Average square foot calculated using Size range provided by listing agent.
Description
For Sale is a 20, 000 sq ft commercial mixed-use building in the heart of Wilkes Barre, seconds away from Wilkes University and a few blocks from Kings College. The property's present use is a vacant turn-key 12, 000 sq ft bar/restaurant fully loaded with multiple bars and kitchens, 100k sound and lighting system, massive LED screen, furniture, commercial refrigerators, etc. Upstairs are two 3 bed/1 bath 2000 sq ft apartments in excellent condition. The 4k sq ft partially finished basement is perfect for storage needs. The property has a sprinkler system and central air/heat. Very versatile building in an ideal location with two of the region's major colleges within a quarter mile. Best uses would be to continue bar/restaurant or other retail operations on first floor or also can be split into multiple commercial units with apartments upstairs, or a total conversion to residential to accommodate student housing. Additional floors can be added to the property, so the sky is the limit (literally). This is a great opportunity for a savvy investor/developer to capitalize on the area's student housing needs or for a bar/restaurant to take their business to the next level with income potential from the upstairs residential units, however many you choose to have. Owner financing is a possibility for qualified buyers.Show Description
MLS® NumberPALU2002312
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1956
Stories
Pets
Corp Number
Included in Maintenance Fee
Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance
Utilities
HeatForced Air, Natural Gas
A/CCentral A/C, Electric
Heating Fuel
Extras
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