Property Description

Welcome to this fantastic investment opportunity located in the heart of downtown Olyphant! This mixed-use building offers a strategic combination of commercial and residential spaces, making it an ideal prospect for savvy investors.Consisting of 2 storefronts (office and retail) and 2 apartments at the rear, this property is versatile and caters to various business and residential needs. All four units are currently rented, providing immediate income for the new owner. This property generates a robust gross income of $28,200, this property promises a steady and attractive return on investment. The property boasts a recently installed roof, ensuring longevity and minimizing maintenance costs. The basement has also been painted and paneled. Additional features include off-street parking for tenants and well as a detached 20 x 20 garage which can be utilized or rented out for storage, adding an extra dimension to the property’s income potential.Recent sales in the vicinity, including a building just one block away selling for over $1 million, underscore the burgeoning value and potential of this downtown locale. Downtown Olyphant is experiencing a renaissance, with new businesses and high-end residential apartments emerging. This trend contributes to the overall desirability and potential appreciation of the property. Don’t miss out on this prime investment opportunity in the flourishing downtown Olyphant area. Whether you’re an investor looking for a reliable income stream or someone seeking a strategic commercial-residential mix, this property has it all. Contact us for more information or to schedule a viewing today!All information and measurements are approximate, not warranted or guaranteed.

Features
: Natural gas, Hot water
: Garage, Off site, Concrete, Paved
Address Map
US
PA
Lackawanna
Olyphant
18447
Mid Valley
Lackawanna Avenue
207 209
Avenue
Additional Details
0.1
2
$2,769
Mid Valley
: Wood, Carpet, Ceramic tile
: Wood, Composition
: Public
CLASSIC PROPERTIES
: Cleared, Near General Business
$0
: Paved
30X150
$0
Commericial
Olyphant
: Brick, Vinyl Siding
: See Remarks
: Prime Location, High Traffic Area, Public Restrooms, Finished Office, Exterior Storage, Separate Utilities
: Smoke Detector(s)
30.00
One and One Half
: Cash, Conventional
: Close Of Escrow
: Public Sewer
: Showing Service
No
181.26
31
31
12/01/2024 06:00:00
Active
3.00
%
0.00
%
0.00
%
No
$0
$325,000
11410040006
Turn left onto Main St, left onto Bridge St, Turn
Eugene Daniel Lucas
12/02/2024 16:39:28
12/01/2024 19:14:31
12/02/2024 16:39:04
scranton
No

Commercial Sale For Sale

207 209 Lackawanna Avenue Avenue, Olyphant, Pennsylvania 18447

1,793 Sqft
$325,000
Listing ID #GSBSC621
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : GSBSC621
Ref ID : GSB20240112190333740952000000
Price : $325,000
Living Area : 1,793 Sqft
Year Built : 1926
Garage Spaces : 2
Status : Active
PropertySubType : Mixed Use
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