Property profile

1012 Sanderson Ave Scranton, PA 18509

OFF-MARKET
Mixed-use properties
Property ID
US73-5730806
2,520 SF 0.15 ac lot Built 1980
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Property summary

AI-generated overview

This prime commercial building at 1012 Sanderson Avenue in Scranton, PA, presents a unique investment opportunity. Spanning 2,520 square feet on a 0.15-acre lot, this mixed-use property offers exceptional versatility for a wide range of businesses. Previously utilized as an office, the building boasts eight large desks and copy machines, which may be included in the sale or removed as per the buyer's preference. The property has undergone renovations, including an updated kitchenette and bathroom, enhancing its functionality and appeal. A significant advantage is the inclusion of an overhead garage door, facilitating convenient loading and unloading of goods, making it ideal for businesses requiring easy access for deliveries or equipment. Ample off-street parking is also available, providing convenient access for employees and customers. The asking price for this well-maintained and adaptable property is $295,000. Its central Scranton location and practical features make it an attractive prospect for entrepreneurs and investors seeking a ready-to-occupy or easily customizable commercial space. The property's existing infrastructure and recent renovations minimize upfront investment costs, allowing for a quicker return on investment. Don't miss this chance to acquire a valuable commercial asset in a thriving Pennsylvania city.

Property profile

Verified
Property type Mixed-use properties
Year built 1980
Total area 2,520 SF
Lot 0.15 ac (6,534 SF)
UPID US73-5730806

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Department Store

Location

1012 Sanderson Ave Scranton, PA 18509
Scranton metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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