401 Meridian Ave Scranton, PA 18504
- Commercial real estate
- 1,568 SF
- 0.49 lot acres
Current Use by Public Records
- Laser Lube Meridian Ave, Scranton • 10 Minute Oil Change / Oil Change Service / Brake Shop
Property Details for 401 Meridian Ave
- Year built
- 1970
- Lot size
- 0.49 lot acres
- Property size
- 1,568 SF
- Property type
- Commercial real estate
Description
This exceptional 1,568 square foot commercial property, situated on a 0.49-acre lot at 401 Meridian Avenue in Scranton, PA, presents a unique investment opportunity. Previously operating as a gas station (tanks removed, environmental study completed), the property is ideally suited for a variety of uses, including a drive-thru convenience store, lottery retailer, or similar ventures. Ample parking is available. The property's history as a gas station offers potential for future expansion, subject to necessary approvals from the City of Scranton. Prospective buyers are encouraged to conduct their own due diligence regarding the reinstatement of gas tanks. It's important to note that an easement exists along the property line shared with the Fraternal Brotherhood of Eagles, allowing for delivery truck access to the rear of the building. This ensures convenient logistics for any business operating on the site. The asking price is $625,000. This property offers significant potential for a savvy investor looking to capitalize on a high-traffic location and adaptable space. Don't miss this chance to acquire a valuable piece of Scranton real estate.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Scranton
- County
- Lackawanna
- State
- Pennsylvania
- Longitude
- -75.6779
- Latitude
- 41.4051
