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Listed by John Clawson Dream Homes Real Estate LLC
$ 999,000
Est. payment | /mo
11 Baths
15,022 SqFt
$ 999,000
Est. payment | /mo
11 Baths
15,022 SqFt
Key Details
Property Type Commercial
Sub Type Commercial Sale
Listing Status Pending
Purchase Type For Sale
Square Footage 15,022 sqft
Price per Sqft $66
MLS Listing ID 26-3477
Annual Tax Amount $16,638
Lot Size 0.345 Acres
Lot Dimensions 50x100
Property Sub-Type Commercial Sale
Source Luzerne County Association of REALTORS®
Property Description
Exceptional mixed-use investment opportunity in the heart of Downtown Wilkes-Barre with a 9.22% cap rate. Situated on a highly visible signalized corner, this approximately 15,000+ square foot property features 5 commercial suites and 4 residential apartments, offering a diverse mix of office, retail, wellness, and residential uses. Several residential apartments showcase exposed brick, blending historic character with modern appeal. Additional features include an EPDM roof installed approximately five years ago, separately metered gas & electric, coin-operated laundry, and C-3 zoning, providing flexibility for a variety of commercial and mixed-use uses.
Ideally located within walking distance of Wilkes University, restaurants, retail, and other downtown amenities, the property offers outstanding visibility, accessibility, and long-term investment potential. The existing approximately 4,400 square-foot office suite presents a compelling value-add opportunity. Future ownership may elect to continue the existing office use, explore reconfiguration into multiple professional office suites, or evaluate a potential office-to-residential conversion, subject to buyer due diligence and any required approvals. Conceptual plans for the residential conversion are available upon request.
Ideally located within walking distance of Wilkes University, restaurants, retail, and other downtown amenities, the property offers outstanding visibility, accessibility, and long-term investment potential. The existing approximately 4,400 square-foot office suite presents a compelling value-add opportunity. Future ownership may elect to continue the existing office use, explore reconfiguration into multiple professional office suites, or evaluate a potential office-to-residential conversion, subject to buyer due diligence and any required approvals. Conceptual plans for the residential conversion are available upon request.
Location
State PA
County Luzerne
Direction Use GPS.
Interior
Heating Gas
Fireplace No
Building
Story 3
Structure Type Brick,T-111 Plywood
New Construction No
Schools
School District Wilkes-Barre
Others
Tax ID 73-H9SE2-009-008
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