495 Johnson St, Wilkes-Barre Township, PA 18702
- Lifestyle centers
- 6,215 SF
- 0.18 lot acres
Current Use by Public Records
- Crystal Vision Center 309 WB Twp / Physician
Property Details for 495 Johnson St
- Year built
- 1980
- Lot size
- 0.18 lot acres
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional Wilkes-Barre Township, PA investment opportunity presents a fully occupied, 6,215 square foot Class B shopping center. Located at 495 Johnson St, 18702, this single-story, 5-unit retail property boasts a strong 100% occupancy rate with five tenants under NNN leases featuring annual rent increases. The property, built in 1980, sits on a 0.18-acre lot and benefits from excellent visibility and accessibility on a major thoroughfare, ensuring high traffic volume. Ample parking is available for customers and tenants. The asking price is $2,110,000, representing a compelling $339.50 per square foot and a 6.47% capitalization rate based on a Net Operating Income (NOI) of $136,488. A new roof will be installed before closing, eliminating any concerns regarding roof condition. The property is zoned C2 and offers a secure, long-term investment opportunity with established tenants and consistent income generation. This is a rare chance to acquire a well-maintained, high-performing retail asset in a desirable location. The property's strong financials and stable tenancy make it an ideal addition to any portfolio.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Wilkes-Barre Township
- County
- Luzerne
- State
- Pennsylvania
- Longitude
- -75.8805
- Latitude
- 41.2234
