31 Church StHazleton, PA 18201

  • Commercial real estate
  • 0.20 AC
For Sale
$1,200,000 View listing

Property Details for 31 Church St

Lot size
0.20 AC
Property type
Commercial real estate
APN
71-T8SW13-009-001
APU
71T8SW13009001

Description

This impressive all-brick commercial building, located at 31 N CHURCH Street in Hazleton, PA, offers a unique investment opportunity. Spanning approximately 30,820 square feet, the property boasts a rich history as a former school, retaining many of its original, charming architectural details. The interior features an abundance of historic touches and is highlighted by extensive glass accents, creating a bright and inviting atmosphere. The building's substantial size presents significant potential for adaptive reuse. Given Hazleton's current need for additional residential accommodations, this property is ideally suited for conversion into apartments or condominiums, addressing a critical housing shortage in the community. The asking price is $1,200,000. The property sits on a lot with zero acres. This presents a rare chance to acquire a large-scale commercial property with considerable redevelopment potential in a growing market. The building's character and size make it a standout opportunity for an investor seeking a high-impact project with the potential for substantial returns. The unique interior features and the city's housing needs combine to create a compelling investment proposition. Serious inquiries are encouraged.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,539,161
    Hospitality
    $1,409,863
    Educational
    $1,172,990
    Medical
    $1,213,331
    Retail
    $1,824,651

Location Insight

City
Hazleton
County
Luzerne
State
Pennsylvania
Latitude
40.9556
Longitude
-75.9763
CBSA code
42540
CBSA name
SCRANTON--WILKES-BARRE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$8,881
$17,600
$332,400
$350,000
-
$17,600
$332,400
$350,000

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