Two Approved Redevelopment Opportunities | Carbondale, PA
Portfolio Price: $1,850,000
Exceptional opportunity to acquire two strategically located redevelopment properties in Carbondale, Pennsylvania, offering a combination of approved residential and mixed-use development potential with substantial pre-development work already completed.
108–116 Salem Avenue
Fully Approved Corner Redevelopment Site
Prominent redevelopment assemblage located at the intersection of Salem Avenue, Spring Street and Prince Street.
• Three contiguous parcels
• Approximately 43,000 SF site
• Approximately 32,272 SF existing building
• Approved for residential / mixed-use redevelopment
• 49 on-site parking spaces
• High-visibility corner with frontage on three streets
• Multiple access points
• Significant redevelopment flexibility
164 S. Main Street
Shovel-Ready Multifamily Redevelopment
Downtown Carbondale redevelopment project with residential zoning approved, architectural and MEP plans completed, and permits approved, substantially reducing entitlement and pre-development time.
• Approved multifamily redevelopment
• Approximately 17–24 residential units
• Architectural and MEP plans completed
• Building permits approved
• Utilities and infrastructure on site
• Prime Downtown Main Street location
• Suitable for market-rate or workforce housing
• Positioned for construction and execution
STRATEGIC NORTHEAST PENNSYLVANIA LOCATION
Carbondale is positioned within the broader Northeastern Pennsylvania growth corridor, benefiting from continued investment in logistics, distribution, manufacturing and infrastructure, together with major regional employers and expanding commercial development.
The portfolio offers investors the opportunity to acquire two redevelopment projects within one market, with zoning, planning, engineering and permitting work already substantially completed.
Portfolio Offering Price: $1,850,000