Commercial Property for Sale in Clarks Summit, PA

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Commercial Sale For Sale 111 Main Ave Avenue, Clarks Summit, Pennsylvania 18411

111 Main Ave Avenue, Clarks Summit, Pennsylvania 18411

23Picture(s)
7,500Sqft
Prime real estate investment opportunity in the heart of Clarks Summit. Being offered for the first time since being constructed in 1985. This building features five 2 bedroom, 1.5 bath apartments and two 1 bedroom, 1 bath apartments. Each unit has a private entrance and deck. The property has been impeccably maintained, with recent updates including a new roof and siding.
$1,000,000
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Commercial Sale For Sale 113 Claremont Avenue, Clarks Summit, Pennsylvania 18411

113 Claremont Avenue, Clarks Summit, Pennsylvania 18411

GarageParking(s)
55Picture(s)
2,132Sqft
Are your ready to find the perfect place to call home? Look no further than this cozy 3 bedroom charmer. Beautiful wood floors and original woodwork, classic FP, open staircase, functional kitchen, , formal living and dining rooms, powder room, mudroom entrance off driveway, complete first floor. Ample closet space in the 3 bedrooms. Full bath, walk-up storage attic.
$350,000
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Commercial Sale For Sale 401 N State Street, Clarks Summit, Pennsylvania 18411

401 N State Street, Clarks Summit, Pennsylvania 18411

PavedParking(s)
65Picture(s)
4,690Sqft
Medical office building for sale! An excellent opportunity to own a spacious and well-designed medical office building, perfectly suited for a variety of healthcare practices. Offering 4,690 sq. ft. plus a large addition creating a multi-purpose functional space. Parking lot has 27+ spaces.This property features a thoughtful layout with ample room for patients, staff and future growth.
$1,200,000
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Commercial Sale For Sale 100 Tourist Avenue, Clarks Summit, Pennsylvania 18411

100 Tourist Avenue, Clarks Summit, Pennsylvania 18411

Parking LotParking(s)
9Picture(s)
1,560Sqft
PRIME LOCATION!! Multi Use 1516 SF building located on 1.14 Acres. Centrally located on 6 & 11 with 222 feet of road frontage. Features include reception area, 3 spacious offices, full kitchen, full bath, New heating system, central air, security system, interior temperature monitoring system & intercom.New roof with new underlayment installed 12/25. Property is zoned Highway Commercial.
$399,000
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Commercial Sale For Sale 423 Center Street, Clarks Summit, Pennsylvania 18411

423 Center Street, Clarks Summit, Pennsylvania 18411

PavedParking(s)
9Picture(s)
10,000Sqft
Many possibilities for this 10,000 sq ft building in the heart of Clarks Summit. Currently used as a school/day care, this could make a great office building, retail or convert to modern apartments (all subject to zoning approval).
$565,000
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Commercial Sale For Sale 322 Northern Boulevard, South Abington Twp, Pennsylvania 18411

322 Northern Boulevard, South Abington Twp, Pennsylvania 18411

PavedParking(s)
9Picture(s)
5,000Sqft
2 Buildings located in a high traffic area. 3 separate units currently used as a print shop, sign shop, and doctors office. Large parking lot with plenty of parking for each unit.
$1,250,000
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Commercial Sale For Sale 2251 Newton Ransom Boulevard, Clarks Summit, Pennsylvania 18411

2251 Newton Ransom Boulevard, Clarks Summit, Pennsylvania 18411

OtherParking(s)
3Picture(s)
35.93Acre
Mobile home park with 50 sites on 35+ acres.
$1,350,000
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    Commercial Real Estate for Sale in Clarks Summit, PA

    Find a great opportunity with commercial real estate for sale in Clarks Summit PA! Located in the heart of Lackawanna County, this suburban area offers a vibrant and growing business community with a stable and diversified economy. The Abingtons (compromised of Clarks Summit as well as Chinchilla, South Abington Twp, Clarks Green, Glenburn, Dalton, Waverly, North Abington Twp, Newton, and Ransom) has a population of over 25,000 and with its close proximity to major highways like Route 11 and I-81, it has become an ideal location for businesses to set up shop. The area is known to have a low unemployment rate compared to the national average, making it an attractive destination for companies looking to expand their operations or relocate. Clarks Summit has an excellent school district (Abington Heights), and the quality of life is top-notch with plenty of outdoor recreational activities and cultural events. With its excellent location, growing economy, and high quality of life, it’s no wonder why Clarks Summit, PA is a top choice for commercial real estate capitalists.

    About Clarks Summit, PA

    Clarks Summit, a borough in Lackawanna County, Pennsylvania, is a great place to raise a family as well as enjoy the outdoors. With numerous options of restaurants, stores, and parks, the Abingtons, including Clarks Summit, appeals to those relocating into the area and homebuyers who are looking to move to a more suburban/country-like atmosphere. It has a thriving commercial real estate market attracting numerous investors and businesses. The area boasts a favorable business climate and excellent infrastructure, which includes highways, airports, and rail transport. This makes Clarks Summit an ideal location for businesses in various industries, such as retail, healthcare, and technology. With the town’s prime location and conducive business environment, investing in commercial real estate in Clarks Summit offers tremendous opportunities for growth and profitability.

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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.