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    OFF-MARKET
    Investment properties

    1729 Cedar Ave, Scranton, PA 18505-4586

    0.17 ac lot
    Individually Owned 2-yr Hold Free & Clear
    Property ID
    US73-2662494
    Property summary
    AI-generated overview

    This exceptional mixed-use property at 1729 Cedar Avenue in Scranton, Pennsylvania presents a unique investment opportunity. Boasting a substantial 2,700 square feet of space situated on a 0.17-acre lot, this property is brimming with potential for the discerning investor or visionary entrepreneur. Currently requiring renovation, this "handyman special" offers a blank canvas for creative redevelopment. The existing structure presents a solid foundation for a variety of uses, allowing for the creation of a truly customized space. Ample parking is available on-site, adding to the property's overall convenience and appeal. The property's location in Scranton provides access to a vibrant community and offers excellent potential for strong returns on investment. This is a rare chance to acquire a sizable mixed-use property in a desirable location, ripe for transformation into a thriving business or residential space. The possibilities are truly endless, making this an exceptional opportunity for those seeking a rewarding project with significant upside. Serious inquiries are encouraged.

    Property profile
    Verified
    Property type Investment properties
    Use group OFFICE/RESIDENTIAL (MIXED USE)
    Lot 0.17 ac (7,500 SF)
    APN 16706030001
    UPID US73-2662494
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Mellner Michael G Tax Preparation
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Gerardo Sarmiento · 2 yrs held
    Gerardo Sarmiento
    since 2024
    4 recorded transactions
    2024
    $95,000
    2021
    $20,000
    2020
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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