6 Broad StWest Hazleton, PA 18202

Property Details for 6 Broad St

Lot size

0.14 AC

Property type

Investment properties

Property subtype

Live-work space

APN

63-T7SE2-025-002

APU

63T7SE2025002

Description

This exceptional West Hazleton, PA commercial property at 6 W Broad Street offers a unique investment opportunity. Boasting 12,000 square feet on a sizable lot, this property features a diverse mix of income-generating spaces. Three professional office suites, two commercial retail units, and three apartments provide a robust rental portfolio. Adding to its versatility is an oversized two-bay garage, a storage unit, and a flexible space suitable for either commercial or residential use. The property also includes a large parking lot with 36 spaces available for lease, enhancing its appeal to tenants. Currently, 11 units are operational, with six already generating rental income. Recent improvements include a new roof on the rear of the building and numerous upgrades throughout. The property's prime location on Rt 93 South, just past 5th Street in West Hazleton, ensures high visibility and accessibility. This turnkey operation presents a compelling opportunity for investors seeking a diversified and established income stream in a thriving Pennsylvania market. The asking price is $749,000. This property is zoned for commercial use and is located in Luzerne County, PA, zip code 18202.

• CAP approach

  CAP return

  Valuation

  6%

  $941,226

  6.5%

  $868,824

  7%

  $806,765

• Comparable approach

  Method

  Valuation

  Relative Method

  $467,592

  Geo Method

  $796,765

• Alternative Use

  Use

  Valuation

  Residential

  $1,077,342

  Hospitality

  $986,840

  Educational

  $821,039

  Medical

  $849,276

  Retail

  $1,277,172

Location Insight

City

West Hazleton

County

Luzerne

State

Pennsylvania

Latitude

40.9583

Longitude

-75.9936

CBSA code

42540

CBSA name

SCRANTON--WILKES-BARRE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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