3-5 Mountain Rd Shickshinny, PA 18655
- Commercial real estate
- 23,187 SF
- 1.25 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 3-5 Mountain Rd
- Year built
- 1990
- Lot size
- 1.25 lot acres
- Property size
- 23,187 SF
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a +/- 23,187 square foot retail shopping center located at 3-5 Mountain, Shickshinny, PA. The property sits on a 1.25-acre lot and is currently leased to two established, long-term tenants. A Chinese restaurant occupies approximately 1,200 square feet under a five-year lease with two five-year renewal options. Family Dollar occupies approximately 7,487 square feet, with a recently extended lease expiring April 30, 2033. A significant portion of the building, approximately 14,000 square feet, is currently vacant and presents a substantial opportunity for lease or owner-occupancy. Ideal uses for this space include, but are not limited to, grocery stores, department stores, or auto parts stores. The building boasts desirable features including three-phase electric service, loading docks, a 15-foot clear height ceiling, and ample parking accommodating 100 vehicles. This property offers a strong existing income stream complemented by the potential for significant future growth through leasing the vacant space. The combination of established tenants and the substantial vacant space makes this a compelling investment opportunity with excellent value-added potential. The asking price for this prime retail center is $1,950,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Shickshinny
- County
- Luzerne
- State
- Pennsylvania
- Longitude
- -76.1497
- Latitude
- 41.1516
