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639 Hamlin Highway Lake Ariel, PA 18436

639 Hamlin Highway, Lake Ariel, PA, 18436
639 Hamlin Highway, Lake Ariel, PA, 18436 639 Hamlin Highway, Lake Ariel, PA, 18436 639 Hamlin Highway, Lake Ariel, PA, 18436 639 Hamlin Highway, Lake Ariel, PA, 18436 639 Hamlin Highway, Lake Ariel, PA, 18436 639 Hamlin Highway, Lake Ariel, PA, 18436
FOR SALE
Property Type:
Multi Tenant Office
Amount:
$5,750,000
Last Verified:
Dec 09, 2024

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Highlights

  • Absolute Net Lease Structure: The lease provides zero landlord responsibilities for an incoming investor
  • Strong Placer AI Data: The subject property ranks at the 88th percentile in the state of PA and 90th percentile within a 50 mile radius
  • Hard Corner Location: Subject property benefits of being located on a hard corner signalized intersection with 10,500 vehicles per day on Hamlin Highway
  • Affluent Community: Average household income within a 3 mile radius exceeds $79,697
  • Location and Accessibility:: Lake Ariel is located in Wayne County in northeastern Pennsylvania, about 30 minutes from Scranton and 2 hours from New York City. It offers easy access to major highways, making it a popular retreat for both Pennsylvania and New York residents

Description

N/A

Lake Ariel, PA, is a scenic community located in northeastern Pennsylvania's Wayne County, nestled in the Pocono Mountains. Known for its beautiful lakes and outdoor recreation, it attracts both full-time residents and vacationers. The area offers activities like boating, fishing, hiking, and skiing, making it popular year-round. Several residential communities, including Hideout and Wallenpaupack Lake Estates, provide amenities like private beaches, golf courses, and clubhouses. Lake Ariel is also close to Lake Wallenpaupack, adding to its appeal with additional water-based recreation. The community is served by the Western Wayne School District and maintains a small-town charm with local shops and restaurants. Its close proximity to Scranton and major highways makes it accessible for those seeking a scenic retreat near urban conveniences. Wayne is a county in the Commonwealth of Pennsylvania. The county's population was 51,155 at the 2020 census.


Year Built: 2009
Building Size: 14673sq ft
Building Class: A
Lot Size: 1.48 acres

Map of 639 Hamlin Highway, Lake Ariel, PA, 18436

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.