Property summary
This exceptional commercial property in Pittston, Pennsylvania, presents a unique investment opportunity. Located on Broad Street in Luzerne County (zip code 18640), this 6,170 square foot property combines a thriving, established retail business with residential rental income. The ground floor houses a well-established retail store specializing in the sale of candy, snacks, cigars, cigarettes, tobacco, vape products, and beer. This turnkey operation boasts a 30-year history and benefits from a high-traffic location, ensuring consistent revenue streams. Adding to the property's value is a second-floor residential apartment, approximately 1394 square feet, currently generating an estimated monthly rental income of $1,500. This apartment features two bedrooms, two full bathrooms, a kitchen, living room, dining area, and a gas fireplace. Utilities for the apartment are separately metered. The property is easily accessible via Route 315 and Route 81, following Oak Street and South Township Boulevard to Broad Street. This combined commercial and residential property offers a rare opportunity to acquire a profitable, established business with additional rental income potential in a prime location. The asking price for this turnkey operation is $495,000.
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
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