Commercial Property for Sale in Dunmore, PA

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Commercial Sale For Sale 458 E Drinker Street, Dunmore, Pennsylvania 18512

458 E Drinker Street, Dunmore, Pennsylvania 18512

Parking PadParking(s)
21Picture(s)
3,565Sqft
Limitless potential await in this highly versatile commercial property, perfectly positioned in a high-visibility, heavy-traffic area ideal for businesses that want to be seen. Whether you're envisioning office space, retail, storage, production, or a hybrid setup, this building adapts effortlessly to your needs.
$199,999
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Commercial Sale For Sale 411 Chestnut Street, Dunmore, Pennsylvania 18512

411 Chestnut Street, Dunmore, Pennsylvania 18512

Parking LotParking(s)
71Picture(s)
3,900Sqft
Turnkey well established high end restaurant, bar and catering business for sale. Everything's included! All owned bar equipment, kitchen equipment, furnishings and liquor license! Located in the heart of Dunmore with lots of indoor and year-round outdoor seating this place will make your dreams come true.
$700,000
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Commercial Sale For Sale 501 503 Chestnut Street, Dunmore, Pennsylvania 18512

501 503 Chestnut Street, Dunmore, Pennsylvania 18512

39Picture(s)
4,000Sqft
Turnkey Bar & Restaurant with Liquor & Entertainment License - Fully Renovated & Ready to Go! Here is your chance to own a fully updated, income-producing bar and restaurant with everything in place to hit the ground running. This property comes with a liquor license and an entertainment license, giving you the freedom to host live music, DJs, and events that keep customers coming back.
$550,000
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Commercial Sale For Sale 225 ,233 & 301 E. Drinker Street, Dunmore, Pennsylvania 18512

225 ,233 & 301 E. Drinker Street, Dunmore, Pennsylvania 18512

105Picture(s)
6,621Sqft
Great Commercial location with parking in downtown Dunmore! 3 parcels with 2 buildings consisting and 1 parking lot. Currently used as 3 apartments and 1 commercial restaurant and 1 parking lot. Located on the corner of East Drinker and N. Apple Street Zoned City Downtown Mixed Use. In the heart of downtown Dunmore and across from the new apartment building.
$535,000
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    Commercial Real Estate for Sale in Dunmore, PA

    The average price for commercial real estate for sale in Dunmore PA is currently $75 per square foot*, which is lower than the national average (but there is a wide range of valuation and multiple variations depending on if you’re referring to the price per square foot for office space, retail space, warehouse space, etc.). The average days on the market for over 50% of the commercial listings is over 90 days*, meaning that it may take some time for properties to attract potential renters or buyers. However, this market is still favorable for investors and business owners looking to expand or relocate, as there are still a number of high-quality properties available.

    * Greater Scranton Board of REALTORS® statistics June 2021-2023 (average sold price)

    About Dunmore, PA

    Dunmore, located in Lackawanna County, Pennsylvania, is a popular area for those looking to live with the conveniences of Scranton, but residing just outside its municipal boundaries. Moreover, it has a thriving commercial real estate market. The town boasts an extensive range of industrial, office and retail spaces, making it an attractive location for businesses of all kinds. As you head north in the direction of Throop, the Keystone Industrial Park is a notable retail area with excellent access to the major interstates of I-81, I-84, I-380 and the Casey Highway. The median sale price for commercial properties in the area is $239,500 with prices ranging from $37,000 to $600,000*. Overall, the Dunmore commercial real estate market presents opportunities for investors and businesses looking for thriving markets to grow their operations.

    * Greater Scranton Board of REALTORS® statistics June 2021-2023 (average sold price)

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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.