437 Centre StFreeland, PA 18224

Property Details for 437 Centre St

Lot size

0.16 AC

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

22-R9NE2-026-025

APU

22R9NE2026025

Description

This substantial 6,200 square foot commercial building is ideally situated in the heart of Freeland, Pennsylvania, at 437 Centre Street. The property presents a unique investment opportunity for a discerning buyer. The building features a large, open-span storefront on the ground floor, perfect for a variety of retail or commercial uses. Above the storefront, the second floor comprises three two-bedroom residential apartments. Currently, one apartment is occupied. The building has been vacant for an extended period and requires some renovations and attention to detail. The rear of the property includes a garage that is in need of repair. The possibilities for this property are extensive, ranging from complete renovation and lease-up to a mixed-use development. The building's central location in Freeland offers excellent visibility and accessibility. All measurements are approximate and should be independently verified. This is a chance to acquire a significant property in a desirable location with the potential for substantial returns on investment. The property is being offered at $195,000. Don't miss this opportunity to transform this building into a thriving commercial and residential asset. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $1,075,820

  6.5%

  $993,064

  7%

  $922,131

• Comparable approach

  Method

  Valuation

  Relative Method

  $534,456

  Geo Method

  $910,700

• Alternative Use

  Use

  Valuation

  Residential

  $1,231,400

  Hospitality

  $1,127,955

  Educational

  $938,446

  Medical

  $970,720

  Retail

  $1,459,804

Location Insight

City

Freeland

County

Luzerne

State

Pennsylvania

Latitude

41.016

Longitude

-75.8971

CBSA code

42540

CBSA name

SCRANTON--WILKES-BARRE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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