Downtown Mixed-Use Storefront
903 Main Street Honesdale, PA 18431
New
MULTI_FAMILY - Honesdale, PA
Property size:
2,536 SFLot size:
0.03 AcresPrice / SF:
$195/SF- Added:
- Jul 9, 2026
- Days on Market:
- 1
- Last Refresh:
- Jul 9 at 9:06 pm
Property Features for 903 Main Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Commercial
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bedroom 1, Bathroom 2, Bedroom 4, Bathroom 3, Basement, Bedroom 2, Bedroom 3, Bathroom 1
- Interior features
- Ceiling Fan(s), Storage, Pantry, Open Floorplan, Eat-in Kitchen
- Basement
- Unfinished, Full
- Appliances
- Dishwasher, Refrigerator, Electric Range, Electric Oven, Electric Cooktop
- Standard status
- Active
- APN
- 11-0-0005-0022
- Size
- 2,536 SF
- Lot size
- 0.03 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Description
- 11-0-0005-0022
- Tax Annual Amount
- 6141
Utilities
- Sewer type
- Public Sewer
- Heating system
- Baseboard, Electric (Heating)
- Cooling system
- Ceiling Fan(s)
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 3
- Number of units
- 3
- Flooring type
- Hardwood, Vinyl, Tile
- Building materials
- Brick
- Roof type
- Rubber, Tar/Gravel
- Additional Structures
- Storage
Listing agent Tim Meagher License #RM421483 (570) 253-9566
Listing office RE/MAX WAYNE 416 Main Street Suite A, HONESDALE, PA (570) 253-9566
Listing date Jul 9, 2026
MLS# PW-262278
Listing URL
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.
Investment Insights
Based on property information with market context.
This historic three-story mixed-use building offers a spacious first-floor storefront with ample frontage and strong natural light. The commercial space is accessed directly from Main Street and includes big display windows, an open retail floor, a dressing room, a storage room, and a bathroom. A separate street entrance provides access to the two residential units on the upper floors.
The second floor is a full-level two-bedroom, one-bath apartment currently used as a photography studio. It includes a kitchen and a spacious open living area with windows overlooking downtown Honesdale. The third-floor apartment also spans the full level and features two large bedrooms, a spacious bathroom, ample storage, and an open kitchen and living area. Both units are described as having generous room sizes and comfortable layouts.
With retail or service space on the ground level and residential space above, the property supports multiple operating formats for an investor, owner-user, or business owner. The layout provides separate entry points for commercial and residential use, and the building’s storefront configuration is suited to tenants seeking prominent downtown presence along Main Street.
The second floor is a full-level two-bedroom, one-bath apartment currently used as a photography studio. It includes a kitchen and a spacious open living area with windows overlooking downtown Honesdale. The third-floor apartment also spans the full level and features two large bedrooms, a spacious bathroom, ample storage, and an open kitchen and living area. Both units are described as having generous room sizes and comfortable layouts.
With retail or service space on the ground level and residential space above, the property supports multiple operating formats for an investor, owner-user, or business owner. The layout provides separate entry points for commercial and residential use, and the building’s storefront configuration is suited to tenants seeking prominent downtown presence along Main Street.
Key Highlights
- Historic mixed‑use building with a large first‑floor Main Street storefront plus two full 2‑bedroom apartments on the 2nd and 3rd floors
- First‑floor commercial space includes an open retail floor, dressing room, storage room, and bathroom, with big display windows and direct Main Street access
- Separate street entrance for the residential units above, supporting separate use and privacy between commercial and apartments
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $53.3k | $21.00 |
| − Vacancy | −$5.9k | −$2.33 |
| EGI | $47.3k | $18.67 |
| − OpEx | −$11.8k | −$4.67 |
| NOI | $35.5k | $14.00 |
2,536 SF · lease $21.00/SF/yr · vacancy 11.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$507.3K
$443.9K – $591.8K
NOI $35,508 @ 7.0% cap · market cap 7.17%
Second Best
Retail
$434.6K
$380.3K – $507.0K
NOI $30,420 @ 7.0% cap · market cap 6.15%
Theoretical Best
Office A
$618.4K
$541.1K – $721.4K
NOI $43,286 @ 7.0% cap · market cap 8.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Finders Keepers Consignment ...
Clothing & Fashion Store
Masters Martial Arts ...
Theater & Performing Art Venue
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FAQs
What type of property is this?
Mixed-use property - Historic Main Street storefront on the first floor with two separate 2-bedroom apartments above.
Where is this mixed-use property located?
The property is located at 903 Main Street Honesdale, PA.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Historic mixed‑use building with a large first‑floor Main Street storefront plus two full 2‑bedroom apartments on the 2nd and 3rd floors; First‑floor commercial space includes an open retail floor, dressing room, storage room, and bathroom, with big display windows and direct Main Street access; Separate street entrance for the residential units above, supporting separate use and privacy between commercial and apartments
