1079 Texas Palmyra Hwy $1,690,000


    1079 Texas Palmyra Hwy Honesdale, PA 18431

    • 19,868 sq. ft.
    • 4.71 Acres
    • Commercial
    • MLS# 21-305
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    Views: 184 Days On Site: 180

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    Property Details

    Commercial investors or operators, this is the one you have been looking for. Strong tenants with an 9% cap rate which does not take into account a currently vacant 4,000 square foot prime space that you can use for your business or rent to increase cap rate. The property is 4.71 acres and has 3 buildings totaling approximately 19,868 square feet. Building #1 is 14,548 square feet of retail, Building #2 is 2,427 square feet of garage leased garage space and Building #3 is 2,893 square feet and leased for a car wash. 431 feet of frontage on busy US Route 6 near Walmart, Home Depot and Route 6 Plaza with a traffic count of over 16,000 vehicles per day. Separate utilities for each tenant. Public sewer. Great opportunity.

    • General Features
      • County Wayne
      • Level Single
      • Acres 4.71
    • Building Features
      • Cool CntrlAC
      • Ceiling 10-12FT
      • Construction Frame, Metal
      • Heat Elec, Gas
      • Roof Ridged
      • Stories 1.0
      • Total Sq Ft 19,868
    • Property Features
      • Existing Use Commercial
      • Exterior Amenities Highway Exposure, Sign
      • Location FreeStnd
      • Miscellaneous Dlvydoor, Handicap
      • Lake or Waterway None
      • Water Well
      • Road Surface Blk-top
      • Sewer Public
      • Road Paved, Public
      • Potential Use Beauty/Barber Shop, Medical Services, Office, Professional Service, Recreational, Retail, School Care, Shop-center
      • Parking On-site
      • Miscellaneous Current Use Retail Plaza
    • Schools
      • School District Wayne Highlands



    18431 (Honesdale) Demographics

    45 Median Age
    89 Population Density (per sq. mile)
    30% College Educated
    $41,449 Estimated Median Income
    3,442 Estimated Total Home Owners
    1,445 Estimated Total Renters
    70% / 30% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    11,968 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $180,000 Median Sales Price
    7 Homes Sold
    17 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $1,690,000
        2/4/2021 2:34:00 PM New in Database Source: Multiple Listing Service New Value: $1,690,000

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        Information is being provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified. No reproduction, distribution, or transmission of the information at this site is permitted without written permission from Berkshire Hathaway HomeServices Pocono Real Estate.

        Data last updated: 8/3/2021 6:26:03 AM

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.