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Adriana Jez

adriana.jez@exprealty.com +1(347) 255-0907

Listed by Michael James Clark III Cobblestone Real Estate LLC

$ 520,000

Est. payment -/mo

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Active

650 Washington AVE Jermyn, PA 18433

5,300 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Business

Listing Status Active

Purchase Type For Sale

Square Footage 5,300 sqft

Price per Sqft $98

MLS Listing ID GSBSC2963

Total Fin. Sqft 5300

Year Built 1930

Annual Tax Amount $5,256

Tax Year 2024

Lot Size 0.460 Acres

Acres 0.46

Lot Dimensions 27X170

Property Sub-Type Business

Source scranton

Property Description

ATTENTION ENTREPRENURS, INVESTORS and DREAMERS! Fantastic opportunity to step into a fully functioning and IMMEDIATELY PROFITABLE restaurant business in a hometown setting. This property also features three fully rented apartments above the restaurant with long-term tenants and below market rents. (2) one bedroom one bathroom and (1) two bedroom one bathroom. Opportunities for a successful, turnkey business in excellent condition don't come around too often. For the past 50 years this diner has been a staple in the community and for the last 20 years, the same owner has cared for, maintained and run this thriving restaurant business. All building maintenance is up-to-date, including new forced hot air, heat, and air conditioning system, new roof, windows, siding, Restaurant, equipment, etc., within the past few years and can confidently go into the next 20 maintenance free. This building has the capacity to seat nearly 100 customers. Sale includes parking lot adjacent to building approximately 35 to 40 cars. All restaurant, equipment, utensils, coolers, freezers, fountains, etc. transfer to new owner. Bonus: current owner willing to stay on in any capacity buyer desires to help buyer transition smoothly. This could be as an employee or consultant.

Location

State PA

County Lackawanna

Area 5300

Zoning C2

Direction Coming off exit 5 turn left onto Rushbrook St then turn left onto Washington Ave at the light, the property will be on your left

Rooms

Basement Full, Storage Space, Walk-Out Access

Interior

Heating Baseboard, Natural Gas, Electric

Cooling Central Air

Flooring Combination

Fireplace No

Heat Source Baseboard, Natural Gas, Electric

Exterior

Exterior Feature Rain Gutters

Parking Features Parking Lot, Paved

View Y/N Yes

Roof Type Composition,Shingle

Street Surface Asphalt,Paved

Building

Lot Description City Lot, Rectangular Lot, Paved, Corner Lot

Story 2

Foundation Combination

Sewer Public Sewer

Water Public

Level or Stories Two

Structure Type Shake Siding,Vinyl Siding

Schools

School District Lakeland

Others

Acceptable Financing 1031 Exchange, Conventional

Listing Terms 1031 Exchange, Conventional

Greater Scranton Board of Realtors (SMLS)

Nearby Locations

Adriana Jez

Agent | License ID: RS358942

+1(347) 255-0907

Adriana Jez

650 Washington AVE Jermyn, PA 18433

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby Locations

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650 Washington AVE