±15 Acre Development Site W/ Stabilized Strip Center
Retail | 11,070 SqFt
Marketing description
Equity CRE is pleased to exclusively offer for sale a shopping center development site with an existing, stabilized strip center located at a signalized intersection in Effort, PA, just north of Brodheadsville in Monroe County. The existing strip center features a lineup of local tenants servicing the immediate trade area, including a vape store, PA tag & title service, Chinese restaurant, deli, pizzeria, and childcare facility. This offering presents an opportunity to acquire a stabilized retail asset while pursuing redevelopment and the potential to add additional uses to the site.
Investment highlights
Stabilized Investment: The existing strip center is fully leased and provides a stabilized revenue stream.
Potential Redevelopment/ Value Add: Features a blend of food service, fitness, and specialty retail, creating a balanced and resilient income stream.
Market Fundamentals: Chestnuthill Township has nearly 11,000 households in a 5-mile radius and is a growing market with proximity to major highways and large trade markets in Scranton, the Pocono Mountains, and the Lehigh Valley.
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