New

$700,000

For Sale

4 hours ago

604 Cedar Ave, Scranton, PA

Name: 604 Cedar Ave, For Sale in Scranton - eXp Realty
Brand: Gorilla Real Estate LLC
SKU: SC264299
Price: 700000 USD

House

MLS® SC264299

0 Bed

0 Bath

6872 sqft

Key Facts
Description
Map

Key Facts

Type Mixed Use

Levels Commercial Sale

Size 6872 sqft

Garage

Taxes $7,614

Days Active 0

Lot Size 0.25 Acres

Approx. Age 1930

Avg. Price Per Sqft $101

MLS® Number SC264299

Property Address: 604 Cedar Ave, Scranton, PA, 18505-1398

Average square foot calculated using Size range provided by listing agent.

Description

Prime Investment Opportunity on Busy Cedar Ave - 5-Unit Property with Endless Potential!Discover this recently renovated corner property on bustling Cedar Ave, offering a perfect blend of residential and commercial spaces. This versatile building features 2 apartments, 2 commercial units, and a spacious (appx) 20x40 garage that opens the door to endless possibilities Property Highlights:Residential Units: Two well-maintained apartments upstairs. One is currently occupied, generating $1, 200/month in rental income, while the other is being renovated and offers similar income potential.Commercial Spaces: A thriving hair salon occupies one ground-floor unit, generating $1, 200/month. The other unit houses a laundromat and a game-of-skill room, currently operated by the building owner, bringing in an impressive $2, 200/week in revenue.Garage Space: A massive 20x40 garage with potential for a detail shop, workshop, or other creative uses, offering an estimated rental value of $750/month.Additional Income: A digital sign on the property generates extra income, making this an even more attractive investment.Recent Upgrades:New roof (2018 approx)New siding and exterior improvementsUpdated systems throughoutBrand-new laundry machines installed ~ 2023Seller Note: The seller may consider creative financing options with a six-figure down payment.This property is a turnkey investment with a strong income profile and potential for even greater returns. With its prime corner location, high visibility, and diverse income streams, this is an opportunity you don't want to miss.Income Breakdown:Game room & laundromat: $2, 200/weekLaundry space rent $2500Hair salon: $1, 200/monthApartment 1: $1, 200/month (occupied)Apartment 2: $1, 200/month (potential)Garage: $750/month (potential)Whether you're an investor seeking a high-performing property or an entrepreneur looking for a mixed-use space with excellent income potential, this works

MLS® NumberSC264299

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1930

Basement

Driveway

Garage Spaces

Heat

A/C

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Aug 30, 2026List Date

$700,000List Price

Commute

Commute

Starting Address

Destination Address

Like what you see?

Complete the form and we'll be in touch. No login necessary.

Add a Comment

I want to view this property

By pressing "Take a Tour", I confirm that I have read and agree to the eXp Privacy Policy, and Terms of Use.

By pressing "Take a Tour", I am electronically signing and consenting to receive marketing comms about real estate brokerage and mortgage lending services, delivered via email, phone and/or text (using "automated technology" such as an automatic telephone dialing system, and/or an artificial or prerecorded voice), from eXp Realty® and its independent contractor real estate professionals and their affiliate SUCCESS® Lending using the contact information I provided. Your consent is not a condition of purchase and you may revoke it at any time by replying "STOP" to any texts. Text HELP for more info. Message and data rates may apply. You may also contact us directly at 1-844-683-4664.

Similar Listings

Comparable Properties

DMCA Notice

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply

Fair Housing and Reasonable Accommodations

MLS Compliance Statements

Karen Richards - Designated Managing Broker, Broker Operations - TX

Texas Real Estate Commission information about brokerage services

Texas Real Estate Commission Consumer Protection Notice

eXp Realty® is committed to adhering to the guidelines of The New York State Fair Housing Regulations.The Fair Housing Notice →

*Standardized Operating Procedure for Purchasers of Real Estate Pursuant to Real Property Law 442-H.Learn More →

eXp Realty of California, Inc. | CA DRE# 01878277 | Deborah Penny - Designated Broker

eXp Realty of Southern California, Inc. | CA DRE#01325837 | Jason Crawford – Designated Broker

eXp Realty of Greater Los Angeles, Inc. | CA DRE# 01240990 | Mike Mendibles - Designated Broker

eXp Realty of Northern California, Inc. | CA DRE# 01951343 | Ryan Rosas - Designated Broker