Listing Agency: Lewith & Freeman, Drums

Listed By: Carrole Kite Show Phone

Source: Nepahousehunt

Added: Jun 8, 2025 Changed: Oct 1 Last Checked: Oct 7 at 12:29PM

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Investment Insights

Based on property information with market context.

This mixed-use property is located in a high-traffic, desirable location across from Main Street in Conyngham. The property includes a larger building with two commercial units and one residential unit, as well as a second building with three commercial units. All units have been remodeled. The property sits on 0.6 acres and features three parking lots. A new furnace was installed in November 2024. Security cameras are in place. The smaller building has central AC. Rents are currently below market value. The owner is a licensed Realtor.

Key Highlights

• High traffic, desirable location across from Main St.
• Multiple commercial units (2 in main building, 3 in second building).
• All units remodeled.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$36,630

Cap Rate

6.32%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$732,600 $732.6K

Cap Rate 7%

$523,286 $523.3K

Cap Rate 9%

$407,000 $407.0K

Market Conditions

NOI Build-Up for 3,700 SF

Gross rent

$66.6K $18.00/SF

− Vacancy

−$8.0K −$2.16/SF

EGI

$58.6K $15.84/SF

− OpEx

−$22.0K −$5.94/SF

NOI

$36.6K $9.90/SF

Area

Luzerne County, PA

Vacancy

12.00%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$732,600

Cap Rate 7%

$523,286

Cap Rate 9%

$407,000

Alternative Uses

Best Use

Mixed Use

$523.3K

$457.9K – $610.5K (±1% cap)

NOI $36,630 @ 7.0% cap · market cap 6.32%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.17M

$1.03M – $1.37M (±1% cap)

NOI $82,051 @ 7.0% cap · market cap 14.15%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Open Analytics

Current Use

David E. Kite, ... Accounting Firm

Suggested Use

Top Pick Plumbing Service Auto Repair Shop Grocery & Convenience Store Kitchen & Bath Showroom Hair Salon Nail Salon

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

7

Businesses Nearby

Explore this area Business Placement

Demographics for 18249, PA

4,151

Population

1,752

Households

2.4

Avg Household Size

50

Median Age

36%

College-Educated

98%

High-School Grad

33.0 sq mi

ZIP Area

126

Density / Sq Mi

$95,820

Median Household Income

$53,504

Median Earnings

$1,341

Median Rent

$279,800

Median Home Value

Questions? Ask Rey

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What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Mixed-use property - Remodeled mixed-use property with commercial and residential units in Sugarloaf.

Where is this mixed-use property located?

The property is located at 707 Main St Sugarloaf, PA.

What is the asking price?

The asking price for this property is $579,900.

What are key features of this property?

This property features: High traffic, desirable location across from Main St.; Multiple commercial units (2 in main building, 3 in second building).; All units remodeled.