661 Church StHazleton, PA 18201

Property Details for 661 Church St

Lot size

0.92 AC

Property type

Hospitals

APN

71-T8NW42-007-001

APU

71T8NW42007001

Description

This exceptional 8 million dollar investment presents a rare chance to capitalize on the burgeoning senior housing market in Hazleton, Pennsylvania. Located at 661 N Church S Street, this general commercial property boasts pre-approved zoning for a 300-bed assisted living facility with mixed-use potential. The site has already undergone significant preparation, with interior demolition (to a "vanilla box" state) completed, leaving the project poised for immediate framing and construction. This significantly reduces upfront costs and accelerates the timeline to occupancy. The property's strategic location within a growing market ensures strong occupancy rates and a high return on investment. Furthermore, the development benefits from active support from the local government, including access to development grants and attractive tax incentives, further enhancing the financial viability of this project. This turnkey opportunity eliminates many of the hurdles associated with new construction, offering a streamlined path to a profitable and impactful senior care facility. The property is ready for a developer to bring their vision to life and contribute to the growing needs of the senior community in Hazleton. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $6,046,401

  6.5%

  $5,581,293

  7%

  $5,182,629

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,533,872

  Geo Method

  $6,021,630

• Alternative Use

  Use

  Valuation

  Residential

  $7,080,106

  Hospitality

  $6,485,339

  Educational

  $5,395,726

  Medical

  $5,581,293

  Retail

  $8,393,351

Location Insight

City

Hazleton

County

Luzerne

State

Pennsylvania

Latitude

40.9648

Longitude

-75.9752

CBSA code

42540

CBSA name

SCRANTON--WILKES-BARRE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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