409 N Main Avenue, Scranton, PA 18504
$1,050,000
Property Type:
Commercial Sale
Square Footage:
7,900
Lot Size (sq. ft.):
39,640
Status:
Closed
Current Price:
$1,050,000
List Date:
10/04/2021
Last Modified:
2/28/2025
Overview
Description
Listing Details MLS# PM-91970
General Property Information
- Above Grade Finished Area
- 7900
- Building Area Total
- 7900
- Building Area Source
- Public Records
- Stories
- Yes
- Number Of Buildings
- Yes
- Year Built
- 2009
- Year Built Source
- Other
- Lot Size Acres
- 0.91
- List Price/SqFt
- 151.27
- Sold Price/SqFt
- 132.91
Property Features
Listing Terms:
Cash; Conventional
Possession:
Close Of Escrow
Current Use:
Commercial
Construction Materials:
Brick
Roof:
Other
Cooling:
Central Air
Heating:
Electric
Water Source:
Public
Sewer:
Public Sewer
Parking Features:
On Site
Lot Features:
Corner Lot
Road Frontage Type:
State Road
Road Surface Type:
Paved; Asphalt
Road Responsibility:
Public Maintained Road
Contract Information
- Property Sub Type
- Business
- Listing Contract Date
- 2021-09-27
- Listing Service
- Full Service
- Lease Considered YN
- No
Location Tax and Legal
- County
- Lackawanna
- Street Number
- 409
- Street Direction Prefix
- N
- Street Name
- Main
- Street Suffix
- Avenue
- City (Post Office)
- Scranton
- State
- PA
- Postal Code
- 18504
Remarks and Miscellaneous
- Public Historical Remarks
- Roof: Ridged, Level: Grade, Miscellaneous: Zoning Code C
- Public Remarks
- Fully leased stabilized retail investment. Newer construction, built 2009, features 2 drive thru's on either end of the neighborhood center. Site is located a heavily traveled signalized intersection in the City of Scranton. Long standing tenants with renewals. Well maintained property with access from both N Main and N Decker Ct. Little to no maintenance with potential upside. Solid investment.
Status Change Information
- Purchase Contract Date
- 2021-11-15
- Close Date
- 2022-02-17
- Close Price
- 1050000
More Information
Unit Details
- Number Of Units Leased
- 5
Income and Expenses
- Cap Rate
- 6.75
Location, Tax, and Legal
- Parcel Number
- 14514070050
- Municipality
- Scranton City
- High School District
- Scranton
- Cnty&Muni Taxes (Legacy)
- 3640.61
- School Tax Amount
- 4602.24
- Tax Annual Amount
- 18537.9
- Tax Assessed Value
- 72000
- Tax Book Number
- 2008009552
- Zoning Description
- Commercial
Listing Terms
- Cash
- Yes
- Conventional
- Yes
Possession
- Close Of Escrow
- Yes
Current Use
- Commercial
- Yes
Construction Materials
- Brick
- Yes
Roof
- Other
- Yes
Cooling
- Central Air
- Yes
Heating
- Electric
- Yes
Water Source
- Public
- Yes
Sewer
- Public Sewer
- Yes
Parking Features
- On Site
- Yes
Lot Features
- Corner Lot
- Yes
Road Frontage Type
- State Road
- Yes
Road Surface Type
- Paved
- Yes
- Asphalt
- Yes
Road Responsibility
- Public Maintained Road
- Yes
Listing Office:
TACM Commerical Realty Inc.
Last Updated: February - 28 - 2025
Information deemed reliable but not guaranteed.
