650 Washington Avenue, Jermyn, PA 18433 (MLS# SC-2963)

650 Washington Avenue, Jermyn, PA 18433

$585,000
Property Type: Commercial Sale Square Footage: 5,300 Lot Size (sq. ft.): 20,038 Status: Active
Current Price: $585,000 List Date: 6/07/2024 Last Modified: 10/17/2024

Description

ATTENTION ENTREPRENURS, INVESTORS and DREAMERS! Fantastic opportunity to step into a fully functioning and IMMEDIATELY PROFITABLE restaurant business in a hometown setting. Opportunities for a successful, turnkey business in excellent condition don't come around too often. For the past 50 years this diner has been a staple in the community and for the last 20 years, the same owner has cared for, maintained and run this thriving restaurant business. All building maintenance is up-to-date, including new forced hot air, heat, and air conditioning system, new roof, windows, siding, Restaurant, equipment, etc., within the past few years and can confidently go into the next 20 maintenance free. This building has the capacity to seat nearly 100 customers. Sale includes parking lot adjacent to building approximately 35 to 40 cars. All restaurant, equipment, utensils, coolers, freezers, fountains, etc. transfer to new owner. Bonus #1 current owner willing to stay on in any capacity buyer desires to help buyer transition smoothly. This could be as an employee or consultant. Bonus#2 three fully rented apartments above the restaurant with long-term tenants and below market rents. (2) one bedroom one bathroom and (1) two bedroom one bathroom

More Information MLS# SC-2963

Contract Information

Current Price: $585,000 List Price: $585,000 Status: Active Listing Contract Date: 2024-05-29 Property Sub Type: Mixed Use Listing Agreement: Exclusive Right To Sell Owner Name: TIMOOTZOO REALTY LLC Environmental Survey YN: No

Location Tax and Legal

Street Number: 650 Street Name: Washington Street Suffix: Avenue State: PA Postal Code: 18433 County: Lackawanna

General Property Information

Business Name: Waynes Family Restaurant Number Of Units Total: 4 Building Area Total: 5300 Building Area Total (Report Only): 5300 Enhanced Accessible: No Year Built: 1930 Lot Size Acres: 0.46 Lot Size Dimensions: 27X170 Waterfront YN: No Stories: 2 Auction YN: No List Price/SqFt: 110.38

Remarks and Miscellaneous

Public Remarks: ATTENTION ENTREPRENURS, INVESTORS and DREAMERS! Fantastic opportunity to step into a fully functioning and IMMEDIATELY PROFITABLE restaurant business in a hometown setting. Opportunities for a successful, turnkey business in excellent condition don't come around too often. For the past 50 years this diner has been a staple in the community and for the last 20 years, the same owner has cared for, maintained and run this thriving restaurant business. All building maintenance is up-to-date, including new forced hot air, heat, and air conditioning system, new roof, windows, siding, Restaurant, equipment, etc., within the past few years and can confidently go into the next 20 maintenance free. This building has the capacity to seat nearly 100 customers. Sale includes parking lot adjacent to building approximately 35 to 40 cars. All restaurant, equipment, utensils, coolers, freezers, fountains, etc. transfer to new owner. Bonus #1 current owner willing to stay on in any capacity buyer desires to help buyer transition smoothly. This could be as an employee or consultant. Bonus#2 three fully rented apartments above the restaurant with long-term tenants and below market rents. (2) one bedroom one bathroom and (1) two bedroom one bathroom

Status Change Information

Major Change Timestamp: 2024-10-17T19:52:43Z Major Change Type: Price Reduced Price Change Timestamp: 2024-10-17T19:52:43Z Status Change Timestamp: 2024-06-07
Listing Office: Cobblestone Real Estate LLC
Last Updated: October - 17 - 2024
Information deemed reliable but not guaranteed.