164 S Main St - Apartments FOR SALE


Carbondale, PA 18407
$1,375,000 USD
917-684-9029
164 S Main St, Carbondale, PA for Sale
$1,375,000 USD
Apartments - FOR SALE
1/4
null | 17.82% Cap Rate

164 S Main St
Carbondale, PA 18407


OVERVIEW

Prime redevelopment opportunity in Carbondale’s downtown Main Street district. All schematic architectural plans are complete and permits are approved, allowing immediate start of construction. The project is designed and approved for 17–24 residential units (Group R-2 multifamily) with flexible layouts suitable for market-rate or workforce housing. Highlights: • Fully entitled and shovel-ready • Approved for 17–24 residential units • Schematic plans and architectural drawings completed • UCC / IBC-2018 compliant permits in hand • Ideal Main Street location near shops, employers, and public transportation • Utilities and infrastructure on site Perfect for: Developers, builders, or investors seeking a ready-to-build multifamily property with strong upside in a growing northeastern Pennsylvania market.

FOR SALE DETAILS

PRICE

$1,375,000 USD

PRICE/SF

$69 USD /SF

# OF UNITS

24

PRICE/UNIT

$57,292

CAP RATE

17.82%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1925

PARKING SPACES

100

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

Commercial

APN/PARCEL ID

05509010014

ASK ABOUT THIS PROPERTY

Ofra BeigelOB International Real EstateMore Info
917-684-9029

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Ofra BeigelOB International Real EstateMore Info
917-684-9029

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.