Mixed-Use Property with Banquet
For Sale
$1,450,000
216 Lackawanna Avenue, Olyphant, PA 18447
Commercial Sale, Olyphant, PA
Property Size18,725 SF
Lot Size0.68 Acres
Price / SF$77.44
Days on Market1048
Property Features for 216 Lackawanna Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C2
Zoning description
Commercial
Rooms
Basement
Parking
50
Basement
Unfinished
Elementary school district
Mid Valley
Middle school district
Mid Valley
High school district
Mid Valley
Directions
Coming from Dickson City at the Anchor in Blakely turn right on Lackawanna Ave,Property is on the left.
Standard status
Active
APN
11410010032
Size
18,725 SF
Lot size
0.68 Acres
Taxes and HOA fees
Tax Year
2023
Tax Annual Amount
13352
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1950
Floors in Building
2
Number of units
6
Building materials
Brick
Listing Agency:
C21 Jack Ruddy Real Estate · Century 21 Real Estate
(570) 344-6724
Listed By:
KIM K CAINES · License #RS286709
(570) 878-0622
Added: Nov 11, 2023
Changed: Aug 19
Last Checked: Sep 24 at 9:06AM
MLS# 234956
Copyright © 2026 Greater Scranton Board of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 18,725-square-foot mixed-use property includes two buildings on 0.68 acres in downtown Olyphant. The improvements accommodate a banquet facility with seating for 275 people, a storefront, a deli, and six rented apartments. The sale includes the operating business, equipment, furniture, land, and liquor license. A new roof was installed over the banquet portion in 2/2024.
The property has a paved parking area for 50+ cars and is zoned C2. Building details include brick construction, 13' to 16' ceiling height, central air, and natural gas heat. Public water and public sewer serve the property. Flood insurance is required, and there is no overhead door.
The property has a paved parking area for 50+ cars and is zoned C2. Building details include brick construction, 13' to 16' ceiling height, central air, and natural gas heat. Public water and public sewer serve the property. Flood insurance is required, and there is no overhead door.
Key Highlights
- 18,725 square feet on 0.68 acres with two buildings
- Banquet facility seats 275 people
- Six rented apartments plus storefront and deli space
Property Analytics
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Current Use
Lease Details
6
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
652
Businesses Nearby
Explore this area
Business Placement
Demographics for 18447, PA
10,362
Population
4,799
Households
2.2
Avg Household Size
45
Median Age
28%
College-Educated
96%
High-School Grad
19.9 sq mi
ZIP Area
521
Density / Sq Mi
$64,276
Median Household Income
$42,470
Median Earnings
$971
Median Rent
$194,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-building commercial property combines event, retail, food-service, and apartment uses.
Where is this mixed-use property located?
The property is located at 216 Lackawanna Avenue Olyphant, PA.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: 18,725 square feet on 0.68 acres with two buildings; Banquet facility seats 275 people; Six rented apartments plus storefront and deli space
