As the exclusive agent, NAI James E. Hanson (“Broker”) is pleased to offer for sale a fee simple interest in 665 Carey Avenue, Wilkes Barre, PA (“The
Property”). This 32,750 SF retail shopping center is strategically located along a major thoroughfare, just minutes from Routes 81, 11, and 309, as well
as numerous retail and office complexes in Wilkes Barre’s Central Business District.
Currently 100% occupied, the Property boasts a strong history of tenant retention and offers investors an opportunity to enhance NOI by bringing in-place below-market rents to market value. The Property has undergone significant capital improvements, including a new roof (2017), LED façade lighting (2022), new electrical service (2021) with 3-phase power, and a repaved and restriped parking lot. Situated in one of Eastern Pennsylvania’s most thriving and highly amenitized submarkets, the Property benefits from strong local demographics, ongoing residential development, and a dense retail presence. With a weighted average lease term of 5.4 years and a history of consistent 100% occupancy, the Property presents a compelling investment opportunity with stable cash flow and future upside potential. The current weighted average rental rate of $8.85 PSF further underscores its value proposition for investors seeking long-term growth.