277 Drinker Tpke, Covington Twp, PA 18424 (MLS# SC-251492)
277 Drinker Tpke, Covington Twp, PA 18424
$459,900
Property Type:
Commercial Sale
Square Footage:
3,270
Lot Size (sq. ft.):
3,485
Status:
Active
Current Price:
$459,900
List Date:
4/06/2025
Last Modified:
4/23/2025
Description
Prime Investment Opportunity in Covington Township! This mixed-use property offers a solid return with two fully rented residential units and a vacant commercial space ready for your next venture. Previously home to a restaurant, the commercial area offers flexible potential for a variety of business types—plus excellent visibility and traffic along Drinker Turnpike.
Situated on over half an acre with ample parking, this property combines steady rental income with room to grow. Whether you're expanding your portfolio or looking for a value-add opportunity, this is one you don't want to miss.
All measurements and information is not warranted or guaranteed
More Information MLS# SC-251492
Contract Information
Current Price: $459,900
List Price: $459,900
Status: Active
Listing Contract Date: 2025-04-06
Property Sub Type: Mixed Use
Property Attached YN: Yes
Listing Agreement: Exclusive Right To Sell
Listing Service: Full Service
Owner Name: PEAK MOUNTAIN PROPERTIES LLC
Environmental Survey YN: Yes
Location Tax and Legal
Street Number: 277
Street Name: Drinker Tpke
State: PA
Postal Code: 18424
County: Lackawanna
General Property Information
Number Of Units Total: 3
Building Area Total: 3270
Building Area Total (Report Only): 3270
Enhanced Accessible: Yes
Year Built: 1950
Parking Total: 24
Lot Size Acres: 0.08
Lot Size Dimensions: 261X256X111X178
Waterfront YN: No
Stories: 1
List Price/SqFt: 140.64
Remarks and Miscellaneous
Public Remarks: Prime Investment Opportunity in Covington Township! This mixed-use property offers a solid return with two fully rented residential units and a vacant commercial space ready for your next venture. Previously home to a restaurant, the commercial area offers flexible potential for a variety of business types—plus excellent visibility and traffic along Drinker Turnpike.
Situated on over half an acre with ample parking, this property combines steady rental income with room to grow. Whether you're expanding your portfolio or looking for a value-add opportunity, this is one you don't want to miss.
All measurements and information is not warranted or guaranteed
Status Change Information
Major Change Timestamp: 2025-04-06T23:36:15Z
Major Change Type: New Listing
Status Change Timestamp: 2025-04-06
Building Features
Included In Contract: Land/Building
Income and Expenses
Electric Expense: 3000
Gross Income: 25200
Insurance Expense: 2000
Water Expense: 1200
Property Features
Accessibility Features: Accessible Approach with Ramp
Building Features: Interior Storage; Prime Location; Public Restrooms; Refrigerator Space; Separate Utilities; Sprinkler System; Turnkey Operations
Business Type: Bar/Tavern/Lounge; Commercial; Food & Beverage; Mixed; Restaurant
Current Financing: None
Current Use: Residential
Electric: 200+ Amp Service
Flooring: Laminate
Heating: Electric; Oil; Separate Meters
Listing Terms: Cash; Conventional
Lot Features: Irregular Lot; Near Corporate Center; Near Shopping Center
Owner Pays: Insurance; Taxes
Parking Features: No Garage; Off Street; Parking Pad
Possession: Close Of Escrow
Possible Use: Commercial; Investment
Property Condition: Updated/Remodeled
Road Surface Type: Gravel; See Remarks
Roof: Asphalt
Sewer: Public Sewer
Structure Type: Mixed Use
Tenant Pays: Electricity; Snow Removal
Water Source: Well
Showing Requirements: Appointment Only
Listing Office: LUXE Homes Real Estate LLC
Last Updated: April - 23 - 2025
Information deemed reliable but not guaranteed.