Home for Sale at 2860 PA-309, Dallas, PA 18612

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2860 Pa-309
Dallas, PA 18612

Jacob W. Rosenstein with ERA One Source Realty, original listing - (570) 587-9999

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Property Details

List Price:	$1,999,999
Beds:	--
Baths:	--
Status:	Active
SqFt:	25000 Square Feet
Agency:	ERA One Source Realty
Agency Phone:	(570) 587-9999

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Description/Comments

Lot Size:	1 acre(s)
Property Type:	Commercial Sale-Other
Year Built:	1950
Notes:	This exceptional 1.33-acre property offers two well-maintained commercial buildings with flexible layouts and high-visibility frontage along Highway 309. Zoned B-2, the site supports a variety of commercial, medical, office, and residential uses.Building 1 spans approximately 19,000 square feet across two stories and was formerly operated as an assisted living facility. It is well-suited for senior living, medical offices, outpatient clinics, or conversion into a multi-tenant commercial space. With generous square footage and room for expansion, the building presents a prime opportunity for customization to meet specific operational needs.Building 2 is a 6,000 square foot, single-story structure that previously housed transitional housing services. It offers a layout ideal for non-profits, counseling centers, rehabilitation programs, or professional office users.Key Highlights:Zoned B-2 - Permits a wide range of commercial and residential usesProminent Highway 309 Location - Excellent exposure and accessibility1.21 Acres - Ample on-site parking and potential for further development.Turnkey Opportunity - Functional interiors with flexibility for upgradesThis is a rare chance to acquire a highly adaptable property in a high-traffic corridor, perfect for healthcare providers, social service organizations, or business operators seeking a strategic, ready-to-go location.
MlsNumber:	--
ListingId:	SC251664

Listing Provided By:	ERA One Source Realty, original listing
Phone:	(570) 955-7338
Office Phone:	(570) 587-9999
Agent Name:	Jacob W. Rosenstein
Disclaimer:	Copyright © 2025 Greater Scranton Board of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest.

The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered.

VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale.

This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments.

Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.

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