129 Pike StCarbondale, PA 18407

Property Details for 129 Pike St

Lot size

0.26 AC

Property type

Investment properties

Property subtype

Live-work space

APN

5412010011

APU

5412010011

Description

This thriving 3,040 square foot tavern, located at 129 Pike Street in Carbondale, Pennsylvania, presents a unique investment opportunity. The property sits on a 0.3-acre lot and is being offered at $275,000. The sale includes all furniture, fixtures, and equipment currently in use, ensuring a seamless transition for the new owner. A significant advantage of this offering is the inclusion of a Pennsylvania liquor license, a valuable asset that significantly streamlines the operational setup for a business of this nature. The existing tavern is operational, providing immediate revenue potential and a proven track record. The substantial square footage allows for ample space to accommodate patrons and staff comfortably. The 0.3-acre lot offers potential for future expansion or outdoor seating, depending on local zoning regulations. This turnkey operation is ideal for an experienced restaurateur or a savvy investor looking to enter the hospitality industry. The property's location in Carbondale provides access to a local customer base and offers potential for growth and expansion. Serious inquiries are encouraged to explore this exceptional opportunity further. Financial statements and further details are available upon request. This is a rare chance to acquire a fully operational business with a valuable liquor license already in place.

• CAP approach

  CAP return

  Valuation

  6%

  $2,801,630

  6.5%

  $2,586,120

  7%

  $2,401,397

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,483,488

  Geo Method

  $1,473,584

• Alternative Use

  Use

  Valuation

  Residential

  $3,206,789

  Hospitality

  $2,937,401

  Educational

  $2,443,884

  Medical

  $2,527,932

  Retail

  $3,801,596

Location Insight

City

Carbondale

County

Lackawanna

State

Pennsylvania

Latitude

41.5671

Longitude

-75.5096

CBSA code

42540

CBSA name

SCRANTON--WILKES-BARRE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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