162 Union StWilkes-Barre, PA 18702

Property Details for 162 Union St

Lot size

0.58 AC

Property type

Retail properties

Property subtype

Bars

APN

50-G11S3-001-001

APU

50G11S3001001

Description

This exceptional commercial property, located at 162 Union St, Wilkes-Barre, PA 18702, presents a unique investment opportunity. Formerly Dan's Keystone Grill, this two-story restaurant building offers 2,862 square feet of space situated on a generous 2-acre lot. The asking price is $165,000, translating to $57.65 per square foot. The property boasts ample parking, accommodating up to 30 vehicles, and includes four bathrooms. An existing outdoor bar adds to the property's versatility and potential. The building is zoned for commercial use, providing flexibility for a variety of restaurant or retail concepts. Its prime location in Luzerne County offers excellent visibility and accessibility. The spacious layout and existing infrastructure provide a solid foundation for a new business venture. This is a rare chance to acquire a substantial property with significant potential for redevelopment and growth in a thriving Pennsylvania market. The property is currently vacant and ready for immediate occupancy, allowing for a swift transition to your vision. Don't miss this opportunity to transform this established location into your next successful enterprise.

• CAP approach

  CAP return

  Valuation

  6%

  $8,564,492

  6.5%

  $7,905,684

  7%

  $7,340,993

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,672,666

  Geo Method

  $8,318,834

• Alternative Use

  Use

  Valuation

  Residential

  $6,668,740

  Hospitality

  $6,108,530

  Educational

  $5,082,226

  Medical

  $5,257,012

  Retail

  $7,905,684

Location Insight

City

Plains

County

Luzerne

State

Pennsylvania

Latitude

41.2779

Longitude

-75.813

CBSA code

42540

CBSA name

SCRANTON--WILKES-BARRE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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