650 Washington Ave Jermyn, PA 18433
Property profile & analytics
650 Washington Ave Jermyn, PA 18433
- Investment properties
- 0.11 lot acres
Property ID
US73-5951139
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Investment properties
Property Details for 650 Washington Ave
- Lot size
- 0.11 lot acres
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 731204006800
- APU
- 731204006800
Description
This exceptional mixed-use property in Jermyn, PA, presents a rare opportunity for savvy investors and entrepreneurs. The 5,300 square foot building boasts a thriving, 50-year-old restaurant with seating for nearly 100 patrons. The restaurant is immediately profitable, having been meticulously maintained and updated by the same owner for the past 20 years. Recent improvements include a new forced hot air heating and air conditioning system, roof, windows, and siding, ensuring years of maintenance-free operation. All restaurant equipment, including coolers, freezers, and fountains, is included in the sale. A significant advantage is the current owner's willingness to assist with a smooth transition, offering their expertise as an employee or consultant. Adding to the investment potential, three fully rented apartments (two one-bedroom/one-bathroom and one two-bedroom/one-bathroom) are located above the restaurant, offering below-market rents and long-term tenants. The property also includes a spacious parking lot accommodating 35-40 vehicles, situated adjacent to the building. This 0.46-acre lot provides ample space for customers and residents. This turnkey operation offers immediate income streams from both the restaurant and rental units, making it an attractive and financially sound investment.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Jermyn
- County
- Lackawanna
- State
- Pennsylvania
- Longitude
- -75.5442
- Latitude
- 41.5321
- CBSA code
- 42540
- CBSA name
- SCRANTON--WILKES-BARRE, PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$5,103
$1,000
$22,500
$23,500
-
$1,000
$22,500
$23,500
