This exceptional mixed-use property in Cresco, PA, presents a unique live-work opportunity. The building, situated on a 2.95-acre lot with excellent Route 390 visibility, offers 3,520 square feet of versatile space. The ground floor encompasses 2,800 square feet of retail space, perfect for a variety of businesses. A highlight is the 960-square-foot showroom, featuring attractive stone flooring, vaulted ceilings, hardwood floors, custom-built counters, and extensive shelving. Abundant natural light streams in through large front-facing windows. The space is further enhanced by ductless mini-splits for climate control and a dedicated employee bathroom. Upstairs, a fully renovated one-bedroom apartment provides comfortable living quarters. This apartment boasts a modern kitchen with new cabinets, granite countertops, and updated appliances. The property also includes a convenient one-car garage and ample on-site parking. Enjoy the serene setting with a private streamside yard and garden. This property offers a rare combination of commercial space and residential living, making it an ideal investment for entrepreneurs seeking a blend of work and personal life in a desirable location. The asking price is $389,000.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$1,285,401
6.5%
$1,186,524
7%
$1,101,772
Comparable approach
Method
Valuation
Relative Method
$1,166,797
Geo Method
$1,159,006
Alternative Use
Use
Valuation
Residential
$1,000,878
Hospitality
$916,798
Educational
$762,766
Medical
$788,998
Retail
$1,186,524
Location Insight
City
Cresco
County
Monroe
State
Pennsylvania
Latitude
41.1701
Longitude
-75.2731
CBSA code
20700
CBSA name
EAST STROUDSBURG, PA MICROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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