622 Ctr St Freeland, PA 18224-1911
This Freeland, PA commercial property offers a prime investment opportunity: a 28-space permit parking lot situated on a bustling, metered street at 622 Centre Street. The 0.21-acre lot presents a strong potential for consistent cash flow with minimal overhead expenses. Its location on a busy street ensures high demand for parking spaces, making it an attractive option for commuters and local businesses. The property's current configuration is ideal for immediate income generation, requiring minimal capital investment for ongoing maintenance. This makes it a particularly appealing asset for investors seeking a low-risk, high-return investment with significant upside potential. The property is priced competitively at $104,900, representing a compelling entry point into the commercial real estate market. This turnkey operation requires minimal management, making it suitable for both seasoned investors and those new to the field. The property's strong location and proven demand for parking make it a sound addition to any diversified investment portfolio. Serious inquiries are encouraged to explore this exceptional opportunity further.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.