219-223 S Main St - Restaurant FOR SALE


Wilkes Barre, PA 18701
$925,000 USD
570-351-5242
219-223 S Main St, Wilkes Barre, PA for Sale
$925,000 USD
Restaurant - FOR SALE
1/30
null | Request Cap Rate

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219-223 S Main St
Wilkes Barre, PA 18701


OVERVIEW

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. 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, 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 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.

FOR SALE DETAILS

PRICE

$925,000 USD

PRICE/SF

$46 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1956

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,504 SF

ZONING

Commercial

APN/PARCEL ID

73-H9SE3-018-030-000

ASK ABOUT THIS PROPERTY

Alexander SchwartzRE/MAX of Cherry HillMore Info
570-351-5242

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Alexander SchwartzRE/MAX of Cherry HillMore Info
570-351-5242

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