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SC-250114 1302 Adams Ave 6,100 SF Vacant Retail Building Scranton, PA 18509 $525,000 ($86.07/SF)

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INVESTMENT HIGHLIGHTS

  • Seating for 100, outdoor dining area, bottle shop
  • Off-street parking, high traffic area
  • Liquor license, corner lot, income producing property
  • Four floors

EXECUTIVE SUMMARY

Liquor license is included. Confidentiality agreements will have to be signed for any financial or substantive discussions. Catch this unique opportunity in the borough of Dunmore - a thriving neighborhood restaurant with a patio, with additional residential income potential! The commercial property features a thoughtfully renovated restaurant space that eclectically blends mid-century modern appeal with a playful artistic flair, preserving many charming elements of the building's history. Now a local hotspot in the community, the business features seating for 100, an outdoor dining patio, bottle shop with takeout counter & retail space, and a fully equipped bar along with draft beer options. The included liquor license adds a significant benefit to this turnkey operation. The restaurant's fun vibe extends outdoors to whimsical outdoor dining & seating areas. Convenient parking options include both on-street and off-street parking, making it easily accessible for patrons. Above the restaurant, you'll find two spacious apartments, offering 3-4 bedrooms and one bathroom each. While these units need some tender loving care, they present an excellent opportunity for additional income or to keep as owner/manager occupancy. This large corner lot carries attractively low taxes, adding to the investment appeal. If you're looking for a versatile income-producing opportunity, fully equipped with a proven track record, your search stops here. Explore entrepreneurship with dash of renovation adventure at 1302 Adams Ave, Dunmore, PA!

PROPERTY FACTS

Sale Type
Investment or Owner User
Sale Condition
Lease Option
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,100 SF
Building Class
C
Year Built
1900
Price
$525,000
Price Per SF
$86.07
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.17
Lot Size
0.12 AC
Zoning
Commercial - Commercial
Frontage
50’ on Adams Ave

AMENITIES

  • Corner Lot
  • Courtyard
  • Restaurant
  • Security System
  • Signage
  • Air Conditioning

NEARBY MAJOR RETAILERS

Community Bank
CrossFit
Rent-A-Center
My Gym Children's Fitness Ctr
Chase
PNC Bank
Starbucks
GIANT
Planet Fitness

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
14610010056
Land Assessment
$3,050
Improvements Assessment
$10,000
Total Assessment
$13,050
  • Listing ID: 34581331

  • Date on Market: 1/23/2025

  • Last Updated:

  • Address: 1302 Adams Ave, Scranton, PA 18509

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