1699 Lakeland DrMayfield, PA 18433

Property Details for 1699 Lakeland Dr

Property size (Sq ft)

2,496 SF

Property type

Specialty properties

Property subtype

Day care centers & nurseries

Description

This Mayfield, PA retail property, located at 1699 Lakeland Dr, offers 2,496 square feet on a 1.5-acre corner lot at a traffic-controlled intersection. Currently operating as a used car dealership for over 62 years, this FEE SIMPLE property boasts 100% occupancy and is zoned C-COMMERCIAL, allowing for diverse uses including auto shop, daycare, or QSR. The building features 40 parking spaces. With an asking price of $399,900, a price per square foot of $195.91, and an 8.00% cap rate, this presents a strong investment opportunity. The property's long-standing history and prime location provide a solid foundation for continued success under new ownership. The building is Class B and has a single tenancy with zero remaining lease term. The property is situated in Lackawanna County, PA, zip code 18433. This is a rare chance to acquire a well-established business location with significant potential for future growth. The property's versatility and high visibility make it an attractive option for a variety of businesses seeking a strong foothold in a thriving community.

Location Insight

City

Mayfield

County

Lackawanna

State

Pennsylvania

Latitude

41.5797

Longitude

-75.5913

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