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Listed by Stephen Franco Gorilla Real Estate LLC
$ 800,000
Est. payment /mo
Active
604 Cedar AVE Scranton, PA 18505
6,872 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 6,872 sqft
Price per Sqft $116
MLS Listing ID GSBSC264299
Total Fin. Sqft 6872
Year Built 1930
Annual Tax Amount $7,614
Tax Year 2024
Lot Size 10,890 Sqft
Acres 0.25
Lot Dimensions 80X50
Property Sub-Type Mixed Use
Source scranton
Property Description
Prime Investment Opportunity on Busy Cedar Ave - 5-Unit Property with Endless Potential!Discover this recently renovated corner property on bustling Cedar Ave, offering a perfect blend of residential and commercial spaces. This versatile building features 2 apartments, 2 commercial units, and a spacious (appx) 20x40 garage that opens the door to endless possibilities Property Highlights:Residential Units: Two well-maintained apartments upstairs. One is currently occupied, generating $1,200/month in rental income, while the other is being renovated and offers similar income potential.Commercial Spaces: A thriving hair salon occupies one ground-floor unit, generating $1,200/month. The other unit houses a laundromat and a game-of-skill room, currently operated by the building owner, bringing in an impressive $2,200/week in revenue.Garage Space: A massive 20x40 garage with potential for a detail shop, workshop, or other creative uses, offering an estimated rental value of $750/month.Additional Income: A digital sign on the property generates extra income, making this an even more attractive investment.Recent Upgrades:New roof (2018 approx)New siding and exterior improvementsUpdated systems throughoutBrand-new laundry machines installed ~ 2023Seller Note: The seller may consider creative financing options with a six-figure down payment.This property is a turnkey investment with a strong income profile and potential for even greater returns. With its prime corner location, high visibility, and diverse income streams, this is an opportunity you don't want to miss.Income Breakdown:Game room & laundromat: $2,200/weekLaundry space rent $2500Hair salon: $1,200/monthApartment 1: $1,200/month (occupied)Apartment 2: $1,200/month (potential)Garage: $750/month (potential)Whether you're an investor seeking a high-performing property or an entrepreneur looking for a mixed-use space with excellent income potential, this works
Location
State PA
County Lackawanna
Area 6872
Zoning c
Direction Cedar ave by old penn security bank
Interior
Fireplace No
Exterior
View Y/N Yes
Building
Story 2
Schools
School District Scranton
© 2026 Listings courtesy of Greater Scranton MLS as distributed by MLS GRID. All Rights Reserved.
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