526 Main StWilkes-Barre, PA 18701

  • Other commercial real estate
  • 0.41 AC
For Sale
$495,000 View listing

Property Details for 526 Main St

Lot size
0.41 AC
Property type
Other commercial real estate
APN
73-I9NE1-006-009
APU
73I9NE1006009

Description

This exceptional Wilkes-Barre commercial property, located at 526 S Main St, offers 26,548 square feet of versatile space in a C-4 zoned area. The two-story building sits on a 0.41-acre lot and includes five parking spaces. Currently configured as a multi-tenant property, it features an established restaurant and retail store tenant. The primary space, currently occupied by the owner, is ideal for an owner-user. This area boasts a showroom, office space, a workspace, and a large, open second-floor warehouse with ceilings reaching up to 18 feet. A 9' x 15' ground-level drive-in door provides convenient access. The owner uses this space as a furniture upholstery manufacturing company. The second floor presents a potential opportunity for residential conversion, subject to zoning approval. This property presents a unique blend of existing income and significant owner-user potential, making it an attractive investment opportunity in a thriving Wilkes-Barre location. The APN is I9NE1006009-73. The asking price is $495,000.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $3,155,351
    Hospitality
    $2,890,284
    Educational
    $2,404,683
    Medical
    $2,487,384
    Retail
    $3,740,618
526 Main St, Wilkes-Barre, Pennsylvania

Location Insight

City
Wilkes Barre
County
Luzerne
State
Pennsylvania
Latitude
41.2366
Longitude
-75.8978
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
$7,459
$41,000
$259,900
$300,900
-
$41,000
$259,900
$300,900

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