For Sale
$499,000

106-108 Main AveScranton, PA 18504

8-Unit Building, High Potential

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a three-story, 8-unit mixed-use building located at 106-108 S Main Ave, Scranton, PA 18504. The property, built in 1920, boasts two ground-floor commercial storefronts and six residential apartments above, offering a blend of income streams. Currently, the occupancy rate is 25%, with a projected full occupancy date of August 21, 2024. Four of the six apartments are move-in ready, featuring recent upgrades including new flooring. The remaining two units provide a value-add opportunity for renovation and increased rental income. The building is zoned for commercial use and benefits from recent improvements such as security cameras. The prime location in Scranton ensures high demand for both commercial and residential spaces. This property is a compelling value-add investment, presenting a chance to capitalize on Scranton's growing market. The asking price is $499,000. Consider adding coin-operated laundry facilities to further enhance rental income. All six apartments are studio style.

Highlights

  • 8-unit mixed-use building, 106-108 S Main Ave, Scranton, PA 18504.
  • Two ground-floor commercial storefronts and six upper-level studio apartments.
  • Currently 25% occupied, projected full occupancy August 21, 2024.
  • Four move-in ready apartments with recent upgrades.
  • Zoned for commercial use; features security cameras.
  • Asking price: $499,000.

Property Details for 106-108 Main Ave

Property type
Mixed-use properties, Apartment buildings
Year Built
1920
Buildings
1
Stories
3
Units
8

Location Insight

City
Scranton
County
Lackawanna
State
Pennsylvania
Latitude
41.41231162752
Longitude
-75.680469221083
106-108 Main Ave, Scranton, Pennsylvania

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
106-108 Main Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message