Flex Building with Overhead
For Sale
$799,000
7 Canaan Road, Waymart, PA 18472
Commercial Sale, Waymart, PA
Property Size5,500 SF
Lot Size0.89 Acres
Price / SF$145.27
Days on Market94
Property Features for 7 Canaan Road
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot
Security features
Security System
Lot features
Level, Not In Development, Native Plants
Elementary school district
Western Wayne School District
Middle school district
Western Wayne School District
High school district
Western Wayne School District
Directions
From Honesdale, RT 6W to left at Waymart 4-corners onto Belmont St. Right onto Carbondale Rd. Left onto Canaan Rd. Property 175 ft. on left.
Standard status
Active
APN
04-0-0003-0002.0004
Lot size
0.89 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
5164
Utilities
Sewer type
Public Sewer
Heating system
Radiant, Natural Gas, Hot Water(Heating), Radiant Floor
Water source
Well
Building Details
Year built
2009
Floors in Building
1
Flooring type
Concrete, Tile
Building materials
Metal Siding, Stone
Roof type
Metal
Listing Agency:
RE/MAX WAYNE · RE/MAX International
(570) 253-9566
Listed By:
Bill O'Neill
(570) 575-8897
Added: Jul 20
Changed: Oct 16
Last Checked: Oct 21 at 1:06AM
MLS# PW-262417
Copyright © 2026 Pike/Wayne Association of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 2009, this 5,000-square-foot flex building offers a clear-span interior with 16-foot ceilings, an 8-inch reinforced concrete floor, and natural gas in-floor radiant heat. The structure has a metal and stone exterior, metal roofing, concrete and tile flooring, and a 30-by-20-foot, two-level office suite with reception space, a service counter, private offices, and two bathrooms. An additional 500 square feet is finished as second-floor office space.
Three overhead doors support equipment, inventory, manufacturing, warehouse, contractor, and commercial vehicle operations, including two 12-by-12-foot doors and one 14-by-14-foot door. The property sits on a level 0.89-acre macadam and concrete lot with a parking area and truck access. Public sewer, a private well, Blue Ridge Cable service, and a security system are in place. The site is approximately one mile from US Route 6 in Canaan Township, where no zoning is currently in effect.
Three overhead doors support equipment, inventory, manufacturing, warehouse, contractor, and commercial vehicle operations, including two 12-by-12-foot doors and one 14-by-14-foot door. The property sits on a level 0.89-acre macadam and concrete lot with a parking area and truck access. Public sewer, a private well, Blue Ridge Cable service, and a security system are in place. The site is approximately one mile from US Route 6 in Canaan Township, where no zoning is currently in effect.
Key Highlights
- 5,000‑square‑foot flex building constructed in 2009
- Clear‑span interior with 16‑foot ceilings and 8‑inch reinforced concrete floor
- Two 12' x 12' overhead doors and one 14' x 14' overhead door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,551
Cap Rate
4.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$771,020
$771.0K
Cap Rate 7%
$550,729
$550.7K
Cap Rate 9%
$428,344
$428.3K
Market Conditions
NOI Build-Up for 5,500 SF
Gross rent
$48.5K $8.81/SF
− Vacancy
−$3.1K −$0.56/SF
EGI
$45.4K $8.25/SF
− OpEx
−$6.8K −$1.24/SF
NOI
$38.6K $7.01/SF
Area
Wayne County, PA
Vacancy
6.40%
Lease Rate
$8.81 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$771,020
Cap Rate 7%
$550,729
Cap Rate 9%
$428,344
Alternative Uses
Best Use
Warehouse
$550.7K
$481.9K – $642.5K
NOI $38,551 @ 7.0% cap · market cap 4.82%
Second Best
Industrial
$453.5K
$396.9K – $529.1K
NOI $31,748 @ 7.0% cap · market cap 3.97%
Theoretical Best
Office A
$1.34M
$1.17M – $1.56M
NOI $93,878 @ 7.0% cap · market cap 11.75%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
16 ft
Clear height
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
93
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 18472, PA
7,071
Population
2,002
Households
3.5
Avg Household Size
42
Median Age
12%
College-Educated
86%
High-School Grad
62.1 sq mi
ZIP Area
114
Density / Sq Mi
$60,043
Median Household Income
$31,942
Median Earnings
$979
Median Rent
$233,600
Median Home Value
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Market
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- The Mustard Seed Cafe — 233 Belmont St, Waymart, PA 18472
Frequently Asked Questions
What type of property is this?
Flex space - Clear-span commercial space combines office buildout, overhead access, and truck-friendly circulation.
Where is this flex space located?
The property is located at 7 Canaan Road Waymart, PA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 5,000‑square‑foot flex building constructed in 2009; Clear‑span interior with 16‑foot ceilings and 8‑inch reinforced concrete floor; Two 12' x 12' overhead doors and one 14' x 14' overhead door
