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    Mayfield, PA Archbald, PA Carbondale, PA Jessup, PA Blakely, PA Scott Twp, PA Jefferson Twp, PA Waymart, PA
    Profitable Restaurant with Apartments Above
    Updated: Jun 19, 2024
    Profitable Restaurant with Apartments Above

    650 Washington Avenue, Jermyn, PA 18433

    $538,900
    5,300 sqft 0.46 AC lot
    Fully functioning, immediately profitable, turnkey restaurant business with 50‑year history in the community.
    Recent building updates including new HVAC, roof, windows, and siding, ensuring low maintenance for the next 20 years.
    Includes adjacent parking lot with capacity for 35‑40 cars.
    Sale includes all restaurant equipment, utensils, coolers, freezers, and fountains.
    Three fully rented apartments above the restaurant provide additional income.
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    This listing looks promising.

    Here's a quick look at some key insights for

    650 Washington Avenue, Jermyn, PA 18433

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    • Est. Cap Rate

      7.6%
      Above avg (5.9%)

    • Est. NOI

      $41K
      Annual

    • Mortgage

      $35K
      Feb 2020

    • Last Sold

      Nov 2005
      $250K
    View Property Analytics
    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 1 Active listings in Jermyn, PA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Mixed-Use 6-Unit Apartment Building
    Mixed-Use 6-Unit Apartment Building

    480 N Main Street, Archbald, PA 18403

    $589,000
    4,845 sqft 0.09 AC lot

    Fully occupied 6-unit mixed-use building with a ground-floor salon tenant and five renovated apartments.

    View details
    Mixed-Use Apartment Building
    Mixed-Use Apartment Building

    480 N Main Street, Archbald, PA 18403

    $589,000
    4,845 sqft 0.09 AC lot

    Six-unit mixed-use building with a long-term salon tenant and five residential apartments, fully occupied.

    View details
    Turnkey 11-Unit Multifamily Property
    Turnkey 11-Unit Multifamily Property

    27 Farview St, Carbondale, PA 18407

    $1,990,000
    31,700 sqft

    Well-maintained 11-unit multifamily with a commercial tenant, on-site laundry, secured entry, and off-street parking.

    View details
    Mixed-Use Redevelopment Site
    Mixed-Use Redevelopment Site

    108-116 Salem Avenue, Carbondale, PA 18407

    $1,175,000

    Three contiguous parcels with an existing building, approved for 26 apartments and ground-floor retail.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Detached Two-Family Residence
    Detached Two-Family Residence

    69 Martense Street, Brooklyn, NY 11226

    $1,888,888
    0.10 AC lot

    Detached two-family home with two 3-bedroom apartments and a semi-finished basement featuring a separate entrance.

    View details
    Land Near Shepherd University
    Land Near Shepherd University

    8285 MARTINSBURG Pike, Shepherdstown, WV 25443

    $650,000
    3.70 AC lot

    Prime land near Shepherd University with development potential.

    View details
    Central Business Zoned Development Land
    Central Business Zoned Development Land

    107 HOWARD Street, La Plata, MD 20646

    $250,000
    0.23 AC lot

    Central Business zoned parcel with plans for a three-story mixed-use building and 15 parking spaces.

    View details
    Asheville Development Opportunity: 5.94 Acres
    Asheville Development Opportunity: 5.94 Acres

    215 N Bear Creek Road, Asheville, NC 28806

    $2,500,000
    5.94 AC lot

    5.94-acre parcel zoned RM6, ideal for multi-family development.

    View details

    Off-Market Properties in Jermyn, PA

    Consider similar Off-Market properties in Jermyn, PA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    457 Madison Ave
    APARTMENT HOUSE (5+ UNITS)

    457 Madison Ave, Jermyn, PA 18433-1321

    Value Estimation by Request
    0.19 AC lot
    View details

    Jermyn, PA Apartment Buildings Market Trends and Statistics

    Explore 2 apartment buildings for sale in Jermyn, PA on our real estate platform. These investment opportunities span a total of 5,300 square feet of properties for sale, with an estimated market value of $538,900.

    Sale prices for two-family homes in Jermyn, PA start at $538,900, averaging $538,900, and reaching up to $538,900 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 7,174
    Population Growth (5Y) +8.3%
    Median Household Income $76,847
    College Educated 44.0%

    High-Yield Neighborhoods for Investment

    Identify Jermyn submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    18433 $549.9K

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Lackawanna County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Lackawanna County

    Retail

    Residential Income

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