Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    216 Lackawanna Ave Olyphant, PA 18447

    Sponsored
    For Sale
    $1,500,000

    Profitable Multi-Use Property, Downtown Olyphant

    Property size:
    18,725 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional mixed-use property in Olyphant, PA, presents a unique investment opportunity. Located in the heart of downtown, this offering encompasses two buildings totaling 18,725 square feet on a 0.68-acre lot. The property includes a thriving commercial banquet facility with seating for 275 guests, a retail storefront, a deli, and six income-generating apartments. The banquet hall boasts a newly installed roof (February 2024) and the property features a paved parking lot with capacity for 50+ vehicles. The sale includes the established businesses, all equipment, furniture, the land itself, and a valuable liquor license. Ceiling heights range from 13 to 16 feet, and there are no overhead doors. This turnkey operation offers immediate income potential and significant upside. Note that all measurements are approximate and not warranted, and flood insurance is required. This is a rare chance to acquire a well-established and profitable multi-use property in a desirable location. The property's diverse income streams and established clientele provide a strong foundation for continued success. The inclusion of the liquor license adds significant value to this already impressive offering. Don't miss this opportunity to own a piece of Olyphant's vibrant downtown.

    Property Features for 216 Lackawanna Ave

    General Information

    Property type
    Mixed-use properties
    Square Feet
    18,725 SF
    Lot Size
    29,621 SF

    Building Details

    Year Built
    1950
    Property Profile Location Intelligence

    Current Use by Public Records

    Ethan’s Eats Family Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Olyphant
    County
    Lackawanna
    State
    Pennsylvania
    Longitude
    -75.60455
    Latitude
    41.46972

    Nearby Comparable

    • $1,500,000
      0.68 Acres

      Olyphant Commercial Property Investment

      Mixed-use, established business, high potential.
      216 Lackawanna Ave, Olyphant, PA 18447
      View Details
    • $160,000
      3,850 SF

      Olyphant Commercial Building For Sale

      Commercial building in the heart of Olyphant, Pennsylvania.
      305 Grant St, Olyphant, PA 18447
      View Details
    • Contact for pricing

      Land For Sale Olyphant

      Land available for sale in Olyphant, Pennsylvania.
      26 Rd Sam's, Olyphant, PA
      View Details
    • $439,000
      5,414 SF

      Historic Blakely Office Building

      Victorian Gem, Updated & Leased
      1813 Main St, Blakely, PA 18447
      View Details
    • $389,900
      4,000 SF

      Blakely Retail/Office Investment

      High-visibility, renovated multi-unit building.
      Main St, Blakely, PA 18447
      View Details
    • $675,000
      4,600 SF

      Retail Space on Main Street

      4,600 SF retail space with high traffic exposure.
      1500 Main St, Dickson Cty, PA 18447
      View Details
    • Contact for pricing
      1,000 SF

      520 Burke Byp, Olyphant, PA 18447

      Commercial real estate • 1,000 SF
      520 Burke Byp, Olyphant, PA 18447
      View Details
    • New
      $259,000
      1,400 SF

      Turnkey Duplex in Blakely

      Well-maintained duplex with immediate income potential in Blakely, PA.
      911 Lincoln Ave, Blakely, PA 18447
      View Details
    • $515,000
      4,300 SF

      Olyphant Industrial Building - For Sale

      Spacious Industrial Building, Turn-Key Business
      592 Burke Byp, Olyphant, PA 18447
      View Details
    • $450,000
      5,760 SF

      Peckville Warehouse: Prime Location

      Spacious warehouse, great expansion potential.
      1560 Main St, Peckville, PA 18452
      View Details
    • $350,000
      2,756 SF

      Scranton Multifamily Investment Opportunity

      Fully occupied three-unit building near amenities, ideal for investors.
      1055 Carmalt St, Scranton, PA 18519
      View Details

    Nearby Similar for Sale

    • $580,000
      Pending

      Scott Twp Office with Warehouse

      Office with high-ceiling warehouse and parking for 28 cars.
      301 Old Washington Pike, Scott Twp, PA 15106
      View Details
    • $160,000
      3,850 SF

      Olyphant Commercial Building For Sale

      Commercial building in the heart of Olyphant, Pennsylvania.
      305 Grant St, Olyphant, PA 18447
      View Details
    • $487,900
      3,700 SF

      Commercial Building in Scott Twp

      3700 sq ft commercial building with equipment included.
      27 Green Grove Rd, Scott Twp, PA 18447
      View Details
    • $675,000
      4,600 SF

      Retail Space on Main Street

      4,600 SF retail space with high traffic exposure.
      1500 Main St, Dickson Cty, PA 18447
      View Details
    • $515,000
      4,300 SF

      Olyphant Industrial Building - For Sale

      Spacious Industrial Building, Turn-Key Business
      592 Burke Byp, Olyphant, PA 18447
      View Details
    • Contact for pricing
      1,000 SF

      520 Burke Byp, Olyphant, PA 18447

      Commercial real estate • 1,000 SF
      520 Burke Byp, Olyphant, PA 18447
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Profitable Multi-Use Property, Downtown Olyphant
    Where is this mixed-use property located?
    The property is located at 216 Lackawanna Ave Olyphant, PA.
    What is the asking price?
    The asking price for this property is $1,500,000.
    (570) 344-6724
    Request Owner's contact information
    216 Lackawanna Ave Olyphant, PA 18447
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    216 Lackawanna Ave
    Olyphant, PA 18447
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    216 Lackawanna Ave Olyphant, PA 18447
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.