Exceptional Mixed-Use Commercial Property with Two ApartmentsOpportunity awaits with this versatile commercially zoned property featuring a well-equipped garage and two fully rented income-producing apartments. Whether you're looking to operate your own business, expand your investment portfolio, or enjoy the convenience of living and working in one location, this property offers endless possibilities.The commercial space is ideal for an auto body shop, mechanic's garage, detailing business, restoration shop, contractor headquarters, storage facility, or a variety of other commercial uses. The garage features a paint booth, coal stove heat, a welcoming customer entrance with reception/office area, and a spacious rear office complete with its own half bathroom, providing a comfortable and functional workspace.Outside, you'll find a large paved parking lot along with an expansive fenced yard, offering excellent space for vehicle storage, equipment, inventory, or outdoor work areas. The layout allows vehicles to conveniently enter and exit from either the street or the parking lot, making operations efficient and customer-friendly.Above the commercial space are two well-maintained residential apartments, providing excellent rental income potential.Apartment 1* 1 bedroom* Beautiful tile flooring* Spacious bathroom with a relaxing soaker tub* Laundry conveniently located in the bathroom*Electric Heat Apartment 2* 2 bedrooms* Durable vinyl flooring* Full bathroom with laundry*Electric Heat Additional features include separate electric service for each unit, while the water service is shared.With commercial zoning, multiple income opportunities, ample parking, fenced outdoor storage, and flexible business potential, this is a rare property that can accommodate a wide variety of uses. Whether you're an investor or an owner-operator, this unique property is ready for your vision.
A rare opportunity to acquire a state-of-the-art, institutional-grade commercial campus originally designed as an international research and conference center. The property is almost fully occupied by six A+ long-term tenants and offers strong in-place income with three vacancies providing immediate value-add potential. Stabilized NOI is projected at 890K supporting an anticipated stabilized cap rate of 10 percent.. The property was recently appraised at 9.4 million and is offered at an attractive basis of approximately 94/psf. Purpose-built for innovation, education and large-scale collaboration, the facility features an upscale cafeteria/restaurant, auditorium with classrooms, five laboratories with dedicated lab-support areas, three conference rooms, 35 enclosed offices, a library, production and projection rooms, loading dock and a beautifully restored greenhouse. The flexible configuration is well suited for research, healthcare, education, corporate, government, nonprofit, professional-service and light-industrial users.A recently completed energy-efficiency improvement exceeding 100K converted the property's lighting to LED, enhancing operational efficiency and reducing future capital needs.The 7+ acre campus includes approximately 268 paved parking spaces and a walking trail along the Lackawanna River, offering an amenity-rich environment for tenants, employees and visitors. Convenient highway access connects the property to the greater Northeastern Pennsylvania region.Positioned within a rapidly evolving corridor benefiting from expanding institutional, industrial, logistics and infrastructure investment, this area is poised for continued demand and long-term appreciation. The combination of specialized construction, diversified tenancy, below-replacement-cost pricing and significant upside makes this an exceptional acquisition opportunity.Contact Kate for link to more info and financials.
Mayfield is located in Pennsylvania. Mayfield, Pennsylvania has a population of 1,866. Mayfield is more family-centric than the surrounding county with 26.93% of the households containing married families with children. The county average for households married with children is 24.76%.
The median household income in Mayfield, Pennsylvania is $75,694. The median household income for the surrounding county is $58,366 compared to the national median of $69,021. The median age of people living in Mayfield is 40.8 years.
The average high temperature in July is 78.4 degrees, with an average low temperature in January of 11.9 degrees. The average rainfall is approximately 46 inches per year, with 65 inches of snow per year.
