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Wilkes Barre,PA 18702
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 20,000 sqft
Price per Sqft $46
MLS Listing ID PALU2002312
Year Built 1956
Annual Tax Amount $6,931
Tax Year 2024
Lot Size 0.310 Acres
Acres 0.31
Property Sub-Type Mixed Use
Source BRIGHT
Property Description
For Sale is a 20,000 sq ft commercial mixed-use building in the heart of Wilkes Barre, seconds away from Wilkes University and a few blocks from Kings College. The property's present use is a vacant turn-key 12,000 sq ft bar/restaurant fully loaded with multiple bars and kitchens, 100k sound and lighting system, massive LED screen, furniture, commercial refrigerators, etc. Inventory is in process of being sold and will be sold empty, for which there can be three commercial units on the ground floor. Upstairs are two 3 bed/1 bath 2000 sq ft apartments in excellent condition. The 4k sq ft partially finished basement is perfect for storage needs. The property has a sprinkler system and central air/heat. Very versatile building in an ideal location with two of the region's major colleges within a quarter mile. Best uses would be to continue bar/restaurant or other retail operations on first floor with apartments upstairs, conversion to 3 ground level commercial units with residential upstairs, or a total conversion to residential to accommodate student housing. Additional floors can be added to the property, so the sky is the limit (literally). This is a great opportunity for a savvy investor/developer to capitalize on the area's student housing and commercial storefront needs or for a bar/restaurant to take their business to the next level with income potential from the upstairs residential units, however many you choose to have. Owner financing is a possibility for qualified buyers.
Owner financing is a possibility for qualified buyers.
Location
State PA
County Luzerne
Area Wilkes Barre City (13773)
Zoning COMMERCIAL
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Heat Source Natural Gas
Exterior
Garage Spaces 12.0
Water Access N
Accessibility None
Total Parking Spaces 12
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Wilkes-Barre Area
Others
Tax ID NO TAX RECORD
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard