220 W Market St - Auto Repair FOR SALE


Scranton, PA 18508
$500,000 USD
214-692-2191
220 W Market St, Scranton, PA for Sale
$500,000 USD
Auto Repair - FOR SALE
1/1
null | 8% Cap Rate

220 W Market St
Scranton, PA 18508


HIGHLIGHTS

  • ±3,616 square foot auto-service building operated by Mavis Discount Tire
  • Strategically located in the Scranton/Wilkes-Barre Metropolitan Area
  • Corporately backed by Mavis, the largest independent tire retail dealership in North America by a wide margin
  • Contains two additional ten-year renewal periods, offering investors the potential for long-term stability and income growth
  • Scranton/Wilkes-Barre Metropolitan Area has a population of over ±207,433 people
  • Sixth most populous area in Pennsylvania

OVERVIEW

The subject property in Scranton, PA, boasts an efficient ±3,616 square foot auto-service building operated by Mavis Discount Tire. The sizeable footprint of the building reflects a commitment to providing comprehensive auto-care services. The property is strategically located in the Scranton/Wilkes-Barre Metropolitan Area, which has a population of over ±207,433 people. This makes it the sixth most populous area in Pennsylvania. The property is situated on a hard corner which shows a high daily traffic count. This robust traffic volume not only enhances the property’s visibility but also underscores its potential for consistent customer footfall. The lease is corporately backed by Mavis, the largest independent tire retail dealership in North America by a wide margin. It also contains two additional ten-year renewal periods, offering investors the potential for long-term stability and income growth.

FOR SALE DETAILS

PRICE

$500,000 USD

PRICE/SF

$138 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cole Muffler

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.64 AC

LAND SF

27,896 SF

ZONING

C

APN/PARCEL ID

13408070002

ASK ABOUT THIS PROPERTY

Lee CordovaMatthews Real Estate Investment ServicesMore Info
214-692-2191

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Lee CordovaMatthews Real Estate Investment ServicesMore Info
214-692-2191

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.