Jermyn, PA 18433 650 Washington Avenue

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Presented By: Cobblestone Real Estate LLC
  • MLS# SC2963
  • 05/29/2024
  • Request Tour
  • Request Info

Sarah Arndt

REALTOR
Price $538,900
MLS#SC2963
List Date 05/29/2024
Property Type Commercial
Phone 570.762.8048
Request Tour
Request Info
Visit My Website
  • SQFT • 5,300

Home Details

ATTENTION ENTREPRENURS, INVESTORS and DREAMERS! Fantastic opportunity to step into a fully functioning and IMMEDIATELY PROFITABLE restaurant business in a hometown setting. 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 #1 current owner willing to stay on in any capacity buyer desires to help buyer transition smoothly. This could be as an employee or consultant. Bonus#2 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
Presented By: Cobblestone Real Estate LLC

Interior Features for 650 Washington Avenue

Other Interior Features

BasementFull, Storage Space, Walk-Out Access
Basement (Y/N)Yes
FlooringCombination

General for 650 Washington Avenue

Building FeaturesCooler Space, Refrigerator Space, Turnkey Operations, Separate Utilities, Prime Location, Public Restrooms, Private Restrooms, Display Window, Inventory Included, Furniture Included, Freezer Space, Fixtures Inc
Business NameWaynes Family Restaurant
Business TypeRental, Restaurant
CityJermyn
Construction MaterialsShake Siding, Vinyl Siding
CoolingCentral Air
CountyLackawanna
Current FinancingCommercial
DirectionsComing off exit 5 turn left onto Rushbrook St then turn left onto Washington Ave at the light, the property will be on your left
Electric200+ Amp Service
HeatingBaseboard, Natural Gas, Electric
High School DistrictLakeland
LevelsTwo
Living Area5300
Number Of Units Total4
PossessionClose Of Escrow
Possible UseInvestment
Property ConditionUpdated/Remodeled
Property SubtypeBusiness
Property TypeCommercial Sale
RoofComposition, Shingle
SewerPublic Sewer
Standard StatusActive
StatusActive
Stories Count2
Structure TypeMulti Family, Retail
Tax Annual Amount5256.72
Tax Assessed Value23500
Tax Year2024
TaxOtherAnnualAssessmentAmount23500
Year Built1930
ZoningC2
Zoning DescriptionCommercial

Exterior for 650 Washington Avenue

Building Area Total5300
Exterior AmenitiesRain Gutters
FencingNone
Foundation DetailsCombination
InclusionsRestaurant equip
Lot Dimensions27X170
Lot FeaturesCity Lot, Rectangular Lot, Paved, Corner Lot
Lot Size Acres0.46
Parking FeaturesParking Lot, Paved
Road Frontage TypeCity Street
Road Surface TypeAsphalt, Paved
Water SourcePublic

Additional Details

Price History

Sarah Arndt

REALTOR
Price $538,900
MLS#SC2963
List Date 05/29/2024
Property Type Commercial
Phone 570.762.8048
Request Tour
Request Info
Visit My Website

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