895 Providence Road, Scranton, PA 18508 (MLS# 21-1424)
895 Providence Road, Scranton, PA 18508
$500,000
Property Type:
Commercial Sale
Square Footage:
11,820
Lot Size (sq. ft.):
38,333
Status:
Closed
Current Price:
$500,000
List Date:
5/05/2022
Last Modified:
1/15/2025
Description
Fantastic Investment opportunity or relocate your business and let the other tenants pay your mortgage. Mixed use commercial property in a convenient location right off the N Scranton Expressway. Fully occupied with an excellent rent roll and NOI of over $60,000/year or a cap rate of 10.9%. Lots of options as the property is zoned Light Industrial., Tax Information: Available, Ceiling Height: 9' to 12'- Y, Ceiling Height: 13' to 16'- Y, Overhead Door Height: 9' to 12'- Y
More Information MLS# 21-1424
Contract Information
Current Price: $500,000
Sold Price: $500,000
Status: Closed
Listing Contract Date: 2021-04-19
Property Attached YN: No
Listing Agreement: Exclusive Right To Sell
Owner Name: DFM Properties
Environmental Survey YN: No
Location Tax and Legal
Street Number: 895
Street Name: Providence
Street Suffix: Road
State: PA
Postal Code: 18508
County: Lackawanna
General Property Information
Building Area Total: 11820
Building Area Total (Report Only): 11820
Enhanced Accessible: No
Year Built: 1960
Building Name: N/A
Garage Spaces: 4
Parking Total: 20
Lot Size Acres: 0.88
Lot Size Dimensions: See Documents
Land Lease YN: No
Waterfront YN: No
Basement YN: No
Stories: 1
Sign On Property YN: Yes
Auction YN: No
List Price/SqFt: 46.53
Sold Price/SqFt: 42.3
Remarks and Miscellaneous
Public Remarks: Fantastic Investment opportunity or relocate your business and let the other tenants pay your mortgage. Mixed use commercial property in a convenient location right off the N Scranton Expressway. Fully occupied with an excellent rent roll and NOI of over $60,000/year or a cap rate of 10.9%. Lots of options as the property is zoned Light Industrial., Tax Information: Available, Ceiling Height: 9' to 12'- Y, Ceiling Height: 13' to 16'- Y, Overhead Door Height: 9' to 12'- Y
Exclusions: No
Status Change Information
Major Change Timestamp: 2023-03-31T16:18:18Z
Major Change Type: Status Change
Price Change Timestamp: 2021-09-13T15:50:42Z
Status Change Timestamp: 2023-03-31
Purchase Contract Date: 2023-02-14
Close Date: 2023-03-31
Close Price: 500000
Concessions: No
Buyer Financing: Cash
Building Features
Included In Contract: Land/Building
Number of Docks: 1
Retail SqFt: 6876
Warehouse SqFt: 4944
Income and Expenses
Annual Total Expense: 19386
Electric Expense: 501
Fire Insurance Expense: 6511
Gross Income: 68400
Net Operating Income: 49014
New Taxes Expense: 9037
Other Expense: 2765
Sewer Expense: 292
Water Expense: 280
Road Frontage Type
Road Frontage Length: 70
Property Features
Building Features: Garage Bays; Prime Location; Public Restrooms
Business Type: Convenience Store; Warehouse
Construction Materials: Stucco
Current Use: Mixed Use; Retail; Warehouse
Electric: 200 or Less Amp Service; 220 Volts
Flooring: Other
Heating: Forced Air; Natural Gas
Levels: One
Lot Features: Level; Near Central Business District
Parking Features: Asphalt; Paved
Possession: Negotiable
Road Frontage Type: City Street
Road Surface Type: Paved
Roof: Composition; Wood
Sewer: Public Sewer
Water Source: Public
Showing Requirements: Showing Service
Listing Office: CLASSIC PROPERTIES
Last Updated: January - 15 - 2025
Information deemed reliable but not guaranteed.