207-209 E Lackawanna Avenue, Olyphant, PA 18447
$425,000
Property Type:
Commercial Sale
Square Footage:
1,800
Lot Size (sq. ft.):
4,356
Status:
Active
Current Price:
$425,000
List Date:
10/07/2026
Last Modified:
10/07/2026
Listing Details MLS# SC-265025
General Property Information
- Number Of Buildings
- Yes
- Number Of Units Total
- 4
- Building Area Total
- 1800
- Building Area Total (Report Only)
- 1800
- Enhanced Accessible
- No
- Year Built
- 1926
- Garage Spaces
- 2
- Parking Total
- 9
- Lot Size Acres
- 0.1
- Lot Size Dimensions
- 30x150
- Lot Dimensions Source
- Public Records
- Land Lease YN
- No
- Waterfront YN
- No
- Basement YN
- Yes
- Stories
- 2
- Rent Control YN
- No
- List Price/SqFt
- 236.11
- Auction YN
- No
Property Features
Basement:
Concrete
Building Features:
High Traffic Area; Prime Location; Separate Utilities
Business Type:
Mixed; Retail
Community Features:
None
Construction Materials:
Brick; Vinyl Siding
Cooling:
None
Current Financing:
None
Current Use:
Mixed Use; Multi-Family; Retail
Electric:
Circuit Breakers
Exterior Features:
None
Fencing:
None
Foundation Details:
Permanent
Heating:
Hot Water; Natural Gas
Levels:
Two
Listing Terms:
Cash; Conventional
Lot Features:
Level
Owner Pays:
Insurance; Sewer; Snow Removal; Taxes; Water
Parking Features:
Detached; Driveway; Garage; Off Street
Possession:
Close Of Escrow
Possible Use:
Commercial; Mixed Use; Multi-Family
Property Condition:
Updated/Remodeled
Road Frontage Type:
City Street
Road Surface Type:
Paved
Roof:
Composition; Shingle
Sewer:
Public Sewer
Structure Type:
Mixed Use; Multi Family; Retail
Tenant Pays:
Electricity; Gas; Hot Water; Trash Collection
Utilities:
Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected
Water Source:
Public
Showing Requirements:
24 Hour Notice; Appointment Only; No Lockbox; Occupied; Restricted Hours; Showing Service
Contract Information
- Listing Contract Date
- 2026-10-07
- Property Sub Type
- Mixed Use
- Listing Agreement
- Exclusive Right To Sell
- Listing Service
- Full Service
- Seller Offers Concessions YN
- No
- Owner Name
- Eugene Lucas
- Environmental Survey YN
- No
Location Tax and Legal
- Street Number
- 207-209
- Street Direction Prefix
- E
- Street Name
- Lackawanna
- Street Suffix
- Avenue
- State
- PA
- Postal Code
- 18447
- County
- Lackawanna
Remarks and Miscellaneous
- Public Remarks
- Welcome to this fantastic investment opportunity located in the heart of downtown Olyphant! This mixed-use building offers a strategic combination of commercial and residential spaces, making it an ideal prospect for savvy investors. Consisting of 2 storefronts (salon and retail) and 2 apartments at the rear, this property is versatile and caters to various business and residential needs. All four units are currently rented, providing immediate income for the new owner. This property generates a robust gross income of $35,00, this property promises a steady and attractive return on investment. The property boasts a recently installed roof, ensuring longevity and minimizing maintenance costs. The basement has also been painted and paneled. Additional features include off-street parking for tenants and well as a detached 20 x 20 garage which can be utilized or rented out for storage, adding an extra dimension to the property's income potential. Recent sales in the vicinity underscore the burgeoning value and potential of this downtown locale. Downtown Olyphant is experiencing a renaissance, with new businesses and high-end residential apartments emerging. This trend contributes to the overall desirability and potential appreciation of the property. Don't miss out on this prime investment opportunity in the flourishing downtown Olyphant area. Whether you're an investor looking for a reliable income stream or someone seeking a strategic commercial-residential mix, this property has it all. Contact us for more information or to schedule a viewing today! All information and measurements are approximate, not warranted or guaranteed.
Status Change Information
- Major Change Timestamp
- 2026-10-07T16:22:18Z
- Major Change Type
- New Listing
- Status Change Timestamp
- 2026-10-07
More Information
Building Features
- Number of Levels
- 2
Income and Expenses
- Annual Total Expense
- 5126
- Cap Rate
- 7
- Gross Income
- 35400
- Insurance Expense
- 1115
- Manager Expense
- 150
- Net Operating Income
- 30274
- New Taxes Expense
- 2661
- Water Expense
- 1200
Location, Tax, and Legal
- Municipality
- Olyphant Borough
- Tax Information
- Available
- Directions
- Turn left onto Main St., left onto Bridge St., turn left onto E. Lackawanna Ave.
Road Frontage Type
- Road Frontage Length
- 30
Listing Office:
Levy Realty Group
Last Updated: October - 07 - 2026
Information deemed reliable but not guaranteed.