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    1212 Mulberry St Scranton, PA 18510

    Sponsored
    For Sale
    $995,000

    Prime Student Housing Location, High Foot Traffic

    Property size:
    5,569 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional 5,569 square foot mixed-use property, situated on a 0.07-acre lot at 1212-1214 Mulberry Street in Scranton, Pennsylvania, presents a compelling investment opportunity. Priced at $995,000, the property's strategic location within the Scranton University area offers significant potential for redevelopment, particularly as student housing. Its proximity to popular local businesses, such as Goodfellas, ensures high foot traffic and a vibrant atmosphere attractive to both students and the wider community. The property's ideal positioning near the university campus and local amenities makes it perfectly suited for a modern student housing development. This presents a unique chance to capitalize on the high demand for student accommodation in this thriving neighborhood. The existing structure offers a solid foundation for a renovation or new construction project tailored to the needs of the student population. This is a rare opportunity to acquire a property with significant upside potential in a desirable and high-demand location. The property's size and location make it an attractive proposition for developers seeking to create a valuable asset within a bustling, high-traffic area. The potential for strong rental income and future appreciation makes this a truly compelling investment.

    Property Features for 1212 Mulberry St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    5,569 SF
    Lot Size
    3,049 SF

    Building Details

    Year Built
    1950
    Location Intelligence

    Current Use by Public Records

    Chen Garden Chinese Restaurant

    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
    -75.65274
    Latitude
    41.40483

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    FAQs

    What type of property is this?
    Mixed-use property - Prime Student Housing Location, High Foot Traffic
    Where is this mixed-use property located?
    The property is located at 1212 Mulberry St Scranton, PA.
    What is the asking price?
    The asking price for this property is $995,000.
    (570) 587-9999
    Request Owner's contact information
    1212 Mulberry St Scranton, PA 18510
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    Scranton, PA 18510
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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
    1212 Mulberry St Scranton, PA 18510
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