Angel Commercial, LLC is pleased to announce a price reduction on an exceptional retail investment property located at 501 Harford Street W in Milford, PA. Previously listed at $3,475,000, the property is now offered for sale at $3,000,000, delivering a 2024 Projected Net Operating Income (NOI) of $264,103 and an 8.8% capitalization rate, making it an outstanding value for discerning investors.

The property benefits from its proximity to renowned natural attractions, including the Poconos Mountains and the Delaware Water Gap National Recreation Area, which draw thousands of tourists annually for their scenic beauty and recreational opportunities. This 2.77-acre property is within the Development District (DD) Zone and includes two parcels. The first parcel spans 1.94 acres and features a 22,688 SF retail building with two sheltered loading bays and is located at a highly visible intersection with dual curb access on Harford Street W. This building is leased until January 31, 2028, to Pike Farms LLC, operating as Key Food Marketplace, under a triple-net lease. The lease ensures that the tenant covers all maintenance, repairs, and real estate taxes, offering investors a low-maintenance and reliable income stream. The second parcel, comprising 0.84 acres, is currently used for parking but offers potential for separate sale or commercial development.

Geographically advantageous, Milford is a gateway at the tri-state border of Pennsylvania, New Jersey, and New York. This property benefits from seamless connectivity, being only 2.3 miles from the I-84 corridor. The area is a thriving commercial hub, surrounded by national retailers and businesses including Walmart, Rite Aid, McDonald’s, Dunkin, and Walgreens, with a Gulf gas station directly across the street. This bustling environment ensures steady consumer traffic, enhancing the property’s long-term investment appeal.

This price reduction, combined with the property’s prime location in a vibrant and growing tourist region, makes it an unparalleled investment opportunity. Don’t miss the chance to acquire a property offering strong income potential, development possibilities, and a hassle-free ownership experience.

For more information, please contact Jon Angel, President, Angel Commercial, LLC, at (203) 335-6600, Ext.​ 21.