309 Dunmore Street, Throop, PA 18512 (MLS# 22-700)

309 Dunmore Street, Throop, PA 18512

$320,000
Property Type: Commercial Sale Square Footage: 6,850 Lot Size (sq. ft.): 20,038 Status: Closed
Current Price: $320,000 List Date: 3/03/2022 Last Modified: 1/15/2025

Description

Immediate income! This property is currently grossing over $70,000/year just off the residential boarding rooms alone. 11 occupied boarding rooms with an excellent rental history. Endless possibilities for the former Iron Rail Tavern. Property consists of bar/tavern with approximately 32 seats, a banquet hall with stage, dance floor and fully operational kitchen that accommodates 150 people, a full basement with 2 coolers an ample storage, turnkey pizza parlor, 10 boarding rooms plus 1 private apartment and a detached 512 SF building with 1/2 bath. Large paved and fenced parking lot for 20+ cars. Sale includes ''R'' liquor license., Tax Information: Available, Ceiling Height: Up to 8' - Y, Additional Info: Boarding rooms are rented for $130/week. 1 apartment with private bath and kitchenette is rented for $160/week. There is a very low vacancy rate. 2 additional lots included in the sale: Lot 1 PIN12517030063 is 55x131x42x10x95x141 Deed Book/Page 1042/0359 Lot 2 PIN 12517030062 is 52x183x50x172 Deed Book/Page 1051/0425 Lot 3 PIN 12517030066 is 42x57x42x57 Deed Book/Page 1042/0359, Ceiling Height: 9' to 12'- Y, Overhead Door Height: 9' to 12'- Y, Overhead Door Height: Up to 8'- Y

More Information MLS# 22-700

Contract Information

Current Price: $320,000 Sold Price: $320,000 Status: Closed Listing Contract Date: 2021-06-26 Property Attached YN: No Listing Agreement: Exclusive Right To Sell Owner Name: Ronald and Rea Fritz Environmental Survey YN: No

Location Tax and Legal

Street Number: 309 Street Name: Dunmore Street Suffix: Street State: PA Postal Code: 18512 County: Lackawanna

General Property Information

Building Area Total: 6850 Building Area Total (Report Only): 6850 Enhanced Accessible: No Year Built: 1930 Building Name: N/A Parking Total: 20 Lot Size Acres: 0.46 Lot Size Dimensions: 55X131X40X10X100X141 Land Lease YN: No Waterfront YN: No Basement YN: Yes Stories: 2 Auction YN: No List Price/SqFt: 53.87 Sold Price/SqFt: 46.72

Remarks and Miscellaneous

Public Remarks: Immediate income! This property is currently grossing over $70,000/year just off the residential boarding rooms alone. 11 occupied boarding rooms with an excellent rental history. Endless possibilities for the former Iron Rail Tavern. Property consists of bar/tavern with approximately 32 seats, a banquet hall with stage, dance floor and fully operational kitchen that accommodates 150 people, a full basement with 2 coolers an ample storage, turnkey pizza parlor, 10 boarding rooms plus 1 private apartment and a detached 512 SF building with 1/2 bath. Large paved and fenced parking lot for 20+ cars. Sale includes ''R'' liquor license., Tax Information: Available, Ceiling Height: Up to 8' - Y, Additional Info: Boarding rooms are rented for $130/week. 1 apartment with private bath and kitchenette is rented for $160/week. There is a very low vacancy rate. 2 additional lots included in the sale: Lot 1 PIN12517030063 is 55x131x42x10x95x141 Deed Book/Page 1042/0359 Lot 2 PIN 12517030062 is 52x183x50x172 Deed Book/Page 1051/0425 Lot 3 PIN 12517030066 is 42x57x42x57 Deed Book/Page 1042/0359, Ceiling Height: 9' to 12'- Y, Overhead Door Height: 9' to 12'- Y, Overhead Door Height: Up to 8'- Y Exclusions: No

Status Change Information

Major Change Timestamp: 2023-03-22T15:47:33Z Major Change Type: Status Change Price Change Timestamp: 2022-08-17T13:24:03Z Status Change Timestamp: 2023-03-22 Purchase Contract Date: 2022-11-01 Close Date: 2023-03-21 Close Price: 320000 Concessions: No

Building Features

Included In Contract: Land/Building Retail SqFt: 3900

Road Frontage Type

Road Frontage Length: 100

Property Features

Building Features: Cooler Space; Equipment Included; Public Restrooms Construction Materials: Stucco; Vinyl Siding Cooling: None Current Use: See Remarks Electric: Circuit Breakers Flooring: Carpet; Vinyl; Wood Heating: Natural Gas Levels: One and One Half Listing Terms: Cash Lot Features: Corner Lot; Level; Near Central Business District Parking Features: Asphalt; Paved Possession: Negotiable Road Surface Type: Paved Roof: Composition; Rubber; Wood Sewer: Public Sewer Special Licenses: Liquor Water Source: Public Showing Requirements: Appointment Only; Showing Service
Listing Office: CLASSIC PROPERTIES
Last Updated: January - 15 - 2025
Information deemed reliable but not guaranteed.