For Sale
$272,500

514 Main StBlakely, PA 18452

3-Unit Medical/Residential Property

Overview

Added:
Jan 24
Days on market:
70
Exceptional investment opportunity in Blakely, PA! This 4,400 sq ft, two-story building, constructed in 1930, offers three units: a former medical office on the main floor easily convertible into a third apartment, a two-bedroom unit, and a one-bedroom unit. The property boasts ample off-street parking for 13 vehicles, a significant advantage in this highly desirable Valley View School District, known for its consistently high rental demand and low vacancy rates. The building sits on a 0.17-acre lot and is zoned R1. A finished room in the dry basement further enhances the property's potential. The asking price is $272,500, translating to $61.93 per square foot. This presents a rare chance to acquire a multi-unit property with strong rental potential in a sought-after location. The building's history as a medical office provides a unique opportunity for adaptive reuse, while the existing apartments ensure immediate cash flow. Don't miss this chance to capitalize on the high demand for rental properties in this area.

Highlights

  • $272,500 asking price for a 4,400 square foot multifamily/medical office building.
  • Three-unit building, including a convertible medical office space on the main floor.
  • Two additional units: one two-bedroom and one one-bedroom apartment.
  • Thirteen off-street parking spaces.
  • Located in the desirable Valley View School District of Blakely, Pennsylvania, at 514 Main St, 18452.

Property Details for 514 Main St

Property type
Office properties, Medical offices
Square Feet
4,400 SF
Year Built
1930
Buildings
1
Stories
2
Lot Size (sq. ft)
7,405 SF
Units
3

Location Insight

City
Blakely
County
Lackawanna
State
Pennsylvania
Latitude
41.4804116
Longitude
-75.5764061
514 Main St, Blakely, Pennsylvania

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514 Main St
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