Former Rite Aid - For Sale or Lease

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:

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Lake Ariel, PA, is a scenic community located in northeastern Pennsylvania's Wayne County, nestled in the Pocono Mountains. Known for its beautiful lakes and outdoor recreation, it attracts both full-time residents and vacationers. The area offers activities like boating, fishing, hiking, and skiing, making it popular year-round. Several residential communities, including Hideout and Wallenpaupack Lake Estates, provide amenities like private beaches, golf courses, and clubhouses. Lake Ariel is also close to Lake Wallenpaupack, adding to its appeal with additional water-based recreation. The community is served by the Western Wayne School District and maintains a small-town charm with local shops and restaurants. Its close proximity to Scranton and major highways makes it accessible for those seeking a scenic retreat near urban conveniences. Wayne is a county in the Commonwealth of Pennsylvania. The county's population was 51,155 at the 2020 census.