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    645 Washington Ave Jermyn, PA 18433

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    For Sale
    $1,242,857

    NNN leased bank branch with 5-year extension and annual increases.

    Property size:
    14,500 SF
    Lot size:
    0.35 Acres

    Property Features for 645 Washington Ave

    General Information

    Size
    14,500 SF
    Lot size
    0.35 Acres

    Source: NNN Pro Group Agent Glen Kunofsky

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Long-Term Bank Branch For Sale

    The property is a bank branch with a recently signed 5-year lease extension set to commence September 1, 2024. The tenant has been in the same location for over 50 years and has over $91 million in deposits at this location. The lease is an absolute triple net (NNN) lease with no landlord responsibilities and includes 2% annual increases. Over 134,300 individuals reside within a 10-mile radius of the subject property. The property size is 14,500 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Banks

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Jermyn
    County
    Lackawanna
    State
    Pennsylvania
    Longitude
    -75.545028
    Latitude
    41.5321513

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    FAQs

    What type of property is this?
    Bank - NNN leased bank branch with 5-year extension and annual increases.
    Where is this bank located?
    The property is located at 645 Washington Ave Jermyn, PA.
    What is the asking price?
    The asking price for this property is $1,242,857.
    What are key features of this property?
    This property features: - Absolute triple net (NNN) lease offers worry-free ownership with no landlord responsibilities.; - Community bank recently signed a 5-year extension, commencing September 1, 2024.; - Boasting over 50 years of tenancy in the same location and over $91M in deposits at this location!
    (332) 345-2408
    Request Owner's contact information
    645 Washington Ave Jermyn, PA 18433
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    Jermyn, PA 18433
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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
    645 Washington Ave Jermyn, PA 18433
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