2456 Sans Souci PkwyWilkes-Barre, PA 18706

  • Mixed-use properties
  • 4.88 AC
For Lease

Property Details for 2456 Sans Souci Pkwy

Lot size
4.88 AC
Property type
Mixed-use properties
Property subtype
Other investment properties
APN
25-J8S4-002-11A
APU
25J8S400211A

Description

2456 Sans Souci Parkway presents a compelling retail investment opportunity in Wilkes-Barre, PA. This 37,520 square foot anchored shopping center offers multiple tenancy options, with three spaces currently available, ranging from 1,200 to 1,600 square feet. The property boasts a highly visible location, strategically situated near the Route 29 on/off ramp, providing convenient access to Route 11 and Interstate 81. Ample parking ensures customer convenience, while excellent signage opportunities maximize visibility and brand exposure. The center benefits from its proximity to a strong concentration of national retailers, including Goodwill, Weis Markets, Burger King, CVS, and Rite Aid, creating a vibrant and established retail environment. Furthermore, its location near the area's industrial hub provides access to a substantial workforce. This is an exceptional chance for retailers seeking to establish or expand their presence in a thriving Wilkes-Barre neighborhood, alongside an existing Tractor Supply store. A total of 2,400 square feet is currently vacant, offering immediate occupancy potential. The minimum divisible space is 1,200 square feet, making it suitable for a variety of retail concepts. Located in Luzerne County, this property offers a unique blend of accessibility, visibility, and established market presence.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $32,810,642
    6.5%
    $30,286,746
    7%
    $28,123,408
  • Comparable approach

    Method
    Valuation
    Relative Method
    $16,299,998
    Geo Method
    $27,774,788
  • Alternative Use

    Use
    Valuation
    Residential
    $37,555,568
    Hospitality
    $34,400,696
    Educational
    $28,620,976
    Medical
    $29,605,296
    Retail
    $44,521,520
2456 Sans Souci Pkwy, Wilkes-Barre, Pennsylvania

Location Insight

City
Hanover Township
County
Luzerne
State
Pennsylvania
Latitude
41.2083
Longitude
-75.9762
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
$40,423
$226,900
$1,092,900
$1,319,800
-
$226,900
$1,092,900
$1,319,800

FAQs

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