For Sale Details

$147.66 / SF
  • Property Type Retail / Supermarket
  • Sale Type Investment
  • Status Active
  • Created 06/22/23
  • Updated 05/08/24

About 501 West Harford Street, Milford, PA 18337

Angel Commercial, LLC, presents a notable investment opportunity at 501 Harford Street W in Milford, PA. On offer is a fully occupied retail establishment and a valuable adjacent plot ripe for development. Nestled within a Development District (DD) Zone, these properties boast potential for diversified development strategies and value enhancement.

The commercial retail space presents a contemporary, single-story structure encompassing 22,688 square feet of retail area, situated on a 1.94-acre site adjacent to a prominent intersection on Harford Street W. With dual curb access, the property is easily accessible and includes amenities such as two sheltered loading bays and ample parking for 121 vehicles. The retail space is under a five-year lease to the well-established Pike Farms LLC, which operates as Key Food Marketplace. This tenancy agreement includes the tenant's commitment to all maintenance, repair, and real estate tax expenses, ensuring a low-maintenance investment. The property commands a sale price of $3,350,000, with a 2023 Net Operating Income (NOI) of $267,384 and a calculated capitalization rate of 7.98%.

The offering is enriched by the availability of an adjoining parcel measuring 0.83 acres, currently serving as supplementary parking. This plot is an excellent prospect for development or retail footprint expansion, with an asking price of $125,000.

501 Harford Street W enjoys a strategic position in Pike County, PA, at the nexus of the Pocono Mountains and close to the New Jersey state line. The property is approximately 2.3 miles from the I-84 corridor and assures convenient access to neighboring urban centers. The locale is a hub of activity, near Citizen Bank, McDonald's, Dunkin, and State Farm Insurance, and directly opposite a Gulf gas station, offering a blend of dining, retail, and financial services within proximity.

For more information, please contact Jon Angel, President, Angel Commercial, LLC, at (203) 335-6600, Ext.​ 21.

Building Details

  • Tenancy: Single Tenant
  • Building Area (SF): 22,688
  • Year Built: 1970
  • Percent Finished: 100%
  • Clear Height (Feet): 25
  • Dock Doors: 2
  • Number of Stories: 1
  • Number of Buildings: 1

Land Details

  • Parking Count: 121
  • Acreage: 1.94
  • Gas: Yes
  • Sewage System: Septic
  • Water System: Public Water

Financial Characteristics

  • Net Operating Income: $267,384
  • Cap Rate: 7.9%
  • Financials Year: 2023
  • Occupancy Percent: 100%

The Retail / Supermarket property at 501 West Harford Street, Milford, PA 18337 is currently available for sale. Contact Jon Angel from Angel Commercial, LLC for more information.