Susquehanna Collection FOR SALE


Pittston, PA
$2,995,000 USD
570-690-9687
, Pittston, PA for Sale
$2,995,000 USD
FOR SALE
1/26
null | 8.02% Cap Rate

Susquehanna Collection
Pittston, PA


HIGHLIGHTS

  • • 100% Occupancy: Fully leased portfolio with consistent income across all residential and commercial units, ensuring immediate cash flow and minimal
  • • Comprehensive 2023 Renovation: Complete gut renovations with new mechanicals, infrastructure, and modern interior finishes deliver institutional-qua
  • • Diverse Mixed-Use Composition: Thoughtfully balanced mix of 9 residential units and 7 commercial suites with a synergistic tenant roster of retail,
  • • Prime Downtown Pittston Location: Centrally located between Scranton and Wilkes-Barre, the property sits within a revitalized downtown corridor surr
  • • Attractive Financial Metrics: In-place NOI of ~$255K with an 8.5% capitalization rate on asking price—offering strong current yield with built-in up
  • • Architecturally Distinct Portfolio: Four stylishly restored buildings with historic charm and curb appeal, offering long-term tenant appeal and redu

OVERVIEW

Classic Properties is pleased to present The Susquehanna Collection, a fully renovated, high-performing mixed-use portfolio in the heart of Downtown Pittston, PA. Completed in 2023, the four architecturally distinctive buildings total 16 units (9 residential | 7 commercial) and are 100 % leased. Residential – Nine thoughtfully designed 1- and 2-bedroom apartments featuring modern finishes, new building systems, and open-concept layouts that resonate with today’s urban renter. Commercial – Seven street-level suites occupied by an eclectic roster of professional services, boutique retail, wellness, and lifestyle tenants—creating a synergistic, experience-driven streetscape. The Collection sits on North Main Street, benefitting from exceptional walkability between Scranton and Wilkes-Barre, revitalized streetscapes, abundant public art, and year-round events such as the Pittston Tomato Festival. Easy access to I-81, I-476, and robust public transit strengthens both resident and visitor demand. A comprehensive 2023 gut-to-studs renovation delivered brand-new mechanicals, infrastructure, and interiors, substantially reducing near-term CapEx. With an in-place NOI of ~$255K and an 8.51 % cap rate, the Susquehanna Collection offers immediate, durable income with long-term appreciation potential in one of Northeast Pennsylvania’s most promising urban corridors.

ASK ABOUT THIS PROPERTY

Charles KaskoClassic PropertiesMore Info
570-690-9687

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

Charles KaskoClassic PropertiesMore Info
570-690-9687

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