637 639 Northern Boulevard, South Abington Twp, PA 18411 (MLS# 21-591)
637 639 Northern Boulevard, South Abington Twp, PA 18411
$660,000
Property Type:
Commercial Sale
Square Footage:
7,540
Lot Size (sq. ft.):
21,780
Status:
Closed
Current Price:
$660,000
List Date:
2/24/2021
Last Modified:
9/13/2024
Description
Fully rented income producing investment property located in the Abingtons. Conveniently located on Rt 6/11 with easy access to Interstate 81, PA Turnpike, Rt 6/11 and Scranton Expressway. Contains 2 retail/restaurant spaces on first floor and offices on second floor. Newer roof, recently painted, handicap accessible, great visibility, parking for 26 cars. Located in C-1 General Commercial Zoning., Tax Information: Available, Ceiling Height: Up to 8' - Y, Additional Info: 2018 Gross Income: $85,054;
2018 Expenses: $43,006;
2018 Net Income: $43,048;
Cap Rate: 4.53%, No Overhead Door: Y
More Information MLS# 21-591
Contract Information
Current Price: $660,000
Sold Price: $660,000
Status: Closed
Listing Contract Date: 2020-11-11
Property Attached YN: No
Listing Agreement: Exclusive Right To Sell
Owner Name: Stephen G. Selige
Environmental Survey YN: No
Location Tax and Legal
Street Number: 637
Street Name: 639 Northern
Street Suffix: Boulevard
State: PA
Postal Code: 18411
County: Lackawanna
General Property Information
Building Area Total: 7540
Building Area Total (Report Only): 7540
Enhanced Accessible: No
Year Built: 1990
Building Name: N/A
Parking Total: 26
Lot Size Acres: 0.5
Lot Size Dimensions: 154X122X153X150
Land Lease YN: No
Waterfront YN: No
Basement YN: No
Stories: 2
Sign On Property YN: Yes
Auction YN: No
List Price/SqFt: 118.57
Sold Price/SqFt: 87.53
Remarks and Miscellaneous
Public Remarks: Fully rented income producing investment property located in the Abingtons. Conveniently located on Rt 6/11 with easy access to Interstate 81, PA Turnpike, Rt 6/11 and Scranton Expressway. Contains 2 retail/restaurant spaces on first floor and offices on second floor. Newer roof, recently painted, handicap accessible, great visibility, parking for 26 cars. Located in C-1 General Commercial Zoning., Tax Information: Available, Ceiling Height: Up to 8' - Y, Additional Info: 2018 Gross Income: $85,054;
2018 Expenses: $43,006;
2018 Net Income: $43,048;
Cap Rate: 4.53%, No Overhead Door: Y
Exclusions: No
Status Change Information
Major Change Timestamp: 2021-02-24T16:41:22Z
Major Change Type: Status Change
Status Change Timestamp: 2021-02-24
Purchase Contract Date: 2020-11-11
Close Date: 2021-02-22
Close Price: 660000
Concessions: No
Buyer Financing: Conventional
Building Features
Included In Contract: Land/Building
Number of Docks: 2
Office SqFt: 3510
Retail SqFt: 4030
Income and Expenses
Annual Total Expense: 34300
Gross Income: 93675
Net Operating Income: 59375
Road Frontage Type
Road Frontage Length: 153
Property Features
Building Features: Cooler Space; Freezer Space; High Traffic Area; Loading Dock(s); Prime Location
Business Type: Restaurant
Construction Materials: Stucco; Wood Siding
Cooling: Central Air; Wall Unit(s)
Current Use: Commercial; Office; Retail
Electric: 200 or Less Amp Service; 200+ Amp Service; 220 Volts; Circuit Breakers
Flooring: Carpet; Vinyl; Wood
Heating: Baseboard; Electric; Forced Air; Natural Gas
Levels: One and One Half
Listing Terms: Cash; Conventional
Lot Features: Level; Near General Business; Near Office Center
Parking Features: Accessible Parking; Asphalt
Possession: Negotiable
Road Frontage Type: State Road
Roof: Composition; Wood
Sewer: Public Sewer
Water Source: Public
Waterfront Features: Creek; Stream
Showing Requirements: Call Listing Agent
Listing Office: CLASSIC PROPERTIES
Last Updated: September - 13 - 2024
Information deemed reliable but not guaranteed.