306 S State Street, Clarks Summit, PA 18411
$740,000
Property Type:
Commercial Sale
Square Footage:
7,132
Lot Size (sq. ft.):
4,792
Status:
Closed
Current Price:
$740,000
List Date:
3/30/2021
Last Modified:
2/27/2024
Description
Super location! Fully rented commercial building in the heart of Clarks Summit. 82x115x80x104 unpaved parking lot to rear of property is a huge asset to the building as it could provide up to approx. 20 parking spaces for tenants/employees and customers. See attached Tenant Info Sheet for lease information, terms, etc. Utilities are all separate-- only utility bill for owner is sewer. Central AC in retail space only. SEE UPDATED TENANT INFORMATION SHEET ATTACHED, Tax Information: Available, Additional Info: ONE DEED-Second Tax map is 09019 060 01900 Assessed at $1,842 Approx taxes on parking lot $402.62 TOTAL TAXES $8,205.92, Ceiling Height: 9' to 12'- Y, No Overhead Door: Y
More Information MLS# 21-1030
Contract Information
Current Price: $740,000
Sold Price: $740,000
Status: Closed
Listing Contract Date: 2021-03-20
Property Attached YN: No
Listing Agreement: Exclusive Right To Sell
Buyer Brokerage Compensation: 2.5
Buyer Brokerage Compensation Type: %
Sub Agency Compensation Type: %
Transaction Broker Compensation Type: %
Dual Or Variable Rate Commission YN: Yes
Owner Name: State Street Realty LLC
Environmental Survey YN: No
Location, Tax, and Legal
Street Number: 306
Street Direction Prefix: S
Street Name: State
Street Suffix: Street
Municipality: Clarks Summit Borough
State: PA
Postal Code: 18411
County: Lackawanna
High School District: Abington Heights
City Region: Clarks Summit
County Tax Amount: 2281.94
Municipal Tax Amount: 1133.48
School Tax Amount: 4387.89
Tax Annual Amount: 7803.31
Tax Year: 2021
Tax Assessed Value: 35700
Parcel Number: 0901906002500
Additional Parcels YN: Yes
Zoning Description: Commercial
Directions: From Scranton or Interstate 81--Northern Boulevard ( Rt. 6&11) north into Clarks Summit (becomes South State Street after Grove St intersection), building on left, parking in rear.
Tax Book Number: 2015-02386
General Property Information
Building Area Total: 7132
Building Area Total (Report Only): 7132
Enhanced Accessible: No
Year Built: 1900
Building Name: N/A
Parking Total: 20
Lot Size Acres: 0.11
Lot Size Dimensions: 40X115
Land Lease YN: No
Basement YN: No
Stories: 2
Sign On Property YN: Yes
Auction YN: No
List Price/SqFt: 112.16
Sold Price/SqFt: 103.76
Remarks and Miscellaneous
Public Remarks: Super location! Fully rented commercial building in the heart of Clarks Summit. 82x115x80x104 unpaved parking lot to rear of property is a huge asset to the building as it could provide up to approx. 20 parking spaces for tenants/employees and customers. See attached Tenant Info Sheet for lease information, terms, etc. Utilities are all separate-- only utility bill for owner is sewer. Central AC in retail space only. SEE UPDATED TENANT INFORMATION SHEET ATTACHED, Tax Information: Available, Additional Info: ONE DEED-Second Tax map is 09019 060 01900 Assessed at $1,842 Approx taxes on parking lot $402.62 TOTAL TAXES $8,205.92, Ceiling Height: 9' to 12'- Y, No Overhead Door: Y
Exclusions: No
Status Change Information
Major Change Timestamp: 2023-03-23T19:57:35Z
Major Change Type: Status Change
Price Change Timestamp: 2022-05-18T17:11:30Z
Status Change Timestamp: 2023-03-23
Purchase Contract Date: 2023-02-23
Close Date: 2023-03-23
Close Price: 740000
Concessions: No
Building Features
Included In Contract: Land/Building
Retail SqFt: 3600
Income and Expenses
Fire Insurance Expense: 6000
Gross Income: 74400
New Taxes Expense: 8205.92
Sewer Expense: 2496
Oil, Gas and Mineral Rights
Property Subject To Lease: Property Subject To Lease
Road Frontage Type
Road Frontage Length: 40
Property Features
Building Features: Freight Elevator; High Traffic Area; Prime Location; Public Restrooms; Separate Utilities
Construction Materials: Block; Vinyl Siding
Cooling: Central Air
Current Use: Commercial; Residential; Retail
Electric: 200+ Amp Service; Circuit Breakers
Exterior Features: Lighting
Flooring: Carpet; Vinyl; Wood
Heating: Baseboard; Electric; Forced Air; Natural Gas
Levels: One and One Half
Listing Terms: Cash; Conventional
Lot Features: Level; Near Central Business District
Parking Features: Unpaved; None
Possession: Negotiable
Road Frontage Type: State Road
Road Surface Type: Paved
Roof: Built-Up; Composition; Rubber; Wood
Sewer: Public Sewer
Water Source: Public
Showing Requirements: Appointment Only
Listing Office: O BOYLE REAL ESTATE LLC
Last Updated: February - 27 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Information deemed reliable but not guaranteed.