Properties


Property Description

Prime Investment Opportunity on Busy Cedar Ave – 5-Unit Property with Endless Potential!Discover this recently renovated corner property on bustling Cedar Ave, offering a perfect blend of residential and commercial spaces. This versatile building features 2 apartments, 2 commercial units, and a spacious (appx) 20×40 garage that opens the door to endless possibilities Property Highlights:Residential Units: Two well-maintained apartments upstairs. One is currently occupied, generating $1, 200/month in rental income, while the other is being renovated and offers similar income potential.Commercial Spaces: A thriving hair salon occupies one ground-floor unit, generating $1, 200/month. The other unit houses a laundromat and a game-of-skill room, currently operated by the building owner, bringing in an impressive $2, 200/week in revenue.Garage Space: A massive 20×40 garage with potential for a detail shop, workshop, or other creative uses, offering an estimated rental value of $750/month.Additional Income: A digital sign on the property generates extra income, making this an even more attractive investment.Recent Upgrades:New roof (2018 approx)New siding and exterior improvementsUpdated systems throughoutBrand-new laundry machines installed ~ 2023Seller Note: The seller may consider creative financing options with a six-figure down payment.This property is a turnkey investment with a strong income profile and potential for even greater returns. With its prime corner location, high visibility, and diverse income streams, this is an opportunity you don’t want to miss.Income Breakdown:Game room & laundromat: $2, 200/weekLaundry space rent $2500Hair salon: $1, 200/monthApartment 1: $1, 200/month (occupied)Apartment 2: $1, 200/month (potential)Garage: $750/month (potential)Whether you’re an investor seeking a high-performing property or an entrepreneur looking for a mixed-use space with excellent income potential, this works

Address Map
Country:
US
State:
PA
County:
Lackawanna
City:
Scranton
Zipcode:
18505
Street:
Cedar
Street Number:
604
Street Suffix:
Avenue
Directions:
Cedar ave by old penn security bank
Zoning:
c
Neighborhood
High School District:
Scranton
Additional Details
Office Name:
Gorilla Real Estate LLC
Agent Name:
Stephen Franco
School District:
Scranton
Land Value:
$0
Total Assessment:
$0
PreviousListPrice:
$0
OriginalListPrice:
$0
Additional Information
Building Size:
6872
Lot Size Dimensions:
80X50
Number Of Units Total:
5
Previous Price:
700000
Stories:
2
Financial
Tax Annual Amount:
7614
Listing Information
List Agent Mls Id:
sf2714
List Office Mls Id:
gorilla
Mls Status:
Active
Modification Timestamp:
2026-09-02T18:02:26Z
Originating System Name:
GSBR
Status Change Timestamp:
2026-08-30T05:00:00Z

Commercial Sale For Sale 604 Cedar Avenue, Scranton, Pennsylvania 18505

604 Cedar Avenue, Scranton, Pennsylvania 18505

6,872 Sqft
$800,000
Listing ID #SC264299
Basic Details
Property Type :
Commercial Sale
Listing Type :
For Sale
Listing ID :
SC264299
Ref ID :
GSB20260830141116364033000000
Price :
$800,000
Living Area :
6,872 Sqft
Year Built :
1930
Lot Area :
0.25 Acre
Status :
Active
Property Sub Type :
Mixed Use
Agent info
Mortgage Calculator
$
$ %
years
%
$ %per year
$ %per year

$
Contact Agent