499 Cherry Street, Montrose, PA 18801
Susquehanna County
Key Facts
Description
Opportunity awaits with this spacious and versatile property located in the heart of Montrose, prominently situated on the corner of Cherry Street and Strawberry Street. Over the years, this property has successfully served as a single-family home, professional office, and income-producing rental, offering endless possibilities for its next owner.Configured as a rental, the property features 5 bedrooms and 2 full bathrooms, providing ample living space for tenants or a large household. Those seeking commercial or professional use will appreciate the flexible floor plan, which offers abundant space for private offices, meeting areas, client reception areas, or other business operations.Outside, you'll find a large rear yard and a barn, adding valuable storage, workspace, and future potential. Zoned X-1 Office, this property presents a unique opportunity for professional, investment, or mixed-use applications. Buyers are encouraged to verify their intended use with the municipality.Whether you're looking for office headquarters, an investment property, or a property with redevelopment potential, this highly visible corner location offers exceptional flexibility and income-producing possibilities in a prime Montrose setting.*OGM rights were previously reserved by a prior owner and do not convey with the sale. Buyers should verify all permitted uses and zoning requirements with the local municipality.*
Property Information
Property Type
Commercial Sale
Sub-Type
Multi Family
Structure Type
House
Year Built
1845
Living Area
2,000 sq ft
Lot Size
0.40 acres
Lot Dimensions
74x116x74x115
Zoning
X1
Days on Market
5
MLS® Listing#
SC263068
Property Features
Heating
Flooring
Fencing
Lot Features
Foundation
Roof
Sewer
Water Source
Financial Details
Annual Taxes
$2,440
Tax year 2026
Assessed Value
$32,500
Parcel Number
124.14-2,001.00,000.
Directions
FROM GROW AVE - TURNS INTO CHURCH STREET - TO RIGHT ON TO CHERRY STREET. HOUSE ON LEFT.
Affordability Calculator
$52,000
Estimated monthly payment
$1,384/mo
Principal $208,000 · Est. interest $290,179 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Montrose, PA
- $300,000
- Median Listing Price
- 55
- Median Days on Market
- 1,908
- Median Sq Ft
- $146
- Median Price / Sq Ft
- 21
- Active Listings
- This home’s price is 13% below the area median.
- Its price per sq ft is 11% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Montrose, PA.
Location
Map is currently unavailable for this location.
Points of Interest in Montrose, PA
Showing the Montrose area map.
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 286 N Lake Road, Montrose, PA | $189,900 | 1 | 1 | 750 |
| 9892 Forest Lake Road, Montrose, PA | $225,000 | 5 | 3 | 2,600 |
| 10548 State Rt 29, Montrose, PA | $235,000 | 2 | 2 | 1,200 |
| 10548 State Route 29, Montrose, PA | $235,000 | — | — | 1,400 |
| 20411 Pennsylvania 706, Montrose, PA | $245,000 | 4 | 2 | 1,865 |
| 372 Lower South Main Street, Montrose, PA | $255,000 | 6 | 3 | 2,520 |
Moving Cost Estimate
EXIT Agents in Montrose
Listing Courtesy: Levy Realty Group - 5706367160
Presented by: Sara Levy