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Former Rite Aid - For Sale or Lease

$2,275,000

639 Hamlin Highway, Lake Ariel, PA 18436

Active
Last Updated: 06/15/2026

9.1

Cap Rate

482,100

NOI

Details:
Cap Rate:    9.1%
NOI:    $482,100
Building Size:    14,673 sqft
Lot Area:    1.48 acres
Class:    A
Year Built:    2009
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
Description:

N/A

Lake Ariel, Pennsylvania, is a picturesque community located in Wayne County in the heart of Northeastern Pennsylvania’s Pocono Mountains region. Renowned for its natural beauty, pristine lakes, and year round recreational opportunities, Lake Ariel attracts both permanent residents and seasonal visitors seeking an outdoor-oriented lifestyle. The area offers a wide range of activities, including boating, fishing, hiking, camping, skiing, and golfing, making it a popular destination throughout all four seasons.
Several established residential communities, including The Hideout and Wallenpaupack Lake Estates, provide residents with access to private lakes, beaches, golf courses, clubhouses, fitness facilities, and other resort style amenities. The community also benefits from its close proximity to Lake Wallenpaupack, one of Pennsylvania’s largest and most visited recreational lakes, further enhancing the area's appeal for water-based recreation and tourism.
Lake Ariel maintains a welcoming small town atmosphere while offering convenient access to everyday services, local retailers, restaurants, and healthcare providers. The area is served by the highly regarded Western Wayne School District and continues to attract residents seeking a balance between rural charm and modern convenience. Strategically located near major transportation routes and within commuting distance of Scranton and other regional employment centers, Lake Ariel provides easy accessibility while preserving the scenic character that has made the Pocono Mountains a desirable destination for both residents and visitors alike.
Wayne County, Pennsylvania, had a population of 51,155 according to the 2020 U.S. Census and continues to experience demand driven by its quality of life, recreational amenities, and proximity to major Northeastern metropolitan areas.

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