396 Washington StNanticoke, PA 18634

Property Details for 396 Washington St

Lot size

0.08 AC

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

42-J7SE1-008-028

APU

42J7SE1008028

Description

This exceptional commercial property, located at 396 E. Washington St. in Nanticoke, Pennsylvania, presents a unique investment opportunity. Priced at $265,000, this 3,600 square foot property sits on a 0.082-acre lot and is zoned for residential use. Previously operating as a tavern/restaurant, the building offers significant potential for redevelopment. The existing structure features two floors, providing ample space for conversion into multiple residential units, creating a lucrative rental income stream. Alternatively, the property could be revitalized to resume its former function as a thriving hospitality business, capitalizing on its established location and history. The property's central Nanticoke location offers easy access to local amenities and a strong customer base. The buyer is responsible for verifying the final intended use with the city of Nanticoke. This versatile property is ideal for an owner/user seeking a profitable venture or an investor looking for a high-return opportunity. The price per square foot is $73.61. The property's zip code is 18634, and it is situated in Luzerne County. Don't miss this chance to acquire a prime piece of Nanticoke real estate with immense potential.

• CAP approach

  CAP return

  Valuation

  6%

  $537,910

  6.5%

  $496,532

  7%

  $461,066

• Comparable approach

  Method

  Valuation

  Relative Method

  $267,228

  Geo Method

  $455,350

• Alternative Use

  Use

  Valuation

  Residential

  $615,700

  Hospitality

  $563,978

  Educational

  $469,223

  Medical

  $485,360

  Retail

  $729,902

Location Insight

City

Nanticoke

County

Luzerne

State

Pennsylvania

Latitude

41.1995

Longitude

-75.9921

CBSA code

42540

CBSA name

SCRANTON--WILKES-BARRE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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