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    700 Main St Plymouth, PA 18651

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    For Lease
    Contact for pricing

    High-traffic retail space, I-81 corridor.

    Lot size:
    10,400 SF

    Property Features for 700 Main St

    General Information

    Property type
    Freestanding property
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    10,400 SF

    Building Details

    Year Built
    1970
    Buildings
    1
    Stories
    2

    Spaces For Lease

    at 700 Main St, Plymouth, PA 18651 Contact us

    We can help!

    Listing Contact
    Steve Cole
    Steve Cole

    Listing Agency: NAI Mertz Wilkes Barre Listing Agent: Steve Cole

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional retail property, located at 700 E. Main Street in Plymouth, Pennsylvania (zip code 18651), offers a unique leasing opportunity. Situated on a 1.1-acre lot in Luzerne County's B-2 Highway Business District, this free-standing building boasts 10,400 square feet of space, with 6,000 square feet currently available for immediate lease. The property features a two-story design, built in 1970, and includes 17 parking spaces. The zoning allows for a variety of retail uses, making it ideal for businesses needing high visibility and accessibility. With 280 feet of road frontage on Route 11, the property benefits from a daily traffic count of 17,961 vehicles. The building's design incorporates potential drive-thru garage bays and a showroom with drive-in access, enhancing its functionality. Additional features include a 1,600 square foot second-floor storage area, modern utilities such as natural gas heating and 3-phase electric service, and ample off-street parking. The minimum leasable space is 6,000 square feet, with the potential to lease the entire 10,400 square feet. This property's location in the Northeast Pennsylvania submarket, specifically the I-81 corridor, provides excellent access to major transportation routes and a strong customer base. The property's APN is 38-H8S5-006-002-000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Freestanding property

    Suggested Use

    Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Big Box & Wholesale Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Plymouth
    County
    Luzerne
    State
    Pennsylvania
    Longitude
    -75.92899641
    Latitude
    41.24628975

    Nearby Similar for Lease

    • $1,400 /Mo
      2,100 SF

      Commercial Space with Pizza Oven

      2100 sq ft commercial space with parking and pizza oven.
      237 W Main St, Plymouth, PA 18651
      View Details
    • Contact for pricing
      5,648 SF

      Class A Office Space Available

      Class A office space with fitness center and basement storage.
      450 Plymouth Rd/Germantown, Plymouth, PA
      View Details

    FAQs

    What type of property is this?
    Freestanding property - High-traffic retail space, I-81 corridor.
    Where is this freestanding property located?
    The property is located at 700 Main St Plymouth, PA.
    What are key features of this property?
    This property features: Retail space for lease at 700 E. Main Street, Plymouth, PA 18651.; Negotiable lease rate.; 6,000 square feet immediately available; up to 10,400 square feet total.
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    700 Main St Plymouth, PA 18651
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Steve Cole
    Steve Cole
    Real Estate License ID: RB043368C
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