Commercial Property for Sale in Moscow, PA
Find an Agent in Moscow, PA
Commercial Real Estate for Sale in Moscow, PA
Moscow, PA is a borough situated in the heart of Lackawanna County, which has a population of over 2,000 people. The borough has several transportation thoroughfares, including I-84, I-380, Route 435 and Route 690. Thanks to affordable cost of living, low crime rates and good accessibility to major transportation routes, Moscow’s outlook for commercial real estate remains promising. The rental rates in the area are competitive, making it an attractive investment opportunity for businesses looking to expand their footprint in Northeastern Pennsylvania. Check out the commercial real estate for sale in Moscow PA, you might be surprised at what you find.
About Moscow, PA
Moscow, Pennsylvania is a growing community situated in the northern part of the Pocono mountains. Many of its properties have a rural suburban feel. Rumor has it that the town may have received its name from Russian-Germanic immigrants who settled in this region, but that’s legend and conjecture as far as we can tell. This town resides just east of Scranton. With the increasing number of residents and businesses moving into the area, the demand for commercial space in Moscow is expected to remain strong for the foreseeable future. Moscow has six parks, a variety of churches and many sports leagues for youth. It’s also home to the North Pocono Trails Association, which maintains a trail system of over ten miles for hikers, bicyclists and runners, in this region.
More Commercial Real Estate Search Options
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.