637 639 Northern Boulevard, South Abington Twp, PA 18411
$660,000
Property Type:
Commercial Sale
Square Footage:
7,540
Lot Size (sq. ft.):
21,780
Status:
Closed
Current Price:
$660,000
List Date:
2/24/2021
Last Modified:
12/10/2023
Description
Fully rented income producing investment property located in the Abingtons. Conveniently located on Rt 6/11 with easy access to Interstate 81, PA Turnpike, Rt 6/11 and Scranton Expressway. Contains 2 retail/restaurant spaces on first floor and offices on second floor. Newer roof, recently painted, handicap accessible, great visibility, parking for 26 cars. Located in C-1 General Commercial Zoning., Tax Information: Available, Ceiling Height: Up to 8' - Y, Additional Info: 2018 Gross Income: $85,054;
2018 Expenses: $43,006;
2018 Net Income: $43,048;
Cap Rate: 4.53%, No Overhead Door: Y
More Information MLS# 21-591
Contract Information
Current Price: $660,000
Sold Price: $660,000
Status: Closed
Listing Contract Date: 2020-11-11
Property Attached YN: No
Listing Agreement: Exclusive Right To Sell
Buyer Brokerage Compensation: 2
Buyer Brokerage Compensation Type: %
Sub Agency Compensation: 2
Sub Agency Compensation Type: %
Transaction Broker Compensation Type: %
Dual Or Variable Rate Commission YN: No
Owner Name: Stephen G. Selige
Environmental Survey YN: No
Location, Tax, and Legal
Street Number: 637
Street Name: 639 Northern
Street Suffix: Boulevard
Municipality: South Abington Township
State: PA
Postal Code: 18411
County: Lackawanna
High School District: Abington Heights
City Region: Chinchilla
County Tax Amount: 6066.01
Municipal Tax Amount: 1660.75
School Tax Amount: 11664.16
Tax Annual Amount: 19390.92
Tax Year: 2019
Tax Assessed Value: 94900
Parcel Number: 1011702000302
Additional Parcels YN: No
Zoning Description: Commercial
Directions: From Scranton - Take Rt. 6N for about 2 miles, property on left across the street from South Abington Elementary.
From I-81 - Take Clarks Summit Exit, merge onto Rt. 6S towards Scranton, property on the right across the street from South Abington Elementary.
Tax Book Number: 2012-10773
General Property Information
Building Area Total: 7540
Building Area Total (Report Only): 7540
Enhanced Accessible: No
Year Built: 1990
Building Name: N/A
Parking Total: 26
Lot Size Acres: 0.5
Lot Size Dimensions: 154X122X153X150
Land Lease YN: No
Basement YN: No
Stories: 2
Sign On Property YN: Yes
Auction YN: No
List Price/SqFt: 118.57
Sold Price/SqFt: 87.53
Remarks and Miscellaneous
Public Remarks: Fully rented income producing investment property located in the Abingtons. Conveniently located on Rt 6/11 with easy access to Interstate 81, PA Turnpike, Rt 6/11 and Scranton Expressway. Contains 2 retail/restaurant spaces on first floor and offices on second floor. Newer roof, recently painted, handicap accessible, great visibility, parking for 26 cars. Located in C-1 General Commercial Zoning., Tax Information: Available, Ceiling Height: Up to 8' - Y, Additional Info: 2018 Gross Income: $85,054;
2018 Expenses: $43,006;
2018 Net Income: $43,048;
Cap Rate: 4.53%, No Overhead Door: Y
Exclusions: No
Status Change Information
Major Change Timestamp: 2021-02-24T16:41:22Z
Major Change Type: Status Change
Status Change Timestamp: 2021-02-24
Purchase Contract Date: 2020-11-11
Close Date: 2021-02-22
Close Price: 660000
Concessions: No
Buyer Financing: Conventional
Building Features
Included In Contract: Land/Building
Number of Docks: 2
Office SqFt: 3510
Retail SqFt: 4030
Income and Expenses
Annual Total Expense: 34300
Gross Income: 93675
Net Operating Income: 59375
Oil, Gas and Mineral Rights
Property Subject To Lease: Property Subject To Lease
Road Frontage Type
Road Frontage Length: 153
Property Features
Building Features: Cooler Space; Freezer Space; High Traffic Area; Loading Dock(s); Prime Location
Business Type: Restaurant
Construction Materials: Stucco; Wood Siding
Cooling: Central Air; Wall Unit(s)
Current Use: Commercial; Office; Retail
Electric: 200 or Less Amp Service; 200+ Amp Service; 220 Volts; Circuit Breakers
Flooring: Carpet; Vinyl; Wood
Heating: Baseboard; Electric; Forced Air; Natural Gas
Levels: One and One Half
Listing Terms: Cash; Conventional
Lot Features: Level; Near General Business; Near Office Center
Parking Features: Accessible Parking; Asphalt
Possession: Negotiable
Road Frontage Type: State Road
Roof: Composition; Wood
Sewer: Public Sewer
Water Source: Public
Waterfront Features: Creek; Stream
Showing Requirements: Call Listing Agent
Listing Office: CLASSIC PROPERTIES
Last Updated: December - 10 - 2023
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.