228 S Main Street, Old Forge, PA 18518 (MLS# 21-2479)

228 S Main Street, Old Forge, PA 18518

$430,000

Property Type: Commercial Sale Square Footage: 8,578 Lot Size (sq. ft.): 10,454 Status: Closed

Current Price: $430,000 List Date: 5/02/2022 Last Modified: 9/13/2024

Description

High traffic mixed use property in the middle of the Old Forge business district. Two commercial units on the first floor. Two private residential units on the second floor. Great tenants and lease terms. Additional office space available on the second floor and garage offer additional income sources. Vacant retail unit offers ample space for a business start up with rental income for added security. Rent it out and add to the already solid rent rolls. Also includes single family home in rear of property 238 Railroad St., Tax Information: Available, Ceiling Height: Up to 8' - Y, Additional Info: 3 deeds PIN 17516020006 Main Building PIN17516020018 and PIN 17516020019 Railroad Street, Ceiling Height: 13' to 16'- Y, Overhead Door Height: 9' to 12'- Y

More Information MLS# 21-2479

Contract Information

Current Price: $430,000 Sold Price: $430,000 Status: Closed Listing Contract Date: 2021-06-15 Property Attached YN: No Listing Agreement: Exclusive Agency Owner Name: Chris Scavo Environmental Survey YN: No

Location Tax and Legal

Street Number: 228 Street Direction Prefix: S Street Name: Main Street Suffix: Street State: PA Postal Code: 18518 County: Lackawanna

General Property Information

Building Area Total: 8578 Building Area Total (Report Only): 8578 Enhanced Accessible: No Year Built: 1920 Building Name: N/A Garage Spaces: 2 Parking Total: 16 Lot Size Acres: 0.24 Lot Size Dimensions: 50X146X81X45X50X147 Land Lease YN: No Waterfront YN: No Basement YN: Yes Stories: 2 Auction YN: No List Price/SqFt: 53.51 Sold Price/SqFt: 50.13

Remarks and Miscellaneous

Public Remarks: High traffic mixed use property in the middle of the Old Forge business district. Two commercial units on the first floor. Two private residential units on the second floor. Great tenants and lease terms. Additional office space available on the second floor and garage offer additional income sources. Vacant retail unit offers ample space for a business start up with rental income for added security. Rent it out and add to the already solid rent rolls. Also includes single family home in rear of property 238 Railroad St., Tax Information: Available, Ceiling Height: Up to 8' - Y, Additional Info: 3 deeds PIN 17516020006 Main Building PIN17516020018 and PIN 17516020019 Railroad Street, Ceiling Height: 13' to 16'- Y, Overhead Door Height: 9' to 12'- Y Exclusions: No

Status Change Information

Major Change Timestamp: 2022-08-26T18:44:33Z Major Change Type: Status Change Status Change Timestamp: 2022-08-26 Purchase Contract Date: 2022-06-07 Close Date: 2022-08-26 Close Price: 430000 Concessions: No

Building Features

Included In Contract: Building Only Office SqFt: 1744 Retail SqFt: 1400

Income and Expenses

Gross Income: 56400

Road Frontage Type

Road Frontage Length: 50

Property Features

Building Features: Cooler Space; Finished Office; Garage Bays; High Traffic Area; Separate Utilities Construction Materials: Stucco Cooling: Central Air Current Use: Commercial; Mixed Use; Office; Residential; Retail Electric: 200 or Less Amp Service; 220 Volts; Circuit Breakers Flooring: Carpet; Ceramic Tile; Concrete; Vinyl Heating: Forced Air; Hot Water; Natural Gas; Zoned Levels: One and One Half Listing Terms: Cash; Conventional Lot Features: Level; Near Central Business District Parking Features: Asphalt; Garage; Parking Lot Possession: Negotiable Road Surface Type: Paved Roof: Composition; Rubber; Wood Sewer: Public Sewer Water Source: Public Showing Requirements: Appointment Only; Call Listing Agent; Text Listing Agent

Listing Office: Lewith & Freeman RE, Inc.

Last Updated: September - 13 - 2024

Information deemed reliable but not guaranteed.