309 Dunmore Street, Throop, PA 18512 (MLS# 22-700)
309 Dunmore Street, Throop, PA 18512
$320,000
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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.