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$ 795,000
Est. payment /mo
New
116 Salem Ave Carbondale, PA 18407
52 Beds
30 Baths
31,500 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 31,500 sqft
Price per Sqft $25
MLS Listing ID 12023874
Style Low-rise
Bedrooms 52
Full Baths 30
Property Description
116 Salem Avenue, Carbondale, PA **Zoning-Approved Residential & Mixed-Use Redevelopment Opportunity** Exceptional opportunity to acquire a strategically located redevelopment property in downtown Carbondale, Pennsylvania, with existing approvals for residential and mixed-use development.With existing zoning approvals, substantial building square footage, and dedicated parking, 116 Salem Avenue offers investors and developers an opportunity to transform a former institutional property into a productive income-generating asset. Substantial On-Site Parking: Approximately 49 parking spaces provide valuable support for residential and commercial redevelopment. This prominent former school property occupies a high-visibility corner assemblage at the intersection of Salem Avenue, Spring Street, and Prince Street, offering substantial redevelopment flexibility. ### Property Highlights **Three contiguous parcels** **Approximately 43,000 SF site** **Approximately 32,272 SF existing building** **Approved for 26 residential units and mixed-use redevelopment** **49 on-site parking spaces** **Prominent corner location with frontage on three streets** Multiple access points Architectural plans available Excellent adaptive reuse potential for residential and commercial development **Offered at $795,000 Adaptive Reuse Potential: The former school configuration offers opportunities for residential conversion, common areas, storage and resident amenities. Regional Economic Growth: Located in Northeastern Pennsylvania, the property benefits from access to the greater Scranton/Wilkes-Barre region, major transportation corridors, employment centers and expanding regional investment. Contact **OB International Real Estate** to schedule a private tour or request the complete investment package. **Buyer Broker Commission: 3%**
Location
State PA
County Lackawanna County
Rooms
Dining Room 0
Kitchen 0
Exterior
Parking Features Attached
Garage Spaces 49.0
Building
Story 3
Sewer Municipal
Water Municipal
Structure Type Masonry - Brick