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220 W Market St
Scranton, PA 18508
Cole Muffler · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- ±3,616 square foot auto-service building operated by Mavis Discount Tire
- Corporately backed by Mavis, the largest independent tire retail dealership in North America by a wide margin
- Scranton/Wilkes-Barre Metropolitan Area has a population of over ±207,433 people
- Strategically located in the Scranton/Wilkes-Barre Metropolitan Area
- Contains two additional ten-year renewal periods, offering investors the potential for long-term stability and income growth
- Sixth most populous area in Pennsylvania
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
3,616 SF
Building Class
C
Year Built
1972
Price
$689,165 CAD
Price Per SF
$190.59 CAD
Cap Rate
8%
NOI
$55,133 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.64 AC
Zoning
C - Commercial
Parking
8 Spaces (2.21 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Pylon Sign
- Signage
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | 13408070002 | Improvements Assessment | $137,833 CAD |
| Land Assessment | $5,513 CAD | Total Assessment | $143,346 CAD |
PROPERTY TAXES
Parcel Number
13408070002
Land Assessment
$5,513 CAD
Improvements Assessment
$137,833 CAD
Total Assessment
$143,346 CAD
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