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    1020 Hemlock St Scranton, PA 18505

    For Sale
    $499,900

    High-traffic corner lot, established business.

    Property size:
    14,291 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional mixed-use property at 1020 Hemlock Street, Scranton, PA, presents a unique investment opportunity. Spanning 14,291 square feet on a 0.27-acre corner lot in a Highway Commercial Zone, this building currently houses a thriving business encompassing small engine repair, sales, and a hardware store. The property boasts ample macadam parking and excellent visibility from Moosic Street. The ground floor features a showroom, dedicated space for grinding and sharpening machinery, and ample storage for inventory. Convenient overhead garage doors provide easy access for equipment and deliveries. A substantial basement area, also accessible from street level, offers additional storage and workspace, also featuring overhead garage doors. The second floor provides dedicated office space, ideal for administrative functions or expansion. Included in the sale are the existing showroom displays, grinding/sharpening machines, and current inventory (note that inventory levels will vary at the time of sale due to ongoing business operations). Please note that some equipment is not included in the sale as it is held on consignment. This turnkey operation offers immediate income potential and significant upside for a savvy investor. The prime location and established clientele base make this a truly exceptional opportunity.

    Property Features for 1020 Hemlock St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    14,291 SF
    Lot Size
    11,761 SF

    Building Details

    Year Built
    1940
    Property Profile Location Intelligence

    Current Use by Public Records

    Discount Power Equipment Equipment Rental Agency Scranton Grinder & Hardware Lawn Mower Store

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Scranton
    County
    Lackawanna
    State
    Pennsylvania
    Longitude
    -75.65204
    Latitude
    41.39637

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    FAQs

    What type of property is this?
    Mixed-use property - High-traffic corner lot, established business.
    Where is this mixed-use property located?
    The property is located at 1020 Hemlock St Scranton, PA.
    What is the asking price?
    The asking price for this property is $499,900.
    (570) 585-5800
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    1020 Hemlock St Scranton, PA 18505
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    Scranton, PA 18505
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1020 Hemlock St Scranton, PA 18505
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