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    500 Scranton-Pocono Hwy Covington Township, PA 16917

    For Lease
    Contact for pricing

    12+ Acres, C-2 Zoning, Highway Frontage

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 12+ acre commercial land parcel presents a unique investment opportunity in Covington Township, Pennsylvania. Located at 500 Scranton-Pocono Highway, with convenient access via Winship Road, this property boasts a prime location along a major thoroughfare. The land is zoned C-2, designating it for highway commercial use, opening doors to a wide range of development possibilities. Currently, the parcel will be subdivided from a larger tract, offering flexibility for potential buyers or lessees. The property's Assessed Parcel Numbers (APN) are p/o: 20503010007

    Property Features for 500 Scranton-Pocono Hwy

    General Information

    Property type
    Land
    Lease Type
    Gross Lease

    Unit(s) available at that property

    Space
    Size
    0 SF

    HighLights

    • 12+ acre commercial land parcel in Covington Township, PA, ideal for highway commercial development.
    • Located at 500 Scranton‑Pocono Highway, with access from Winship Road.
    • Zoned C‑2 for highway commercial use.
    • APN: 20503010007.
    • Will be subdivided from a larger tract.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Covington Township
    County
    Lackawanna
    State
    Pennsylvania
    Longitude
    -75.5431333
    Latitude
    41.3115854

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    FAQs

    What type of property is this?
    Land - 12+ Acres, C-2 Zoning, Highway Frontage
    Where is this land located?
    The property is located at 500 Scranton-Pocono Hwy Covington Township, PA.
    What are key features of this property?
    This property features: 12+ acre commercial land parcel in Covington Township, PA, ideal for highway commercial development.; Located at 500 Scranton-Pocono Highway, with access from Winship Road.; Zoned C-2 for highway commercial use.
    Request Owner's contact information
    500 Scranton-Pocono Hwy Covington Township, PA 16917
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    Covington Township, PA 16917
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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
    500 Scranton-Pocono Hwy Covington Township, PA 16917
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