717-725 Justus Boulevard, Scott Twp, PA 18411 (MLS# 19-1083)
717-725 Justus Boulevard, Scott Twp, PA 18411
$630,000
Property Type:
Commercial Sale
Square Footage:
21,368
Lot Size (sq. ft.):
143,748
Status:
Closed
Current Price:
$630,000
List Date:
3/18/2019
Last Modified:
9/13/2024
Description
Fantastic investment opportunity on high traffic road in the heart of Justus business area. Located near Powell's Equipment and Corky's Garden Center, this clean and well maintained property consists of three buildings that house 10 residential apartments and 3 office spaces (currently leased by Justus Veterinary Clinic). Fully leased, with long term tenants, this investment generates ~$115,000 gross revenue annually. Don't miss this opportunity!, Tax Information: Available, Ceiling Height: Up to 8' - Y, Additional Info: Additional Parcel No. 0920103000105 (297x617x110x571); taxes $3,720.80. Total taxes for property $14,882.80., Ceiling Height: 9' to 12'- Y, No Overhead Door: Y
More Information MLS# 19-1083
Contract Information
Current Price: $630,000
Sold Price: $630,000
Status: Closed
Listing Contract Date: 2019-03-18
Property Attached YN: No
Listing Agreement: Exclusive Right To Sell
Owner Name: James & Kimberly Pierson
Environmental Survey YN: No
Location Tax and Legal
Street Number: 717-725
Street Name: Justus
Street Suffix: Boulevard
State: PA
Postal Code: 18411
County: Lackawanna
General Property Information
Building Area Total: 21368
Building Area Total (Report Only): 21368
Enhanced Accessible: No
Year Built: 9999
Building Name: N/A
Parking Total: 40
Lot Size Acres: 3.3
Lot Size Dimensions: 295x338x155
Land Lease YN: No
Waterfront YN: No
Basement YN: Yes
Stories: 2
Auction YN: No
List Price/SqFt: 34.4
Sold Price/SqFt: 29.48
Remarks and Miscellaneous
Public Remarks: Fantastic investment opportunity on high traffic road in the heart of Justus business area. Located near Powell's Equipment and Corky's Garden Center, this clean and well maintained property consists of three buildings that house 10 residential apartments and 3 office spaces (currently leased by Justus Veterinary Clinic). Fully leased, with long term tenants, this investment generates ~$115,000 gross revenue annually. Don't miss this opportunity!, Tax Information: Available, Ceiling Height: Up to 8' - Y, Additional Info: Additional Parcel No. 0920103000105 (297x617x110x571); taxes $3,720.80. Total taxes for property $14,882.80., Ceiling Height: 9' to 12'- Y, No Overhead Door: Y
Exclusions: Personal Property Belonging to Tenants
Status Change Information
Major Change Timestamp: 2019-06-26T19:34:16Z
Major Change Type: Status Change
Status Change Timestamp: 2019-06-26
Purchase Contract Date: 2019-05-08
Close Date: 2019-06-26
Close Price: 630000
Building Features
Included In Contract: Land/Building
Office SqFt: 8780
Income and Expenses
Annual Total Expense: 58550.8
Fire Insurance Expense: 8681
Gross Income: 114456
Heat Expense: 5853
Net Operating Income: 55905.2
New Taxes Expense: 14700
Other Expense: 10783
Sewer Expense: 6636
Road Frontage Type
Road Frontage Length: 295
Property Features
Building Features: Exterior Storage; Finished Office; High Traffic Area; Interior Storage; Separate Utilities; Window(s)
Business Type: Dental; Medical
Construction Materials: Aluminum Siding; Vinyl Siding
Cooling: Window Unit(s)
Current Use: Residential
Electric: Circuit Breakers
Flooring: Carpet; Vinyl
Heating: Forced Air; Hot Water; Oil
Levels: One and One Half
Listing Terms: Cash; Conventional
Lot Features: Level; Near General Business; Sloped; Wooded
Parking Features: Asphalt; Paved
Possession: Negotiable
Road Frontage Type: State Road
Road Surface Type: Paved
Roof: Composition; Wood
Sewer: Public Sewer
Water Source: Well
Showing Requirements: Appointment Only; Call Listing Agent; Text Listing Agent
Listing Office: Lewith & Freeman RE, Inc.
Last Updated: September - 13 - 2024
Information deemed reliable but not guaranteed.