2 S Main Street, See Documents for List of Tax ID’s and Addresses, Pittston, PA 18640 (MLS# SC-5905)
2 S Main Street, See Documents for List of Tax ID's and Addresses, Pittston, PA 18640
$7,250,000
Property Type:
Commercial Sale
Square Footage:
62,000
Lot Size (sq. ft.):
5,227
Status:
Active
Current Price:
$7,250,000
List Date:
11/14/2024
Last Modified:
1/03/2025
Description
The Pittston Portfolio is comprised of 4 assets accompanied by 85-90 parking spaces, all within the bustling downtown. Main St has gone through an impressive revitalization over the last 10+ years with street scape and infrastructure improvements, private investment, and community support. All of these factors combined have transformed the look and feel of the downtown as well as sparked many business owners to open or relocate to the Greater Pittston Area. In total, these assets are home to 11 luxury residential units, an upscale casual restaurant, a small batch brewing company, successful coffee shop, financial services and law offices, retail, and health and wellness businesses, all located within a short walk of one another.
More Information MLS# SC-5905
Contract Information
Current Price: $7,250,000
List Price: $7,250,000
Status: Active
Listing Contract Date: 2024-11-11
Property Sub Type: Mixed Use
Listing Agreement: Exclusive Right To Sell
Listing Service: Full Service
Owner Name: Call Listing Agent
Environmental Survey YN: No
Location Tax and Legal
Street Number: 2
Street Direction Prefix: S
Street Name: Main
Street Suffix: Street
State: PA
Postal Code: 18640
County: Luzerne
General Property Information
Number Of Buildings: 5
Number Of Units Total: 27
Building Area Total: 62000
Building Area Total (Report Only): 62000
Enhanced Accessible: No
Year Built: 1940
Year Built Details: Buildings are estimated between 76-100 years old.
Parking Total: 110
Lot Size Acres: 0.12
Lot Size Dimensions: Call Listing Agent for Deeds
Lot Dimensions Source: Public Records
Land Lease YN: No
Waterfront YN: No
Basement YN: Yes
Stories: 2
Auction YN: No
List Price/SqFt: 116.94
Remarks and Miscellaneous
Public Remarks: The Pittston Portfolio is comprised of 4 assets accompanied by 85-90 parking spaces, all within the bustling downtown. Main St has gone through an impressive revitalization over the last 10+ years with street scape and infrastructure improvements, private investment, and community support. All of these factors combined have transformed the look and feel of the downtown as well as sparked many business owners to open or relocate to the Greater Pittston Area. In total, these assets are home to 11 luxury residential units, an upscale casual restaurant, a small batch brewing company, successful coffee shop, financial services and law offices, retail, and health and wellness businesses, all located within a short walk of one another.
Inclusions: Residential kitchen appliances., 14S Main washers and dryers.
Exclusions: Tenants' personal items, trade fixtures, furniture.
Status Change Information
Major Change Timestamp: 2025-01-03T17:12:51Z
Major Change Type: Price Reduced
Price Change Timestamp: 2025-01-03T17:12:51Z
Status Change Timestamp: 2024-11-14
Income and Expenses
Annual Total Expense: 175393.2
Gross Income: 1011780
Property Features
Basement: Other
Building Features: Elevator; Established Business; Prime Location; Public Restrooms; See Remarks
Business Type: Professional/Office; Residential; Retail
Construction Materials: Block; Brick; Metal Siding; See Remarks
Cooling: Central Air
Current Financing: Other
Current Use: Mixed Use; Office; Residential; Retail
Electric: Circuit Breakers
Fencing: None
Flooring: Concrete; Luxury Vinyl; Other
Heating: Electric; Natural Gas
Listing Terms: Cash; Conventional
Parking Features: Off Street
Possession: Close Of Escrow
Possible Use: Mixed Use; Residential; Retail
Property Condition: Updated/Remodeled
Road Frontage Type: City Street
Road Surface Type: Asphalt
Sewer: Public Sewer
Structure Type: Mixed Use
Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected
Water Source: Public
Showing Requirements: Appointment Only; Call Listing Agent
Listing Office: Lewith & Freeman Kingston
Last Updated: January - 03 - 2025
Information deemed reliable but not guaranteed.