106 S 108 S Main Avenue, Scranton, PA 18504
$400,000
Property Type:
Commercial Sale
Square Footage:
5,535
Status:
Closed
Current Price:
$400,000
List Date:
8/12/2024
Last Modified:
12/12/2024
Listing Details MLS# PW-242489
General Property Information
- Number Of Buildings
- Yes
- Number Of Units Total
- 8
- Above Grade Finished Area
- 4235
- Below Grade Finished Area
- 1300
- Building Area Total
- 5535
- Living Area
- 5535
- Year Built
- 1920
- Waterfront YN
- No
- Water Body Name
- None
- Basement YN
- Yes
- Stories
- 3
- List Price/SqFt
- 90.15
- Sold Price/SqFt
- 72.27
Property Features
Basement:
Full; Unfinished
Current Use:
Investment; Mixed Use
Flooring:
Luxury Vinyl
Heating:
Electric
Levels:
Three Or More
Lot Features:
Near General Business
Owner Pays:
Common Area Maintenance; Electricity; Gas; Security; Sewer; Water; See Remarks
Parking Features:
On Street
Possible Use:
Commercial; Mixed Use
Property Condition:
Fixer; Updated/Remodeled
Road Frontage Type:
City Street
Roof:
Foam
Security Features:
Closed Circuit Camera(s)
Sewer:
Public Sewer
Structure Type:
Mixed Use
Tenant Pays:
Electricity
Water Source:
Public
Contract Information
- Listing Contract Date
- 2024-08-06
- Property Sub Type
- Mixed Use
- Listing Service
- Full Service
- Environmental Survey YN
- No
Location Tax and Legal
- Street Number
- 106
- Street Direction Prefix
- S
- Street Name
- 108 S Main
- Street Suffix
- Avenue
- County
- Lackawanna
- State
- PA
- Postal Code
- 18504
- Subdivision Name
- None
Remarks and Miscellaneous
- Public Remarks
- Prime Mixed-Use Commercial Building in Vibrant Scranton, PA Welcome to an exceptional investment opportunity in the heart of Scranton, PA! This 8-unit mixed-use commercial building features two prime storefronts and six residential apartments above. With a fantastic location and high demand for rental units, this property offers substantial income potential. The commercial storefronts are ideally situated to attract a steady flow of foot traffic, ensuring consistent business for tenants. Upstairs, four of the six apartments are move-in ready, featuring new flooring and other upgrades. The remaining two units offer a great opportunity for rehab, allowing the new owner to customize and enhance their value. Recent property improvements include security cameras, ensuring a safe environment for tenants and added peace of mind for the owner. To further increase rental income, consider adding coin-operated laundry facilities, a sought-after amenity for tenants. The demand for these units is incredibly high, making it easy to lease out the spaces quickly. This well-maintained building, with its blend of commercial and residential spaces, is perfect for investors looking to capitalize on Scranton's growing market. Don't miss your chance to own this versatile and profitable property. Schedule a viewing today and start reaping the benefits!
Status Change Information
- Major Change Timestamp
- 2024-12-12T21:26:45Z
- Major Change Type
- Status Change
- Purchase Contract Date
- 2024-11-12
- Close Date
- 2024-12-12
- Close Price
- 400000
- Buyer Financing
- Cash
More Information
Income and Expenses
- Electric Expense
- 1329.49
- Fuel Expense
- 573.63
- Insurance Expense
- 6741.49
- Water Expense
- 5357.41
Location, Tax, and Legal
- Municipality
- City Of Scranton
- High School District
- Scranton School District
- County Tax Amount
- 1414.97
- Municipal Tax Amount
- 1170.4
- School Tax Amount
- 3289.34
- Tax Annual Amount
- 5874.71
- Tax Assessed Value
- 22248
- Parcel Number
- 14518040051
- Zoning
- Commercial
- Tax Book Number
- 202129097
Basement
- Full
- Yes
- Unfinished
- Yes
Current Use
- Investment
- Yes
- Mixed Use
- Yes
Flooring
- Luxury Vinyl
- Yes
Heating
- Electric
- Yes
Levels
- Three Or More
- Yes
Lot Features
- Near General Business
- Yes
Parking Features
- On Street
- Yes
Property Condition
- Fixer
- Yes
- Updated/Remodeled
- Yes
Road Frontage Type
- City Street
- Yes
Roof
- Foam
- Yes
Security Features
- Closed Circuit Camera(s)
- Yes
Sewer
- Public Sewer
- Yes
Structure Type
- Mixed Use
- Yes
Water Source
- Public
- Yes
Owner Pays
- Common Area Maintenance
- Yes
- Electricity
- Yes
- Gas
- Yes
- Security
- Yes
- Sewer
- Yes
- Water
- Yes
- See Remarks
- Yes
Possible Use
- Commercial
- Yes
- Mixed Use
- Yes
Tenant Pays
- Electricity
- Yes
Documents
Lead-Based Paint Hazards Disclosure ›
Listing Office:
SIX PM LLC
Last Updated: December - 12 - 2024
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