615-617 Charles Street, Throop, PA 18512

$650,000
Property Type: Commercial Sale Square Footage: 8,415 Lot Size (sq. ft.): 13,939 Status: Active
Current Price: $650,000 List Date: 4/28/2026 Last Modified: 9/14/2026

Overview

Description

Prime mixed-use investment opportunity featuring a well-maintained building with one commercial storefront, two garages, and three fully updated residential apartments. Each unit has been modernized with contemporary finishes, offering strong tenant appeal and minimal maintenance concerns. The property is fully occupied, providing immediate and stable cash flow with a gross annual income of $85,000. The commercial space offers excellent visibility and flexibility for a variety of business uses, while the residential units feature updated kitchens, baths, and mechanicals. Additional income from the two garages enhances overall returns. Ideal for investors seeking a turnkey property with a solid rental history and upside potential in a growing market.

Listing Details MLS# SC-261820

General Property Information

Number Of Buildings
Yes
Number Of Units Total
6
Building Area Total
8415
Building Area Total (Report Only)
8415
Enhanced Accessible
No
Year Built
1960
Lot Size Acres
0.32
Lot Size Dimensions
85X85X150X8X8X150
Lot Dimensions Source
Public Records
Waterfront YN
No
Stories
2
Auction YN
No
List Price/SqFt
77.24

Property Features

Cooling: Central Air; Wall Unit(s) Current Use: Mixed Use Flooring: Carpet; Concrete; Luxury Vinyl; Wood Foundation Details: Slab Heating: Electric; Natural Gas Levels: Two Listing Terms: Cash; Conventional Lot Features: Irregular Lot; Level; Near Central Business District Owner Pays: Insurance; Sewer; Taxes; Water Parking Features: Attached; Garage Faces Front Possession: Close Of Escrow Possible Use: Automotive; Multi-Family; Office Property Condition: Updated/Remodeled Road Frontage Type: City Street Road Surface Type: Asphalt Sewer: Public Sewer Structure Type: Mixed Use; Multi Family; Office; Warehouse Tenant Pays: Electricity; See Remarks Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected Water Source: Public Showing Requirements: 24 Hour Notice; Showing Service

Contract Information

Listing Contract Date
2026-04-28
Property Sub Type
Mixed Use
Listing Agreement
Exclusive Right To Sell
Listing Service
Full Service
Seller Offers Concessions YN
Yes
Owner Name
Oz Realty LLC
Environmental Survey YN
No

Location Tax and Legal

Street Number
615-617
Street Name
Charles
Street Suffix
Street
State
PA
Postal Code
18512
County
Lackawanna

Remarks and Miscellaneous

Public Remarks
Prime mixed-use investment opportunity featuring a well-maintained building with one commercial storefront, two garages, and three fully updated residential apartments. Each unit has been modernized with contemporary finishes, offering strong tenant appeal and minimal maintenance concerns. The property is fully occupied, providing immediate and stable cash flow with a gross annual income of $85,000. The commercial space offers excellent visibility and flexibility for a variety of business uses, while the residential units feature updated kitchens, baths, and mechanicals. Additional income from the two garages enhances overall returns. Ideal for investors seeking a turnkey property with a solid rental history and upside potential in a growing market.

Status Change Information

Major Change Timestamp
2026-09-14T13:43:59Z
Major Change Type
Price Reduced
Price Change Timestamp
2026-09-14T13:43:59Z
Status Change Timestamp
2026-04-28

More Information

Income and Expenses

Annual Total Expense
10946
Gross Income
85440
Insurance Expense
4772
Net Operating Income
74449
New Taxes Expense
4488
Sewer Expense
336
Water Expense
1350
Listing Office: Levy Realty Group
Last Updated: September - 14 - 2026
Information deemed reliable but not guaranteed.