650 Washington Avenue, Jermyn, PA 18433
$499,900
Property Type:
Commercial Sale
Square Footage:
5,300
Lot Size (sq. ft.):
20,038
Status:
Active
Current Price:
$499,900
List Date:
7/01/2026
Last Modified:
9/15/2026
Listing Details MLS# SC-2963
General Property Information
- Business Name
- Waynes Family Restaurant
- Number Of Units Total
- 4
- Building Area Total
- 5300
- Building Area Total (Report Only)
- 5300
- Enhanced Accessible
- No
- Year Built
- 1930
- Lot Size Acres
- 0.46
- Lot Size Dimensions
- 27X170
- Waterfront YN
- No
- Basement YN
- Yes
- Stories
- 2
- Auction YN
- No
- List Price/SqFt
- 94.32
Property Features
Basement:
Full; Storage Space; Walk-Out Access
Building Features:
Cooler Space; Display Window(s); Established Business; Fixtures Included; Freezer Space; Furniture Included; Inventory Included; Prime Location; Private Restrooms; Public Restrooms; Refrigerator Space; Separate Utilities; Turnkey Operations
Business Type:
Rental; Restaurant
Construction Materials:
Shake Siding; Vinyl Siding
Cooling:
Central Air
Current Financing:
Commercial Loan
Electric:
200+ Amp Service
Exterior Features:
Rain Gutters
Fencing:
None
Flooring:
Combination
Foundation Details:
Combination
Heating:
Baseboard; Electric; Natural Gas
Levels:
Two
Listing Terms:
1031 Exchange; Conventional
Lot Features:
City Lot; Corner Lot; Paved; Rectangular Lot
Parking Features:
Parking Lot; Paved
Possession:
Close Of Escrow
Possible Use:
Investment
Property Condition:
Updated/Remodeled
Road Frontage Type:
City Street
Road Surface Type:
Asphalt; Paved
Roof:
Composition; Shingle
Sewer:
Public Sewer
Special Listing Conditions:
Standard
Structure Type:
Multi Family; Retail
Water Source:
Public
Showing Requirements:
24 Hour Notice; Showing Service
Contract Information
- Listing Contract Date
- 2024-05-29
- Property Sub Type
- Business
- Listing Agreement
- Exclusive Right To Sell
- Listing Service
- Full Service
- Owner Name
- TIMOOTZOO REALTY LLC
- Environmental Survey YN
- No
Location Tax and Legal
- Street Number
- 650
- Street Name
- Washington
- Street Suffix
- Avenue
- State
- PA
- Postal Code
- 18433
- County
- Lackawanna
Remarks and Miscellaneous
- Public Remarks
- ATTENTION ENTREPRENURS, INVESTORS and DREAMERS! Fantastic opportunity to step into a fully functioning and IMMEDIATELY PROFITABLE restaurant business in a hometown setting. This property also features 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. 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: current owner willing to stay on in any capacity buyer desires to help buyer transition smoothly. This could be as an employee or consultant.
- Inclusions
- Restaurant equip
Status Change Information
- Major Change Timestamp
- 2026-09-15T16:57:27Z
- Major Change Type
- Price Reduced
- Price Change Timestamp
- 2026-09-15T16:57:27Z
- Status Change Timestamp
- 2026-07-01
- Back on Market Date
- 2025-06-08
More Information
Road Frontage Type
- Road Frontage Length
- 100
Listing Office:
Cobblestone Real Estate LLC
Last Updated: September - 15 - 2026
Information deemed reliable but not guaranteed.