For Sale
$439,000

1813 Main St Blakely, PA 18447

Historic Office Building, High Cap Rate, Pennsylvania

Overview

Added:
Dec 11, 2024
Days on market:
135
This three-story, 5,414 square foot traditional office building in Blakely, Pennsylvania, presents a compelling investment opportunity. Located at 1813 Main St, this property boasts a 14.08% cap rate and a strong net operating income (NOI) of $61,800, with an asking price of $439,000 ($81.09/sq ft). The building sits on a 0.54-acre lot and comprises three units across one building. The property features exquisite Victorian woodwork, an elegant natural wood staircase, and three stunning tile fireplaces on the first floor. Recent upgrades include updated electrical wiring, replacement windows, and new siding. A brand-new heating system was installed in 2024. The second floor, currently leased to a solar company, includes a full kitchen. The versatile first floor has previously accommodated a physician's office and a real estate office, while the lower level is occupied by a chiropractor. This beautifully preserved historic property offers a blend of character and modern amenities, making it an ideal owner-user or investment opportunity. The property is located in Lackawanna County, PA, zip code 18447.

Highlights

  • $439,000 asking price for this three-unit, 5,414 square foot office building.
  • Located at 1813 Main St, Blakely, PA 18447, on a 0.54-acre lot.
  • Features a 14.08% cap rate with a $61,800 NOI.
  • The price per square foot is $81.09.
  • This owner-user opportunity includes a recently updated heating system (2024), new siding, replacement windows, and updated electrical.
  • Broker co-op is available.

Property Details for 1813 Main St

Property type
Office properties
Square Feet
5,414 SF
Buildings
1
Stories
3
Lot Size (sq. ft)
23,522 SF
Units
3

Location Insight

City
Blakely
County
Lackawanna
State
Pennsylvania
Latitude
41.472370782064
Longitude
-75.606697902612

FAQs

What type of property is this?
Office property - Historic Office Building, High Cap Rate, Pennsylvania
Where is the office property located?
The property is located at 1813 Main St Blakely, PA.
What is the asking price?
The asking price for this property is $439,000.
What are key features of this property?
This property features: $439,000 asking price for this three-unit, 5,414 square foot office building.; Located at 1813 Main St, Blakely, PA 18447, on a 0.54-acre lot.; Features a 14.08% cap rate with a $61,800 NOI.
How can I contact the broker?
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1813 Main St
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