For Sale
$299,000

1316 Luzerne StScranton, PA 18504

High-yield convenience store & restaurant

Overview

Added:
Feb 3
Days on market:
61
This exceptional mixed-use property in Scranton, PA, presents a compelling investment opportunity. Located at 1316 Luzerne Street, this 1,890 square foot building sits on a 0.1-acre lot and boasts a thriving convenience store at the front, benefiting from high foot traffic due to its proximity to a local high school. Students provide consistent daily sales of breakfast, lunch, and snacks. The rear of the building houses a commercial kitchen currently operating as a takeout restaurant, offering significant untapped potential for growth through online delivery services such as DoorDash, UberEats, and Grubhub. The property also includes a three-bedroom, one-and-a-half-bathroom apartment, adding to its income-generating capabilities. The strong residential base in the area further supports the restaurant's potential. This property offers a solid 9% cap rate on a $299,000 asking price. The seller is willing to consider creative financing options, making this a truly attractive value-add opportunity for the discerning investor. The combination of a successful convenience store, a growing takeout restaurant, and a residential apartment provides a diversified income stream and significant upside potential. Don't miss this chance to acquire a well-positioned, income-producing property in a desirable location.

Property Details for 1316 Luzerne St

Property type
Mixed-use properties
Square Feet
1,890 SF
Year Built
1950
Lot Size (sq. ft)
4,356 SF

Location Insight

City
Scranton
County
Lackawanna
State
Pennsylvania
Latitude
41.41058
Longitude
-75.68859
1316 Luzerne St, Scranton, Pennsylvania

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1316 Luzerne St
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