Multi-Tenant Mixed-Use
For Sale
$1,250,000
817 - 821 S Main St, Old Forge, PA 18518
Two buildings combine medical, retail, office, and residential components.
Property Size10,800 SF
Price / SF$115.74
Days on Market82
Property Features for 817 - 821 S Main St
General Information
Standard status
Active
Size
10,800 SF
Building Details
Year Built
2006
Listing Agency:
Christian Saunders Real Estate
Listed By:
Marilee Barone · License #AB067373
(570) 430-0141
Source:
Revolvepa
Added: Jul 25
Changed: Sep 15
Last Checked: Oct 13 at 12:24AM
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 Christian Saunders Real Estate
Investment Insights
Based on property information with market context.
This mixed-use property includes two commercial buildings totaling 10,800 SF. Building 1 is a 7,200 SF single-story medical office facility occupied by a pharmacy and two medical practices, with one suite currently open for occupancy. Building 2 contains 3,600 SF, with retail and optometrist office space at the front and a one-bedroom apartment at the rear.
Located at 817–821 S Main St in Old Forge, PA, the property was built in 2006. The existing optometrist tenant is willing to move into the available suite in Building 1, which would create an opportunity for a purchaser to use the retail area in Building 2 while retaining the other occupants. The current owner pays real estate taxes.
Located at 817–821 S Main St in Old Forge, PA, the property was built in 2006. The existing optometrist tenant is willing to move into the available suite in Building 1, which would create an opportunity for a purchaser to use the retail area in Building 2 while retaining the other occupants. The current owner pays real estate taxes.
Key Highlights
- 10,800 SF across two buildings
- 7,200 SF single‑story medical office building
- 3,600 SF mixed‑use building with retail, office, and a one‑bedroom apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$109,350
Cap Rate
8.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,187,000
$2.2M
Cap Rate 7%
$1,562,143
$1.6M
Cap Rate 9%
$1,215,000
$1.2M
Market Conditions
NOI Build-Up for 10,800 SF
Gross rent
$194.4K $18.00/SF
− Vacancy
−$19.4K −$1.80/SF
EGI
$175.0K $16.20/SF
− OpEx
−$65.6K −$6.07/SF
NOI
$109.4K $10.13/SF
Area
Lackawanna County, PA
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,187,000
Cap Rate 7%
$1,562,143
Cap Rate 9%
$1,215,000
Alternative Uses
Best Use
Office B
$1.98M
$1.73M – $2.31M
NOI $138,787 @ 7.0% cap · market cap 11.10%
Second Best
Healthcare Medical
$1.82M
$1.59M – $2.12M
NOI $127,359 @ 7.0% cap · market cap 10.19%
Theoretical Best
Office A
$2.74M
$2.40M – $3.20M
NOI $191,887 @ 7.0% cap · market cap 15.35%
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
452
Businesses Nearby
Explore this area
Business Placement
Demographics for 18518, PA
8,497
Population
3,949
Households
2.2
Avg Household Size
46
Median Age
32%
College-Educated
94%
High-School Grad
4.0 sq mi
ZIP Area
2,124
Density / Sq Mi
$73,258
Median Household Income
$44,586
Median Earnings
$862
Median Rent
$169,700
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two buildings combine medical, retail, office, and residential components.
Where is this mixed-use property located?
The property is located at 817 - 821 S Main St Old Forge, PA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 10,800 SF across two buildings; 7,200 SF single‑story medical office building; 3,600 SF mixed‑use building with retail, office, and a one‑bedroom apartment
