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    1618 Main Ave Scranton, PA 18508

    Sponsored
    For Sale
    $249,000

    Three-unit building, high visibility, strong income potential.

    Property size:
    3,200 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional three-unit mixed-use building at 1618 N Main Avenue in Scranton, PA, presents a rare investment opportunity. The property boasts 3,200 square feet on a 0.11-acre lot and is priced at $249,000. The building features a brand new roof, ensuring long-term cost savings. High-visibility signage enhances its commercial appeal. Inside, you'll find beautiful fixtures, crown molding, and fresh paint throughout, reflecting meticulous upkeep. A substantial three-bedroom apartment occupies the second floor, complete with front and rear balconies and newly constructed back steps. Each of the three units benefits from separate meters and ductless heat/AC systems. A paved driveway leads to a rear parking lot with capacity for approximately five vehicles. The existing commercial units on the first floor each include kitchenettes and bathrooms, presenting a potential for expansion. With necessary approvals, the property could accommodate two additional apartments on the first floor, significantly increasing rental income. The building's quality construction, attractive features, and strong income potential make it a standout investment in the Scranton market. This is a unique chance to acquire a well-maintained, high-return property in a desirable location.

    Property Features for 1618 Main Ave

    General Information

    Property type
    Mixed-use properties
    Square Feet
    3,200 SF
    Lot Size
    4,792 SF

    Building Details

    Year Built
    1940
    Property Profile Location Intelligence

    Current Use by Public Records

    The Law Office of Cara ... Family Law Attorney Eugene W Long ... Stock Broker Masterson Accounting & Tax ... Tax Preparation Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Scranton
    County
    Lackawanna
    State
    Pennsylvania
    Longitude
    -75.66087
    Latitude
    41.43426

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    FAQs

    What type of property is this?
    Mixed-use property - Three-unit building, high visibility, strong income potential.
    Where is this mixed-use property located?
    The property is located at 1618 Main Ave Scranton, PA.
    What is the asking price?
    The asking price for this property is $249,000.
    (570) 500-5254
    Request Owner's contact information
    1618 Main Ave Scranton, PA 18508
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    Scranton, PA 18508
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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
    1618 Main Ave Scranton, PA 18508
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