219-223 S Main St,WILKES BARRE, PA 18702
WILKES BARRE, PA 18702
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.
Details
| MLS # | PALU2002312 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1956 |
| Days On Site | 61 |
| Listing Provided By | RE/MAX Preferred - Cherry Hill | Alexander Schwartz |
Features
| Zoning | COMMERCIAL |
|---|---|
| Acreage | 0.31 |
Interior
| Cooling | Central A/C |
|---|---|
| Heating Yes / No | Yes |
| Heating | Forced Air |
Exterior
| Construction Materials | Brick |
|---|
Parking
| Garage Yes / No | No |
|---|
Utilities
| Sewer | Public Sewer |
|---|
Taxes
| Tax Year | 2024 |
|---|---|
| Tax Annual Amount | 6931 |
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Learn More About This Property
| State | PA |
|---|---|
| County | LUZERNE PA |
| City | WILKES BARRE |
| Zip Code | 18702 |
| Area | Wilkes Barre City (13773) |
| School District | WILKES-BARRE AREA |
| Listing VS Median (in 18702) | |
Price: $925,000 low | high Med: $1,195 On site: 61 low | high Med: 5.000000 | |
