Bought with Joanne L. Rezzino • CLASSIC PROPERTIES
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Key Details
Sold Price $260,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 1,890 sqft
Price per Sqft $137
MLS Listing ID GSBSC6443
Sold Date 05/13/25
Total Fin. Sqft 1890
Year Built 1950
Annual Tax Amount $4,256
Tax Year 2023
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 88X42
Property Sub-Type Mixed Use
Source scranton
Property Description
This versatile property features a thriving convenience store in the front, a commercial kitchen in the back operating as a takeout restaurant, and an attached 3-bed, 1.5-bath apartment. Perfectly located across from a high school, the store enjoys steady foot traffic from students grabbing breakfast, lunch, and snacks daily.With a strong residential base in the area, the takeout restaurant has untapped potential for growth via delivery platforms like DoorDash, UberEats, and Grubhub.Pro forma net income delivers a solid 9 percent cap rate. The seller is open to creative financing options for the right buyer.Don't miss this income-generating, value-add opportunity--schedule your showing today!
Location
State PA
County Lackawanna
Area 1890
Zoning R-10
Direction North on Main from Taylor. Left on Luzerne St . Property on the corner on Luzerne St and 14TH Ave.
Interior
Heating Forced Air, Natural Gas
Fireplace No
Heat Source Forced Air, Natural Gas
Exterior
Exterior Feature Awning(s), Lighting
Parking Features Attached Carport
View Y/N Yes
Total Parking Spaces 1
Building
Lot Description Corner Lot, Rectangular Lot
Story 2
Sewer Public Sewer
Water Public
Schools
School District Scranton
Others
Acceptable Financing 1031 Exchange, Owner May Carry, Cash, Conventional
Listing Terms 1031 Exchange, Owner May Carry, Cash, Conventional
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© 2025 Listings courtesy of Greater Scranton MLS as distributed by MLS GRID. All Rights Reserved.