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
Description
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.
More Information MLS# PM-91970
Contract Information
Listing Service: Full Service
Lease Considered YN: No
Property Sub Type: Business
Sold Price: $1,050,000
Current Price: $1,050,000
Status: Closed
Listing Contract Date: 2021-09-27
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
General Property Information
Above Grade Finished Area: 7900
Building Area Source: Public Records
Stories: 1
Number Of Buildings: 1
Year Built Source: Other
Lot Size Acres: 0.91
List Price/SqFt: 151.27
Sold Price/SqFt: 132.91
Building Area Total: 7900
Year Built: 2009
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.
Unit Details
Number Of Units Leased: 5
Income and Expenses
Cap Rate: 6.75
Listing Terms
Cash: 1
Conventional: 1
Possession
Close Of Escrow: 1
Current Use
Commercial: 1
Construction Materials
Brick: 1
Roof
Other: 1
Cooling
Central Air: 1
Heating
Electric: 1
Water Source
Public: 1
Sewer
Public Sewer: 1
Parking Features
On Site: 1
Lot Features
Corner Lot: 1
Road Frontage Type
State Road: 1
Road Surface Type
Paved: 1
Asphalt: 1
Road Responsibility
Public Maintained Road: 1
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
Status Change Information
Purchase Contract Date: 2021-11-15
Close Date: 2022-02-17
Close Price: 1050000
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
Listing Office:
TACM Commerical Realty Inc.
Last Updated: February - 28 - 2025
Information deemed reliable but not guaranteed.
