Commercial Property for Sale in Old Forge, PA

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Commercial Sale For Sale 880-884 W Oak Street, Old Forge, Pennsylvania 18518

880-884 W Oak Street, Old Forge, Pennsylvania 18518

18Picture(s)
12,760Sqft
Great investment property in Old Forge! See documents for Units, Rent Roll and Expenses.
$849,000
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Commercial Sale For Sale Milwaukee Bennett Street, Old Forge, Pennsylvania 18518

Milwaukee Bennett Street, Old Forge, Pennsylvania 18518

69Picture(s)
3,000Sqft
Rare investment opportunity featuring two houses and an additional parcel of land, all included in one package. Both homes are in need of renovation, offering the perfect chance for investors, contractors, or savvy buyers to add significant value. Whether you choose to flip for profit, renovate and hold as rental properties, or create a multi-income portfolio, the potential here is undeniable.
$370,000
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Commercial Sale For Sale 301 1st Street, Old Forge, Pennsylvania 18518

301 1st Street, Old Forge, Pennsylvania 18518

Parking LotParking(s)
52Picture(s)
87,000Sqft
In the heart of Old Forge, this 87,000SF light-industrial zoned property, consists of approximately 75,000sf dedicated to warehouse, light manufacturing, and distribution space complete with offices, showroom, employee break room, restrooms, parking, loading docks, & garage bays.
$2,400,000
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Commercial Sale For Sale 184 N Main Street, Old Forge, Pennsylvania 18518

184 N Main Street, Old Forge, Pennsylvania 18518

1Picture(s)
0.17Acre
Commercial zoned lot located in Old Forge vacant and ready for your imagination.
$149,995
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Business For Sale 409 N Main Street, Old Forge, PA 18518

409 N Main Street, Old Forge, PA 18518

2Bathroom(s)
12Picture(s)
Positioned in a high-visibility location, this unique property presents a rare opportunity for investors, developers, and business owners seeking flexibility and long-term value. Whether you choose to repurpose the existing structure or pursue a full redevelopment, the possibilities here are extensive.
$495,000
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Industrial For Sale 301 1st Street, Old Forge, PA 18518

301 1st Street, Old Forge, PA 18518

4Bathroom(s)
3Picture(s)
7,000
In the heart of Old Forge this 87,000SF light industrial zoned property consists of approximately 80000 sq ft of warehouse, light manufacturing and distribution space complete with offices, showroom, empolyee breakroom & lockers, restrooms, parking, loading docks & garage bays. Floor to beams range from 10ft-12ft and floor to ceiling is 15 ft.
$2,400,000
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    Commercial Real Estate for Sale in Old Forge, PA

    Commercial real estate for sale in Old Forge PA presents many opportunities for investors looking to tap into the space. This region boasts numerous industrial and office spaces, making it an ideal location for businesses seeking affordable and convenient spaces. Additionally, the resurgence of the manufacturing industry in recent years has led to significant growth in demand for industrial spaces particularly. With its strategic location, excellent connectivity and business-friendly environment, Old Forge presents a thriving commercial real estate market, attracting investors and businesses from diverse industries.

    About Old Forge, PA

    Old Forge, Pennsylvania has a small town feel without a doubt, even if it has a busy main street passing directly through the heart of it. With its self-proclaimed title, the Pizza Capital of the World, this town has grabbed the attention of many famous/infamous people over the years, including David Portnoy, former President Donald J. Trump and Hillary Clinton, to name a few. It’s a thriving commercial real estate market with a steady demand for retail, restaurant and industrial spaces. The town is home to several popular shopping centers including the Old Forge Plaza and the Gateway Shopping Center, which has had good occupancy rates over the years. In addition, Old Forge’s industrial park provides ample space for businesses that require manufacturing, warehousing and distribution facilities. Overall, Old Forge’s commercial real estate market is a viable option for businesses seeking to establish a presence in a prime location, nestled (in a sense) between much of Lackawanna and Luzerne counties, with a solid customer base and reliable infrastructure.

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    FAQs


    How long does it take to close on a commercial property?

    With the complexity involved in commercial real estate loans, it usually takes about three or four months to close on a typical commercial loan. Quicker deals can come together between seventy-five and ninety days to close on a commercial property, though there are exceptions.

    As an investor, make sure you have sufficient time for due diligence – a period of time for completing inspections and investigating intended use, among other things. Before setting a closing date, the purchaser and their agent should consult (real estate/title) attorneys, engineers, inspectors and any other professionals needed to make sure they’re ready to close the deal. All parties will need to be mindful of their availability as well.

    What is the process to buy a commercial property?

    Purchasing a commercial property can be a complex matter, especially as it pertains to the buyer’s analysis. That’s why it’s imperative that you have enough time to investigate. Here are the major points when buying a commercial property:

    • Hire an experienced commercial real estate agent
    • Determine the type of commercial property you need
    • Identify potential properties to buy
    • Set up a showing
    • Decide upon which listing meets your needs
    • Make an offer 
    • Sign a sales agreement
    • Perform due diligence
    • Complete a final walkthrough of the property
    • Close on the property

    Remember, we’re here to help you navigate through these steps.

    How long are commercial real estate loans?

    Commercial real estate loans range from five to ten year terms, but are amortized up to a 25-year term. The longer the loan term, the less the monthly payment. However, a longer loan term means greater interest costs associated with the loan.

    In a situation where a 5-year term was taken for a commercial loan (amortization period of twenty-five years), the investor would make monthly payments over the course of five years based upon the loan being paid off over twenty-five years. At the end of the five years, one balloon payment would need to be made in order to pay off the remaining balance of the loan in full.