Former Rite Aid
REPOSITION / REDEVELOPMENT OPPORTUNITY
Marketing description
Former Rite Aid at 639 Hamlin Highway, Lake Ariel, PA 18436 presents a compelling repositioning or redevelopment opportunity in the heart of the Pocono region. This modern 14,673 SF retail building, constructed in 2009 and situated on 1.48 acres, offers a highly functional layout with ample parking, strong curb appeal, and an existing drive-thru configuration.
Positioned on a prominent signalized hard corner along Hamlin Highway, the property benefits from visibility to more than 10,500 vehicles per day and convenient access to Easton Turnpike. The site is surrounded by a strong mix of national and regional retailers including CVS, Weis, Verizon, Dunkin’, McDonald’s, Tractor Supply, Dollar Tree, Advance Auto Parts, NAPA, Mavis Tires, and more.
Lake Ariel is a well-established year-round and seasonal destination, known for its lakes, outdoor recreation, and proximity to Scranton and the New York metro area. The surrounding community features solid household incomes, supporting continued retail demand. With modern construction, a transferable roof warranty through 10/19/2029, and flexible sale or lease potential, this is an exceptional opportunity for investors, retailers, medical users, or service-oriented operators.
Investment highlights
- Repositioning or Redevelopment Opportunity – Modern, former Rite Aid building available for lease or sale, offering flexibility for an incoming investor or user
- 14,673 SF Modern Construction – Built in 2009 and situated on 1.48 acres, providing ample parking and efficient site layout
- Transferrable Roof Warranty - Firestone Red Shield roof warranty in place through 10/19/2029
- Prominent Hard-Corner Signalized Location – Signalized intersection along Hamlin Highway with visibility to over 10,500 vehicles per day
- Affluent Surrounding Community – Average household income within a 3-mile radius exceeds $79,697, supporting strong retail demand
- Strategic Location & Accessibility – Lake Ariel, located in Wayne County, PA, is just 30 minutes from Scranton and two hours from New York City, with convenient access to major highways
- Popular Second-Home & Vacation Market – Known for its scenic lakes, forests, and outdoor recreation, Lake Ariel attracts both full-time residents and seasonal visitors from Pennsylvania, New Jersey, and New York.
- National Tenants Surrounding Site: CVS Pharmacy, Mavis Tires, Weis, Goodwill, Verizon, Dunkin Donuts, McDonald's, Tractor Supply, Advance Auto Parts, Napa, Valero, Dollar Tree, and more
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