Mixed-Use Property with
For Sale
$329,000
559 Penn Ave, Mayfield, PA 18433
Commercial building includes two apartments, paved parking, and fenced outdoor storage.
Property Size3,800 SF
Price / SF$86.58
Days on Market89
Property Features for 559 Penn Ave
General Information
Standard status
Active
Size
3,800 SF
Site & Location
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Utilities to Site
Yes
Amenities
paint booth
coal stove heat
customer entrance with reception/office area
rear office with half bathroom
tile flooring
vinyl flooring
spacious bathroom with soaker tub
laundry in bathroom
full bathroom with laundry
separate electric service
Building Details
Year Built
1981
Buildings
1
Listing Agency:
Ruddy Realty
Listed By:
Mary Ruddy
(570) 280-0001
Source:
Revolvepa
Added: Aug 10
Changed: Oct 25
Last Checked: Oct 5 at 8:58PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ruddy Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,800-square-foot mixed-use property combines a commercial garage with two residential apartments above. The business area includes a paint booth, coal stove heat, customer reception and office space, plus a rear office with a half bathroom. The layout can support an auto body operation, mechanical work, detailing, restoration, contracting, storage, or other commercial activities identified in the property information.
A paved parking area and fenced yard provide room for vehicle storage, equipment, inventory, and outdoor work. Vehicles can access the property from both the street and parking lot. The two apartments are fully rented: one has 1 bedroom, tile flooring, a soaker tub, bathroom laundry, and electric heat; the other has 2 bedrooms, vinyl flooring, a full bathroom with laundry, and electric heat. Each unit has separate electric service, while water service is shared. The property is commercially zoned and located at 559 Penn Ave in Mayfield, PA.
A paved parking area and fenced yard provide room for vehicle storage, equipment, inventory, and outdoor work. Vehicles can access the property from both the street and parking lot. The two apartments are fully rented: one has 1 bedroom, tile flooring, a soaker tub, bathroom laundry, and electric heat; the other has 2 bedrooms, vinyl flooring, a full bathroom with laundry, and electric heat. Each unit has separate electric service, while water service is shared. The property is commercially zoned and located at 559 Penn Ave in Mayfield, PA.
Key Highlights
- 3,800‑square‑foot commercially zoned mixed‑use property
- Commercial garage with paint booth, reception area, offices, and rear half bathroom
- Two fully rented apartments: one 1‑bedroom unit and one 2‑bedroom unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,295
Cap Rate
8.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$585,900
$585.9K
Cap Rate 7%
$418,500
$418.5K
Cap Rate 9%
$325,500
$325.5K
Market Conditions
NOI Build-Up for 3,800 SF
Gross rent
$56.5K $14.88/SF
− Vacancy
−$3.3K −$0.86/SF
EGI
$53.3K $14.02/SF
− OpEx
−$24.0K −$6.31/SF
NOI
$29.3K $7.71/SF
Area
Lackawanna County, PA
Vacancy
5.80%
Lease Rate
$14.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$585,900
Cap Rate 7%
$418,500
Cap Rate 9%
$325,500
Alternative Uses
Best Use
Mixed Use
$549.6K
$480.9K – $641.3K
NOI $38,475 @ 7.0% cap · market cap 11.69%
Second Best
Retail
$510.2K
$446.4K – $595.2K
NOI $35,711 @ 7.0% cap · market cap 10.85%
Theoretical Best
Office A
$964.5K
$844.0K – $1.13M
NOI $67,516 @ 7.0% cap · market cap 20.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
226
Businesses Nearby
Explore this area
Business Placement
Demographics for 18433, PA
6,416
Population
3,390
Households
1.9
Avg Household Size
45
Median Age
31%
College-Educated
96%
High-School Grad
28.8 sq mi
ZIP Area
223
Density / Sq Mi
$76,847
Median Household Income
$57,924
Median Earnings
$929
Median Rent
$201,800
Median Home Value
Market
Average Price Trend$/SF for Mixed-use properties in Lackawanna County, PA
Properties on Market for Mixed-use properties in Lackawanna County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial building includes two apartments, paved parking, and fenced outdoor storage.
Where is this mixed-use property located?
The property is located at 559 Penn Ave Mayfield, PA.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: 3,800‑square‑foot commercially zoned mixed‑use property; Commercial garage with paint booth, reception area, offices, and rear half bathroom; Two fully rented apartments: one 1‑bedroom unit and one 2‑bedroom unit
