 3,854‑square‑foot mixed‑use property
- Two tenant‑occupied, two‑bedroom apartments
- Two vacant ground‑floor storefront or office spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,538
Cap Rate
8.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$690,760
$690.8K
Cap Rate 7%
$493,400
$493.4K
Cap Rate 9%
$383,756
$383.8K
Market Conditions
NOI Build-Up for 3,854 SF
Gross rent
$65.2K $16.92/SF
− Vacancy
−$2.4K −$0.63/SF
EGI
$62.8K $16.29/SF
− OpEx
−$28.3K −$7.33/SF
NOI
$34.5K $8.96/SF
Area
Monroe County, PA
Vacancy
3.70%
Lease Rate
$16.92 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$690,760
Cap Rate 7%
$493,400
Cap Rate 9%
$383,756
Alternative Uses
Best Use
Mixed Use
$654.1K
$572.3K – $763.1K
NOI $45,786 @ 7.0% cap · market cap 10.65%
Second Best
Retail
$620.9K
$543.3K – $724.4K
NOI $43,462 @ 7.0% cap · market cap 10.11%
Theoretical Best
Office A
$1.15M
$1.01M – $1.35M
NOI $80,749 @ 7.0% cap · market cap 18.78%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
126
Businesses Nearby
8k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
5,284 visits/mo
0.2 miles
Family Dollar
Shops & Services
2,608 visits/mo
0.3 miles
Demographics for 18326, PA
4,291
Population
1,914
Households
2.2
Avg Household Size
48
Median Age
22%
College-Educated
97%
High-School Grad
33.4 sq mi
ZIP Area
128
Density / Sq Mi
$76,827
Median Household Income
$34,911
Median Earnings
$945
Median Rent
$244,300
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
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two occupied apartments sit above two vacant commercial spaces, offering a combination of residential occupancy and available storefront space.
Where is this mixed-use property located?
The property is located at 6656 Route 191 Cresco, PA.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: 3,854‑square‑foot mixed‑use property; Two tenant‑occupied, two‑bedroom apartments; Two vacant ground‑floor storefront or office spaces
