1055 Main Street, Honesdale, PA 18431

$349,900
Property Type: Commercial Sale Square Footage: 6,478 Status: Closed
Current Price: $349,900 List Date: 9/25/2020 Last Modified: 2/17/2026

Overview

Description

AWESOME 8 UNIT INCOME PRODUCING COMMERCIAL/MULTIFAMILY PROPERTIES ON MAIN STREET IN HONESDALE! This mixed-use property consists of 3 separately deeded adjoining parcels, which offer 1,000sqFt store front & 7 residential units. The 2 buildings offer a over 6,400sqFt & 2 levels. The Store Front unit includes ½ bath & 5 single bedroom apartments located above. There is one vacant apartment that need finishing touches to be rented. There are 2 additional single family apartments located in adjacent house. The downstairs unit offers 1 bedroom, 1 bath & the upstairs unit offers 2 bedroom, 1 bath. Multiple on-site parking spots available, great exposure on Main Street in the center of Honesdale! Excellent rental history with terrific tenant longevity, some over 30 years!

Listing Details MLS# 20-3844

General Property Information

Number Of Buildings
2
Number Of Units Total
8
SqFt. Above Grade (Legacy)
4412
SqFt. Below Grade (Legacy)
2066
Building Area Total
6478
Living Area
6478
Year Built
1900
Lot Size Acres
0.08
Water Body Name
None
Stories
2
Leasable Area
6478
List Price/SqFt
54.01
Sold Price/SqFt
54.01

Property Features

Business Type: Barber/Beauty; Florist/Nursery; Gift Shop; Professional Service; Rental Current Use: Commercial; Office; Residential Heating: Natural Gas Listing Terms: Cash; Conventional; Lease Option; VA Loan Lot Features: Corner Lot; Near Public Transit Parking Features: On Site Possession: Negotiable Possible Use: Retail Road Frontage Type: City Street; Highway Road Surface Type: Paved Sewer: Public Sewer Water Source: Public

Contract Information

Listing Contract Date
2020-09-23
Property Attached YN
No

Location Tax and Legal

Street Number
1055
Street Name
Main
Street Suffix
Street
County
Wayne
State
PA
Postal Code
18431
Subdivision Name
None

Remarks and Miscellaneous

Public Remarks
AWESOME 8 UNIT INCOME PRODUCING COMMERCIAL/MULTIFAMILY PROPERTIES ON MAIN STREET IN HONESDALE! This mixed-use property consists of 3 separately deeded adjoining parcels, which offer 1,000sqFt store front & 7 residential units. The 2 buildings offer a over 6,400sqFt & 2 levels. The Store Front unit includes ½ bath & 5 single bedroom apartments located above. There is one vacant apartment that need finishing touches to be rented. There are 2 additional single family apartments located in adjacent house. The downstairs unit offers 1 bedroom, 1 bath & the upstairs unit offers 2 bedroom, 1 bath. Multiple on-site parking spots available, great exposure on Main Street in the center of Honesdale! Excellent rental history with terrific tenant longevity, some over 30 years!

Status Change Information

Major Change Timestamp
2021-11-12T17:14:02Z
Major Change Type
Status Change
Price Change Timestamp
2021-02-04T22:02:46Z
Purchase Contract Date
2021-06-15
Close Date
2021-11-11
Close Price
349900

More Information

Building Features

Included In Contract
Building Only
Number of Levels
2

Income and Expenses

Gross Income
48720

Road Frontage Type

Road Frontage Length
168
City Street
Yes
Highway
Yes

Location, Tax, and Legal

Street Additional Info
106 11th St Honesdale
Municipality
Honesdale Borough
High School District
Wayne Highlands
Cnty&Muni Taxes (Legacy)
4341.61
School Tax Amount
5762.5
Tax Annual Amount
10104.11
Tax Assessed Value
318300
Parcel Number
11-0-0005-0044
Additional Parcels Description
11-0-0005-0045, 11-0-0005-0043
Zoning Description
Commercial
Tax Book Number
D-0246/967

Current Use

Commercial
Yes
Office
Yes
Residential
Yes

Heating

Natural Gas
Yes

Listing Terms

Cash
Yes
Conventional
Yes
Lease Option
Yes
VA Loan
Yes

Lot Features

Corner Lot
Yes
Near Public Transit
Yes

Parking Features

On Site
Yes

Possession

Negotiable
Yes

Road Surface Type

Paved
Yes

Sewer

Public Sewer
Yes

Water Source

Public
Yes

Business Type

Barber/Beauty
Yes
Florist/Nursery
Yes
Gift Shop
Yes
Professional Service
Yes
Rental
Yes

Possible Use

Retail
Yes
Listing Office: RE/MAX WAYNE
Last Updated: February - 17 - 2026
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