116 Salem Ave - Apartments FOR SALE


Carbondale, PA 18407
$1,250,000 USD
917-684-9029
116 Salem Ave, Carbondale, PA for Sale
$1,250,000 USD
Apartments - FOR SALE
1/9
null | Request Cap Rate

116 Salem Ave
Carbondale, PA 18407


OVERVIEW

The Site is approved zoning for multi-family mixed-use. A unique real estate redevelopment opportunity to invest in an attractive income-producing property in the growing housing industry in a strategic location. This offering includes 3 parcels of 43,000 Sf and contains a total building size of approximately 35,550 SF. Property offers excess of 49 adjunct parking. First floor retail options: daycare, laundromat. The local government is assisting with development grants &tax incentive

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$29 USD /SF

# OF UNITS

26

PRICE/UNIT

$48,077

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

Multi Unit Residential

APN/PARCEL ID

05505030021

ASK ABOUT THIS PROPERTY

Ofra BeigelOB International Real EstateMore Info
917-684-9029

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Ofra BeigelOB International Real EstateMore Info
917-684-9029

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.