Building Details

Year built 2000

Building materials Brick

Listing Agency: Iron Valley Real Estate Keystone c***@ivreschuylkill.com Show Phone

Listed By: Guy Julian · License #RS343403 Show Phone

Added: Aug 18 Changed: Aug 19 Last Checked: Aug 23 at 2:06PM

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MLS# PASK2029074

Copyright © 2026 Bright 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 2,731-square-foot strip center contains two retail storefronts with display windows, a covered pedestrian walkway, and functional interior layouts. Each suite includes bright front retail areas, office or utility space potential, and restroom accommodation. Brick construction and a metal roof provide the primary exterior features, while central air, heat pump heating, and electric heat support year-round operation.

A bank drive-through canopy adds an existing accessory feature with rental-income potential. The property sits at the intersection of Main and Center Street in Mahanoy City, Pennsylvania, on a 0.21-acre parcel. Parking is available through both on-street spaces and a parking lot. Built in 2000, the center offers a compact commercial configuration for retail occupancy or an owner-user operation.

Key Highlights

• 2,731 SF strip center on a 0.21‑acre parcel
• Two retail storefronts with display windows
• Covered pedestrian walkway serving the storefronts

Financial Insights

Estimated NOI and Cap Rate

NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).

NOI / Yr

$19,505

Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.

Cap Rate

5.57%

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$390,100 $390.1K

Cap Rate 7%

$278,643 $278.6K

Cap Rate 9%

$216,722 $216.7K

Market Conditions

NOI Build-Up for 2,731 SF 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.

Gross rent

$31.1K $11.40/SF

− Vacancy

−$3.3K −$1.20/SF

EGI

$27.9K $10.20/SF

− OpEx

−$8.4K −$3.06/SF

NOI

$19.5K $7.14/SF

Area

Schuylkill County, PA

Vacancy

10.50%

Lease Rate

$11.40 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$390,100

Cap Rate 7%

$278,643

Cap Rate 9%

$216,722

Alternative Uses

Best Use

Retail

$278.6K

$243.8K – $325.1K (±1% cap)

NOI $19,505 @ 7.0% cap · market cap 5.57%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$409.7K

$358.5K – $477.9K (±1% cap)

NOI $28,676 @ 7.0% cap · market cap 8.19%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Strip malls

Lease Details

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

265

Businesses Nearby

6k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Dollar General Shops & Services

5,564 visits/mo 0.5 miles

Demographics for 17948, PA

4,258

Population

2,555

Households

1.7

Avg Household Size

43

Median Age

9%

College-Educated

85%

High-School Grad

19.2 sq mi

ZIP Area

222

Density / Sq Mi

$45,720

Median Household Income

$36,063

Median Earnings

$932

Median Rent

$39,600

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Questions? Ask Rey

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What type of property is this? Where is this strip malls located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Strip mall - Two retail suites offer display windows, covered pedestrian access, and flexible front-of-house layouts.

Where is this strip mall located?

The property is located at MAIN & CENTER Street Mahanoy City, PA.

What is the asking price?

The asking price for this property is $350,000.

What are key features of this property?

This property features: 2,731 SF strip center on a 0.21‑acre parcel; Two retail storefronts with display windows; Covered pedestrian walkway serving the storefronts