200-202 N Main Avenue, Scranton, PA 18504 (MLS# SC-250654)
200-202 N Main Avenue, Scranton, PA 18504
$1,199,000
Property Type:
Commercial Sale
Square Footage:
15,000
Lot Size (sq. ft.):
4,792
Status:
Active
Current Price:
$1,199,000
List Date:
2/17/2025
Last Modified:
2/17/2025
Description
EXCELLENT INVESTMENT OPPORTUNITY! This meticulously renovated three-story commercial building offers a lucrative mix of residential and commercial spaces, ideal for the savvy investor. The property features eight modern apartments, each with its own unique charm and all equipped with separate utilities, ensuring ease of management and tenant satisfaction. On the ground floor, a thriving restaurant attracts regular patrons and adds a vibrant ambiance to the building. Additionally, two spacious office spaces provide a professional setting for businesses, further diversifying the income potential. With its prime location and impressive renovations, this building is a rare find that promises excellent returns. Don't miss out on this exceptional opportunity to invest in a property that combines residential comfort with commercial profitabilit
More Information MLS# SC-250654
Contract Information
Current Price: $1,199,000
List Price: $1,199,000
Status: Active
Listing Contract Date: 2025-02-17
Property Sub Type: Multi Family
Property Attached YN: No
Listing Agreement: Exclusive Right To Sell
Owner Name: 200-202 NORTH MAIN AVENUE LLC
Availability Date: 2025-02-17
Environmental Survey YN: No
Location Tax and Legal
Street Number: 200-202
Street Direction Prefix: N
Street Name: Main
Street Suffix: Avenue
State: PA
Postal Code: 18504
County: Lackawanna
General Property Information
Number Of Buildings: 1
Number Of Units Total: 11
Building Area Total: 15000
Building Area Total (Report Only): 15000
Enhanced Accessible: No
Year Built: 1930
Lot Size Acres: 0.11
Lot Size Dimensions: 41X116X45X116
Lot Dimensions Source: Assessor
Land Lease YN: No
Waterfront YN: No
Basement YN: No
Stories: 3
Sign On Property YN: No
Rent Control YN: No
Auction YN: No
List Price/SqFt: 79.93
Remarks and Miscellaneous
Public Remarks: EXCELLENT INVESTMENT OPPORTUNITY! This meticulously renovated three-story commercial building offers a lucrative mix of residential and commercial spaces, ideal for the savvy investor. The property features eight modern apartments, each with its own unique charm and all equipped with separate utilities, ensuring ease of management and tenant satisfaction. On the ground floor, a thriving restaurant attracts regular patrons and adds a vibrant ambiance to the building. Additionally, two spacious office spaces provide a professional setting for businesses, further diversifying the income potential. With its prime location and impressive renovations, this building is a rare find that promises excellent returns. Don't miss out on this exceptional opportunity to invest in a property that combines residential comfort with commercial profitabilit
Status Change Information
Major Change Timestamp: 2025-02-17T17:45:56Z
Major Change Type: New Listing
Status Change Timestamp: 2025-02-17
Building Features
Included In Contract: Land/Building
Income and Expenses
Gross Income: 136620
Net Operating Income: 113000.77
Operating Expense: 23619
Property Features
Building Features: High Traffic Area; Prime Location
Business Type: Commercial; Mixed; Real Estate; Rental; Residential; Restaurant
Construction Materials: Block; Brick
Cooling: Central Air
Current Use: Mixed Use; Multi-Family; Office
Electric: 200+ Amp Service
Flooring: Carpet; Vinyl
Heating: Forced Air; Natural Gas
Levels: Three Or More
Lot Features: Corner Lot; Level
Parking Features: On Street
Sewer: Public Sewer
Structure Type: Mixed Use; Multi Family; Office; Retail
Water Source: Public
Listing Office: ERA One Source Realty
Last Updated: February - 17 - 2025
Information deemed reliable but not guaranteed.