Lackawanna Ave Olyphant, PA 18447
- Retail properties
- 8,700 SF
- 0.17 lot acres
Current Use by Public Records
- Retail properties
Property Details for 0 Lackawanna Ave
- Year built
- 1940
- Lot size
- 0.17 lot acres
- Property size
- 8,700 SF
- Property type
- Retail properties
- Property subtype
- Mixed-use properties
Description
This exceptional mixed-use property, located at 113 E. Lackawanna Ave in Olyphant, Pennsylvania, presents a compelling investment opportunity. The 8,700 square foot building, constructed in 1940, sits on a 0.17-acre lot and features seven units across two stories. The property is zoned CT030 and boasts a prime location on a busy main street, ensuring high visibility and foot traffic. The building's retail spaces are meticulously maintained and feature modern updates, including large display windows ideal for attracting customers. These spaces are suitable for a variety of retail businesses, from cafes to boutiques. The remaining units offer flexible space adaptable to office spaces, service businesses, or small-scale manufacturing. Each unit is designed for easy customization to meet tenant needs. The building benefits from tenants paying their own heat. This property offers a strong return on investment due to its location, versatile unit configurations, and current occupancy. The asking price is $799,000, translating to $91.84 per square foot. This is a rare opportunity to acquire a well-maintained, high-traffic mixed-use building in a thriving Pennsylvania community. The property's strong location and flexible unit layouts make it an ideal investment for both seasoned investors and new market entrants.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Olyphant
- County
- Lackawanna
- State
- Pennsylvania
- Longitude
- -75.5904
- Latitude
- 41.4599
