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Multi-Tenant Commercial Property in Old Forge

817 - 821 S Main Street Old Forge, PA 18518

817 - 821 S Main Street, Old Forge, PA, 18518

$1,250,000

For Sale

$1,250,000

COMMERCIAL - Old Forge, PA

Property Size10,800 SF

Lot Size0.60 Acres

Price / SF$115.74

AddedMay 29

Days on Market48

Last RefreshJul 15 at 8:06 am

Property Features for 817 - 821 S Main Street

General Information

Property type: Commercial Sale
Property subtype: Other
Zoning: C-1 Main St Com
Parking: 28
Standard status: Active
APN: 18407020019
Size: 10,800 SF
Lot size: 0.60 Acres

Taxes and HOA fees

Tax Year: 2025
Tax Description: 59X144x67x130 W-05 B-0060 L-0010 P-00000
Tax Annual Amount: 17856

Utilities

Sewer type: Public Sewer
Heating system: Forced Air, Natural Gas
Cooling system: Gas (Cooling), Central Air

Building Details

Year built: 2006
Floors in Building: 1
Number of units: 6
Flooring type: Vinyl, Carpet
Building materials: Vinyl Siding
Roof type: Asphalt

Listing agent Marilee Barone License #AB067373

Listing office Christian Saunders Real Estate 771 E. Drinker Street, Dunmore, PA

Listing date May 29, 2026

MLS# SC262501

Copyright © 2026 Greater Scranton Board 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.

Investment Insights

Based on property information with market context.

This well-maintained multi-tenant commercial property in Old Forge, PA, presents a cash-flowing investment opportunity with additional upside potential. The property includes two buildings. Building #1 is a 7,200 square foot single-story medical office building. It is currently occupied by a pharmacy and two medical practices. One vacant suite is available for lease, offering immediate value-add potential. Building #2 is a 3,600 square foot mixed-use building. The front portion is occupied by a retail/optometrist office, and the rear features a one-bedroom apartment, providing additional rental income. The current owner pays the real estate taxes. Suite 3 in Building #1 is available for occupancy, presenting an owner-user opportunity. The existing optometrist tenant is willing to relocate to this suite, allowing a purchaser to occupy the retail space in Building #2 while maintaining rental income from the remaining tenants. The property is zoned C-1 Main St Com and sits on a 0.6-acre lot. This property offers a combination of established tenancy and income generation.

Key Highlights

Multi‑tenant commercial property with two buildings and mixed‑use income, built in 2006
Building #1: 7,200 SF single‑story medical office with pharmacy and two medical practices; one vacant suite available for lease
Building #2: 3,600 SF mixed‑use building with retail/optometrist office plus a 1‑bedroom apartment for additional rental income

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$162.0k	$15.00
− Vacancy	−$17.0k	−$1.58
EGI	$145.0k	$13.43
− OpEx	−$43.5k	−$4.03
NOI	$101.5k	$9.40

10,800 SF · lease $15.00/SF/yr · vacancy 10.50% · expense 30.00%

Alternative Uses

Best Use

Office B

$1.98M

$1.73M – $2.31M (±1% cap)

NOI $138,787 @ 7.0% cap · market cap 11.10%

Second Best

Healthcare Medical

$1.82M

$1.59M – $2.12M (±1% cap)

NOI $127,359 @ 7.0% cap · market cap 10.19%

Theoretical Best

Office A

$2.74M

$2.40M – $3.20M (±1% cap)

NOI $191,887 @ 7.0% cap · market cap 15.35%

Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Medical Office Space

Suggested Use

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For sale
Medical Office Space
PA
Old Forge
18518
817 - 821 S Main Street

What type of property is this?

Medical Office Space - Well-maintained commercial property with income and upside potential in Old Forge.

Where is this medical office space located?

The property is located at 817 - 821 S Main Street 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: Multi‑tenant commercial property with two buildings and mixed‑use income, built in 2006; Building #1: 7,200 SF single‑story medical office with pharmacy and two medical practices; one vacant suite available for lease; Building #2: 3,600 SF mixed‑use building with retail/optometrist office plus a 1‑bedroom apartment for additional rental income