610 Morgan Highway, South Abington Twp, PA 18411 (MLS# 23-673)

Current Price: $385,000 Sold Price: $385,000 Status: Closed Listing Contract Date: 2023-02-20 Property Attached YN: No Listing Agreement: Exclusive Right To Sell Owner Name: Cherry Hill Partners LLC Environmental Survey YN: No

Street Number: 610 Street Name: Morgan Street Suffix: Highway State: PA Postal Code: 18411 County: Lackawanna

Building Area Total: 2485 Building Area Total (Report Only): 2485 Enhanced Accessible: No Year Built: 1960 Building Name: N/A Parking Total: 35 Lot Size Acres: 0.57 Lot Size Dimensions: 125X200 Land Lease YN: No Waterfront YN: No Basement YN: No Stories: 1 Sign On Property YN: Yes Auction YN: No List Price/SqFt: 160.97 Sold Price/SqFt: 154.93

Public Remarks: Single tenant investment. 2,485 SF office building with strong tenant in net lease (tenant pays for all utilities). Lease provides for renewal option with escalations. Low maintenance property. Priced at an attractive 7% cap rate. Located miles from downtown Scranton., Tax Information: Available, Ceiling Height: 9' to 12'- Y, No Overhead Door: Y Exclusions: No

Major Change Timestamp: 2023-04-25T20:22:20Z Major Change Type: Status Change Status Change Timestamp: 2023-04-25 Purchase Contract Date: 2023-03-08 Close Date: 2023-04-21 Close Price: 385000 Concessions: No Buyer Financing: Cash

Included In Contract: Building Only Office SqFt: 2485

Road Frontage Length: 201

Building Features: Finished Office; Public Restrooms; Window(s) Construction Materials: Stone; Stucco Cooling: Central Air Current Use: Office Electric: Circuit Breakers Flooring: Ceramic Tile Heating: Electric; Heat Pump Levels: One Listing Terms: Cash; Conventional Lot Features: Level Parking Features: Circular Driveway; Parking Lot Possession: Negotiable Road Surface Type: Paved Roof: Asbestos Shingle Sewer: Septic Tank Water Source: Well Showing Requirements: Call Listing Agent