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    716 Centre St Freeland, PA 18224

    For Sale
    $70,000

    Prime Location, Needs Renovation, High Potential

    Property size:
    3,300 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This remarkable 3,300 square foot building, located at 716 Centre Street in Freeland, Pennsylvania, presents a unique investment opportunity. Originally constructed in 1895 as a bank, it later served as the Freeland Elks Club, establishing its presence as a local landmark. Currently vacant and in need of substantial rehabilitation, this property offers immense potential for a variety of uses. Its size and prominent location make it suitable for conversion into a commercial business, a single-family residence, or a multi-family dwelling. The building has been unoccupied for an extended period, resulting in a need for extensive renovations throughout. Buyers should be aware that the property requires significant investment in repairs and upgrades. Given its historical significance and prime location in Freeland, PA, this property represents a rare chance to acquire a piece of local history and transform it into a thriving asset. Prospective buyers are strongly advised to schedule a viewing only after signing a Hold Harmless Agreement, as the building is currently unsafe for entry without proper precautions. The asking price is $70,000. The lot size is zero acres. This is a general commercial property.

    Property Features for 716 Centre St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    3,300 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Freeland
    County
    Luzerne
    State
    Pennsylvania
    Longitude
    -75.89773
    Latitude
    41.01884

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    Nearby Similar for Sale

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      Freeland Multifamily Property For Sale

      Multifamily property featuring a remodeled unit and remodel-ready unit.
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      Freeland Retail Property For Sale

      Retail property available for purchase in Freeland, Pennsylvania.
      547 South St, Freeland, PA 18224
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      Drifton Sports Complex: Freeland, PA

      Prime Sports Complex, 20 Acres, PA
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      View Details
    • $350,000
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      Freeland Pizzeria & Living Quarters

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      Confidential, Freeland, PA 18224
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Prime Location, Needs Renovation, High Potential
    Where is this commercial real estate located?
    The property is located at 716 Centre St Freeland, PA.
    What is the asking price?
    The asking price for this property is $70,000.
    (570) 474-9801
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    716 Centre St Freeland, PA 18224
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    Freeland, PA 18224
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    716 Centre St Freeland, PA 18224
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