1071 State Route 940 - Retail FOR SALE


Hazle Township, PA 18202
$995,000 USD
570-823-1100
1071 State Route 940, Hazle Township, PA for Sale
$995,000 USD
Retail - FOR SALE
1/5
null | Request Cap Rate

1071 State Route 940
Hazle Township, PA 18202


HIGHLIGHTS

  • Fully occupied five-unit commercial strip center.
  • Four tenant-occupied units provide rental income.
  • Owner-occupied unit offers future occupancy flexibility.
  • Site includes 41 parking spaces.
  • Approximately 346 feet of frontage along PA-940.
  • Zoned B-2 General Commercial.

OVERVIEW

1071 PA-940 presents an opportunity to acquire a fully occupied five-unit commercial strip center in Hazle Township, Luzerne County, Pennsylvania. Situated on approximately 1.47 acres, the property combines stable occupancy with owner-user flexibility, making it suitable for investors seeking income-producing real estate as well as business owners looking to establish or expand operations. The property consists of five commercial units, with four currently generating rental income and one occupied by the owner. This arrangement provides a future purchaser with multiple options, including continuing existing operations, occupying the owner-user space, or leasing the unit to increase rental income potential. The building features a durable block and brick exterior, individually metered public utilities, rooftop HVAC, gas hot air heat, central air conditioning, ceramic tile flooring, and accessible restrooms. Positioned along PA-940 with approximately 346 feet of frontage, the property benefits from visibility and access within a commercial corridor serving the surrounding Hazleton area. The site includes 41 parking spaces and is zoned B-2 General Commercial, allowing for a range of commercial uses. Demographic data indicates a population of 66,781 residents within a 15-minute drive, supporting local consumer and service demand. Combined with full occupancy, commercial zoning, and owner-user flexibility, the asset offers a blend of operational utility and investment potential.

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$225 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1973

SPRINKLERS

-

PARKING SPACES

41

LAND DETAILS

LAND ACRES

1.47 AC

LAND SF

64,033 SF

ZONING

B-2

APN/PARCEL ID

26-S8S8-010-17B

ASK ABOUT THIS PROPERTY

Julia NamutkaMericle Commercial Real Estate Services PropertiesMore Info
570-823-1100

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Julia NamutkaMericle Commercial Real Estate Services PropertiesMore Info
570-823-1100

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.