Commercial Property for Sale in Pittston, PA

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Commercial Sale For Sale

162 S S. Main Street, Pittston, Pennsylvania 18640

33Picture(s)
2,400
Commercial Property zoned for 5 units, buyer to confirm. Tremendous potential near growing downtown Pittston. Discover this unique opportunity to invest in a convenient commercial property full of untapped potential.
$179,900
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Commercial Sale For Sale

2 S Main Street, Pittston, Pennsylvania 18640

Off StreetParking(s)
37Picture(s)
62,000
The Pittston Portfolio is comprised of 4 assets accompanied by 85-90 parking spaces, all within the bustling downtown. Main St has gone through an impressive revitalization over the last 10+ years with street scape and infrastructure improvements, private investment, and community support.
$7,250,000
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Commercial Sale For Sale

2 S Main Street, Pittston, Pa 18640

22Bathroom(s)
37Picture(s)
15,000
The Pittston Portfolio is comprised of 4 assets accompanied by 85-90 parking spaces, all within the bustling downtown. Main St has gone through an impressive revitalization over the last 10+ years with street scape and infrastructure improvements, private investment, and community support.
$7,250,000
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Commercial Sale For Sale

25 Lambert Street, Pittston, Pa 18640

2Bathroom(s)
25Picture(s)
120
Rare TurnKey Opportunity - 6000 Sq Ft Auto Mechanic Shop - Very successful 50+Year business - includes 4 overhead doors 3 - 9 x 10 and 1 -12.5 x 14 -all shop equipment including hydraulic & mechanical lifts. 25 + paved car lot - well built, well maintained building. Inside Storage -New Metal Roof. Will consider negotiating the business/trade name,or selling just the building.
$695,000
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Commercial Sale For Sale

10 S Main Street, Pittston, Pa 18640

1Bathroom(s)
37Picture(s)
1,312
Beautiful finished storefront currently a tatto shop on Main St, Pittston. Unfinished first floor space for lots of opportunity. 2nd floor apartment ready for buildout/to be finished. Multiple streams of income available. Live in apt work downstairs. High traffic location. Multi use building in the heart of Pittston. Business not with sale of property.
$249,900
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Commercial Sale For Sale

127-157 N Main Street, Pittston, Pa 18640

16Bathroom(s)
66Picture(s)
0.91Acre
Take a step into downtown Pittston's vibrant future! This is an investment opportunity that's as smart as it is exciting! This renovated mixed-use complex is comprised of four architecturally refined buildings with sixteen modernized units, artfully blending one-bedroom & two-bedroom residences with thriving commercial spaces.
$3,450,000
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    Commercial Real Estate for Sale in Pittston, PA

    Commercial real estate for sale in Pittston PA offers a strategic location, coupled with its growing infrastructure and diversified economy, make it a hotspot for commercial real estate investment. The city has a population of 7,600 with a median household income of $51,000, according to World Population Review. With industries ranging from manufacturing to healthcare, investors have a wide range of options to choose from. Overall, Pittston represents a stable investment opportunity for commercial real estate investors.

    About Pittston, PA

    Pittston, Pennsylvania is a city located in Luzerne County on the banks of the Susquehanna River that was originally founded in 1770, making it one of the oldest settlements in Northeastern Pennsylvania. Pittston has a rich history in coal mining, with numerous mines operating in the 19th and 20th centuries. Today, it declares that it’s the Quality Tomato Capital of the World – you be the judge. The city is also home to a diverse range of businesses, including manufacturing, distribution, healthcare and retail. The Pittston Industrial Development Enterprises (PIDA) has been actively partnering with businesses to provide incentives for companies to set up shop in the area, further driving the growth of the commercial real estate sector in town. With its prime location close to metropolitan areas and access to major highways, Pittston’s commercial real estate market is expected to continue to flourish in the coming years.

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    FAQs


    How long does it take to close on a commercial property?

    With the complexity involved in commercial real estate loans, it usually takes about three or four months to close on a typical commercial loan. Quicker deals can come together between seventy-five and ninety days to close on a commercial property, though there are exceptions.

    As an investor, make sure you have sufficient time for due diligence – a period of time for completing inspections and investigating intended use, among other things. Before setting a closing date, the purchaser and their agent should consult (real estate/title) attorneys, engineers, inspectors and any other professionals needed to make sure they’re ready to close the deal. All parties will need to be mindful of their availability as well.

    What is the process to buy a commercial property?

    Purchasing a commercial property can be a complex matter, especially as it pertains to the buyer’s analysis. That’s why it’s imperative that you have enough time to investigate. Here are the major points when buying a commercial property:

    • Hire an experienced commercial real estate agent
    • Determine the type of commercial property you need
    • Identify potential properties to buy
    • Set up a showing
    • Decide upon which listing meets your needs
    • Make an offer 
    • Sign a sales agreement
    • Perform due diligence
    • Complete a final walkthrough of the property
    • Close on the property

    Remember, we’re here to help you navigate through these steps.

    How long are commercial real estate loans?

    Commercial real estate loans range from five to ten year terms, but are amortized up to a 25-year term. The longer the loan term, the less the monthly payment. However, a longer loan term means greater interest costs associated with the loan.

    In a situation where a 5-year term was taken for a commercial loan (amortization period of twenty-five years), the investor would make monthly payments over the course of five years based upon the loan being paid off over twenty-five years. At the end of the five years, one balloon payment would need to be made in order to pay off the remaining balance of the loan in full.