2 Main St Pittston, PA 18640
- Investment properties
- 0.15 lot acres
Current Use by Public Records
- The Landmark, Pittston / Real Estate Developer
- Klein Horsley Aesthetics / Medical Spa
- Fidelity Bank ATM / Atm
- Drip Coffee Company / Coffee Shop
- The Hive Salon Collective / Beauty Salon
Property Details for 2 Main St
- Lot size
- 0.15 lot acres
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 72-E11NE3-015-019
- APU
- 72E11NE3015019
Description
This exceptional investment opportunity encompasses a portfolio of four commercial properties totaling 62,000 square feet, strategically located on South Main Street in the revitalized downtown area of Pittston, Pennsylvania. The portfolio benefits from a significant parking provision of 85-90 spaces, ensuring convenient access for tenants and customers. Main Street itself has undergone a dramatic transformation over the past decade, showcasing substantial improvements to streetscapes and infrastructure. This revitalization effort, fueled by private investment and strong community support, has dramatically enhanced the aesthetic appeal and overall vibrancy of the downtown district, creating a highly desirable location for businesses. The properties are ideally situated to capitalize on this positive momentum and the increased foot traffic and commercial activity that it has generated. This portfolio presents a rare chance to acquire a significant presence in a thriving downtown area, offering substantial potential for long-term growth and return on investment. The combined properties offer a diverse range of commercial spaces, perfect for a variety of business types. This is an exceptional opportunity to acquire a well-positioned, established portfolio in a rapidly developing market. The properties are ready for immediate occupancy and offer a strong foundation for future expansion and development. Serious inquiries only.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $255,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $230,000
- 6.5%
- $205,000
- 7%
- $230,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $230,000
- Geo Method
- $210,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $175,000
- Retail
- $230,000
- Mixed-Use
- $220,000
- Hospitality
- $190,000
- Educational
- $210,000
- Residential Income
- $215,000
- Energy
- $180,000
- Income-Based Land
- $225,000
- Food Service
- $215,000
Location Insight
- Map
- Local Demand
- City
- Pittston
- County
- Luzerne
- State
- Pennsylvania
- Longitude
- -75.7907
- Latitude
- 41.323
- CBSA code
- 42540
- CBSA name
- SCRANTON--WILKES-BARRE, PA METROPOLITAN STATISTICAL AREA
