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Grandview Ave Honesdale, PA 18431

OFF-MARKET Commercial real estate Google Maps
1.97 ac lot
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

This exceptional 1.97-acre commercial property presents a remarkable development opportunity in Honesdale, PA. Boasting an unparalleled location on US Route 6, this parcel enjoys over 220 feet of frontage on this major thoroughfare, experiencing a daily traffic count exceeding 13,000 vehicles. Adding to its strategic advantage, the property also features 226 feet of frontage on Old Willow Avenue. Its position between prominent big-box retailers and the vibrant downtown Honesdale area places it on the busiest non-interstate road in Wayne County, ensuring high visibility and accessibility. Public water and sewer services are readily available at the street, and natural gas is conveniently located nearby, simplifying infrastructure connections for future development. While a billboard currently stands on the property, it's important to note that it includes a permanent easement and does not convey with the sale, nor does it generate lease income for the buyer. This presents a blank canvas for a wide range of commercial ventures, capitalizing on the exceptional location and high traffic volume. The property's size and strategic placement make it an ideal site for a variety of commercial uses, offering significant potential for return on investment.

Property profile

Verified
Property type Commercial real estate
Lot 1.97 ac (85,813 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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