661-699 N Church Street, Hazleton, PA 18201

13 Photos
 
$8,000,000
Active for Sale
 
Listing ID 11390586
Property Type Commercial Building
County Luzerne
FEMA Flood Map fema.gov/portal
Year Built 1928
   
Virtual Tour
185,000 SF. This is a unique real estate redevelopment opportunity to invest in an attractive income-producing property in the growing senior housing industry in a strategic location. The Site is approved zoning for 300 beds assisted living Mixed-use. Interior demolition (vanilla box) was completed, and the project is ready for framing. The local government is assisting with development grants, which will offset the cost of construction by 4-7 million. Up to 10 years of potential tax incentives in additional government support is expected. The synergy of distressed real estate, government incentives and community support create an opportunity for exceptional growth, and profitability. The site is approved zoning for 300 beds assisted living and other uses on various floors such as medical services. zoning approved commercial space on the ground floor with Assisted living apartments above. Including a daycare, convenience store, beauty salon, bagel shop, gym, and professional offices which will create a place for the users of the building and surrounding neighborhood to visit. St. Joseph's hospital offers 5 parcels and contains a total of approximately 185,000 SF. Additionally, the Property offers excess parking over several surface lots. Building is six-stories. Conversion provides an opportunity to enter the growing market in Hazleton, Pennsylvania. Located at the top of Church Street, it is a landmark structure seen from all points of the city. Hazleton is nestled in the scenic Pocono Mountain area of Northeastern, Pennsylvania. Mother Nature puts a show on every season with over 2,400 square miles of mountains, lakes, rivers, waterfalls and two National Parks. The community is easily accessible from the Pennsylvania, New Jersey and New York areas. The structure is seen from all points of the city in the Pocono Mountain area at the highest point of the city. Easy accessible to New York, New Jersey and Philadelphia intersection of the major highways 80-81.
Property Details
  • 65535 SF
  • Built in 1928
  • Renovated 2024
  • 6 Stories
  • Available 12/07/2024
  • Renovation: Interior demolition (vanilla box) was completed, and the project is ready for framing.
Exterior Features
  • Attached Garage
  • Municipal Water
  • Municipal Sewer
  • Near Bus
Commercial Info
  • OB International Real Estate (Business Name)
  • Uses: Assisted Living Mixed-use
  • 200 Parking Spaces
Listed By
OB INTERNATIONAL REAL ESTATE and OB & WISE PROPERTY MANAGEMENT
Office: 570-812-1772
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