650 Washington Avenue Jermyn, PA $ 549,900
650 Washington Avenue
$ 549,900
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650 Washington Avenue

Jermyn, PA, 18433
$ 549,900
Bedrooms-- Baths-- Sq 5,300

Monthly Estimate*

$ 3,431

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Commercial Property for sale in Jermyn, PA

for $549,900. This 5,300 square foot building was built in 1930 on a lot size of 0.46.

ATTENTION ENTREPRENURS, INVESTORS and DREAMERS! Fantastic opportunity to step into a fully functioning and IMMEDIATELY PROFITABLE restaurant business in a hometown setting. 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 #1 current owner willing to stay on in any capacity buyer desires to help buyer transition smoothly. This could be as an employee or consultant. Bonus#2 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

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Commercial Active

Price

$ 549,900

Property Type

Commercial

Taxes

$ 5,256

Style

Multi Family,Retail

Lot Size

0.46

Year Built

1930

Town/City

Jermyn

County/Region

Lackawanna

MLS | Web ID

SC2963

Features
General
Living Area 5300
Sewer Public Sewer
Heating Baseboard Natural Gas Electric
Cooling Central Air
Possession Close Of Escrow
Roof Composition Shingle
Zoning C2
Construction Materials Shake Siding Vinyl Siding
Year Built 1930
Electric 200+ Amp Service
Stories Count 2
Levels Two
Property Subtype Business
Tax Year 2024
Business Type Rental Restaurant
Business Name Waynes Family Restaurant
County Lackawanna
Property Type Commercial Sale
Possible Use Investment
Building Features Cooler Space Refrigerator Space Turnkey Operations Separate Utilities Prime Location Public Restrooms Private Restrooms Display Window Inventory Included Furniture Included Freezer Space Fixtures Inc
Status Active
Directions Coming off exit 5 turn left onto Rushbrook St then turn left onto Washington Ave at the light the property will be on your left
City Jermyn
High School District Lakeland
Zoning Description Commercial
Number Of Units Total 4
Tax Annual Amount 5256.72
Current Financing Commercial
Property Condition Updated/Remodeled
Structure Type Multi Family Retail
Standard Status Active
Tax Assessed Value 23500
TaxOtherAnnualAssessmentAmount 23500
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Interior
Basement Full Storage Space Walk-Out Access
Flooring Combination
Basement (Y/N) Y
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Exterior
Exterior Amenities Rain Gutters
Fencing None
Parking Features Parking Lot Paved
Lot Features City Lot Rectangular Lot Paved Corner Lot
Water Source Public
Inclusions Restaurant equip
Foundation Details Combination
Building Area Total 5300
Lot Dimensions 27X170
Lot Size Acres 0.46
Road Surface Type Asphalt Paved
Road Frontage Type City Street
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* Excluded Features
List By
Cobblestone Real Estate Llc

Broker

mjc6823@gmail.com

Email

Affordability Calculator

$3,869
Per Month
89%
11%
0%
Monthly Principal & Interest
$3,431
Monthly Property Taxes
$438
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2391675 Elementary School
2391740 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/10/2025$549,900 -6.00% Price Down
10/17/2024$585,000 -13.33% Price Down
8/5/2024$675,000 -9.88% Price Down
6/7/2024$749,000 Listed Price

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650 Washington Avenue, Jermyn, PA, 18433 is a Commercial Property for sale at $549,900 with 5,300 sqft and a lot size of 0.46. 650 Washington Avenue was built in 1930. The property's zip code is 18433 which is in Jermyn, PA