Mixed-Use Property with
For Sale
$329,000
559 Penn Avenue, Mayfield, PA 18433
Commercial Sale, Mayfield, PA
Property Size3,800 SF
Lot Size0.74 Acres
Price / SF$86.58
Days on Market94
Property Features for 559 Penn Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
c
Zoning description
Commercial
Parking features
Parking Lot
Exterior features
Private Entrance, Rain Gutters, Private Yard
Elementary school district
Lakeland
Middle school district
Lakeland
High school district
Lakeland
Directions
Business route 6 to Mayfield. Lackawanna ave , right onto Chestnut, property on right.
Standard status
Active
APN
06417030001
Size
3,800 SF
Lot size
0.74 Acres
Tenancy & Operations
Tenant in Place
Yes
Real Estate Included
Yes
Additional Details
Automotive Uses
collision/body shop, auto repair, detailing
Individually Metered Utilities
electricity
Taxes and HOA fees
Tax Year
2025
Tax Description
265X122x267x120 Bldg & Land W-03 B-0070 L-0040 P-00000
Tax Annual Amount
4489
Legal Description
265X122x267x120 Bldg & Land W-03 B-0070 L-0040 P-00000
Utilities
Heating system
Baseboard, Natural Gas, Coal, Coal Stove, Electric (Heating)
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Amenities
paint booth
coal stove heat
customer entrance with reception/office area
rear office with half bathroom
large paved parking lot
Building Details
Year built
1981
Floors in Building
2
Number of units
3
Flooring type
Concrete, Laminate, Tile - Ceramic
Building materials
Block, Vinyl Siding
Roof type
Composition
Buildings
1
Listing Agency:
Ruddy Realty
(570) 282-4463
Listed By:
Mary Ruddy
(570) 280-0001
Added: Jul 29
Changed: Oct 24
Last Checked: Oct 30 at 3:06AM
MLS# SC263714
Copyright © 2026 Greater Scranton Board of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 3,800-square-foot mixed-use building in Mayfield combines an automotive-oriented commercial area with two apartments above. The garage includes a paint booth, coal-stove heat, a customer-facing entry with reception and office space, plus a rear office and half bathroom. A paved parking area and fenced yard provide room for vehicle storage, equipment, inventory, or outdoor work. Vehicles can access the property from both the street and parking lot.
The residential component includes one one-bedroom apartment and one two-bedroom apartment. Each unit has electric heat, with separate electric service provided to the apartments and shared water service. Apartment finishes include ceramic tile and vinyl flooring, while laundry facilities are incorporated into the bathrooms. The property occupies 0.74 acres, was built in 1981, and is served by public water. Located at 559 Penn Avenue, it offers a combined commercial and residential configuration.
The residential component includes one one-bedroom apartment and one two-bedroom apartment. Each unit has electric heat, with separate electric service provided to the apartments and shared water service. Apartment finishes include ceramic tile and vinyl flooring, while laundry facilities are incorporated into the bathrooms. The property occupies 0.74 acres, was built in 1981, and is served by public water. Located at 559 Penn Avenue, it offers a combined commercial and residential configuration.
Key Highlights
- 3,800‑square‑foot mixed‑use building on 0.74 acres
- Garage includes a paint booth, reception area, offices, and half bathroom
- Two 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.
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial zoning supports a garage operation alongside two residential rental units.
Where is this mixed-use property located?
The property is located at 559 Penn Avenue 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 mixed‑use building on 0.74 acres; Garage includes a paint booth, reception area, offices, and half bathroom; Two apartments: one 1‑bedroom unit and one 2‑bedroom unit
