525 527 Cedar Avenue, Scranton, PA 18505 (MLS# SC-252260)
525 527 Cedar Avenue, Scranton, PA 18505
$860,000
Property Type:
Commercial Sale
Square Footage:
5,685
Lot Size (sq. ft.):
6,098
Status:
Active
Current Price:
$860,000
List Date:
5/13/2025
Last Modified:
5/16/2025
Description
6 UNITS! 2 Store fronts currently a barber shop and salon shop. 2nd floor has 3 residential units. 3rd floor (penthouse) 1 large unit. Property is in good condition with good visibility and traffic count. Great downtown Southside location with alley access in rear and off street parking for 3rd floor
More Information MLS# SC-252260
Contract Information
Current Price: $860,000
List Price: $860,000
Status: Active
Listing Contract Date: 2025-05-12
Property Sub Type: Mixed Use
Listing Agreement: Exclusive Right To Sell
Listing Service: Full Service
Owner Name: Catapano Connie F
Environmental Survey YN: No
Location Tax and Legal
Street Number: 525
Street Name: 527 Cedar
Street Suffix: Avenue
State: PA
Postal Code: 18505
County: Lackawanna
General Property Information
Number Of Buildings: 1
Number Of Units Total: 6
Building Area Total: 5685
Building Area Total (Report Only): 5685
Enhanced Accessible: No
Year Built: 1920
Lot Size Acres: 0.14
Lot Size Dimensions: 40X150
Land Lease YN: No
Waterfront YN: No
Basement YN: No
Stories: 3
Sign On Property YN: No
Auction YN: No
List Price/SqFt: 151.28
Remarks and Miscellaneous
Public Remarks: 6 UNITS! 2 Store fronts currently a barber shop and salon shop. 2nd floor has 3 residential units. 3rd floor (penthouse) 1 large unit. Property is in good condition with good visibility and traffic count. Great downtown Southside location with alley access in rear and off street parking for 3rd floor
Status Change Information
Major Change Timestamp: 2025-05-13T20:09:46Z
Major Change Type: New Listing
Status Change Timestamp: 2025-05-13
Building Features
Retail SqFt: 2400
Income and Expenses
Annual Total Expense: 13825
Gross Income: 93000
Insurance Expense: 5077
Net Operating Income: 79175
New Taxes Expense: 5748
Sewer Expense: 1500
Water Expense: 1500
Property Features
Business Type: Barber/Beauty
Construction Materials: Cedar
Current Use: Multi-Family
Electric: Circuit Breakers
Flooring: Laminate; Tile
Heating: Electric; Natural Gas
Levels: Three Or More
Listing Terms: Cash
Owner Pays: Insurance; Sewer; Taxes; Water
Parking Features: On Street
Possession: Close Of Escrow
Road Frontage Type: City Street
Road Surface Type: Asphalt
Roof: Rubber; Shingle
Sewer: Public Sewer
Structure Type: Mixed Use; Multi Family
Tenant Pays: Electricity; Hot Water
Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected
Water Source: Public
Showing Requirements: Showing Service
Listing Office: Keller Williams Real Estate-Clarks Summit
Last Updated: May - 16 - 2025
Information deemed reliable but not guaranteed.