511 Centre StFreeland, PA 18224

Property Details for 511 Centre St

Lot size

0.05 AC

Property type

Investment properties

Property subtype

Live-work space

APN

22-R9NE2-027-015

APU

22R9NE2027015

Description

This exceptional mixed-use property, located at 511 Centre Street in Freeland, Pennsylvania, presents a unique investment opportunity. The building encompasses a substantial 2,278 square feet, offering versatile space ideal for a variety of commercial ventures. Its prime location in Freeland ensures high visibility and accessibility, making it an attractive proposition for businesses seeking a strong foothold in the community. The property sits on a lot with no acreage specified, making it a manageable and potentially low-maintenance investment. The asking price is $159,500, representing a compelling value for a property of this size and location in the thriving Freeland market. The building's mixed-use designation allows for flexibility in its utilization, potentially accommodating retail space, office space, or a combination thereof, depending on the buyer's specific needs and business plan. This presents a significant advantage, allowing for adaptation to evolving market demands and maximizing potential rental income or operational efficiency. The property's condition and specific internal layout would need to be assessed through a physical inspection. Serious inquiries are encouraged to explore this promising investment opportunity further. Detailed property information and supporting documentation are available upon request. Don't miss this chance to acquire a valuable commercial asset in a desirable Pennsylvania location.

• CAP approach

  CAP return

  Valuation

  6%

  $336,174

  6.5%

  $310,315

  7%

  $288,149

• Comparable approach

  Method

  Valuation

  Relative Method

  $167,008

  Geo Method

  $284,577

• Alternative Use

  Use

  Valuation

  Residential

  $384,790

  Hospitality

  $352,466

  Educational

  $293,247

  Medical

  $303,333

  Retail

  $456,163

Location Insight

City

Freeland

County

Luzerne

State

Pennsylvania

Latitude

41.0168

Longitude

-75.8971

CBSA code

42540

CBSA name

SCRANTON--WILKES-BARRE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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].