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Luzerne Special Purpose Redevelopment Opportunity
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59 Parry Street, Luzerne, PA 18709

20,000 SF property on 2.26 acres in Luzerne, PA.

Property Size20,000 SF
Days on Market276

Property Features for 59 Parry Street

General Information

Standard status Active
Size 20,000 SF
Class B
Property subtype Special Purpose

Building Details

Building Size 20,000 SF
Listing Agency:
Listed By: David Weaver, SIOR
Source: Naiglobal
Added: Nov 21, 2025 Changed: Aug 8 Last Checked: Aug 24 at 3:32AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of David Weaver, SIOR

Investment Insights

Based on property information with market context.

Located in Luzerne, PA, the Parry Street Development is a former Banquette Hall turned School situated at the corner of Parry, Kelly, and Main streets. The property is near the Luzerne Shopping Plaza, which features several national brand tenants, and a walkable Main Street with shops and restaurants. The Back Mountain Trail entrance is also nearby. The property offers 20,000 square feet on 2.26 fenced acres, presenting an opportunity for a special purpose or redevelopment investor. The location provides access to major highways via Route 309 (Cross Valley Expressway), connecting to the interchange for I-81, Route 315, and Route 115, leading to I-476 (PA Turnpike). The property includes three buildings, street pylon signage, and parking for 100 cars. It features a newer rolled rubber roof, 1000 amp electric service (3 phase, 120/208), and a private fenced play area. Two raised outside buildings are connected by a walkway.

Key Highlights

  • Prime re‑development opportunity in Luzerne, PA, suitable for special purposes.
  • Large 2.26 fenced acres with 20,000± SF across 3 buildings.
  • Excellent location near Luzerne Shopping Plaza and walkable Main St. with shops and restaurants.

Property Analytics

Current Use

Schools

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Skin Care Clinic HVAC Service Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

372
Businesses Nearby
60k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 36% Superstores 36% Shops & Services 15% Groceries 11%
McDonald's Dining
21,551 visits/mo 0.3 miles
Big Lots Superstores
21,404 visits/mo 0.3 miles
Family Dollar Shops & Services
7,235 visits/mo 0.2 miles
Fine Wine & Good Spirits Groceries
6,627 visits/mo 0.4 miles
Advance Auto Parts Shops & Services
1,746 visits/mo 0.3 miles

Demographics for 18709, PA

2,779
Population
1,648
Households
1.7
Avg Household Size
46
Median Age
14%
College-Educated
88%
High-School Grad
0.8 sq mi
ZIP Area
3,474
Density / Sq Mi
$38,547
Median Household Income
$34,959
Median Earnings
$780
Median Rent
$113,700
Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
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Frequently Asked Questions

What type of property is this?
School - 20,000 SF property on 2.26 acres in Luzerne, PA.
Where is this school located?
The property is located at 59 Parry Street Luzerne, PA.
What are key features of this property?
This property features: Prime re‑development opportunity in Luzerne, PA, suitable for special purposes.; Large 2.26 fenced acres with 20,000± SF across 3 buildings.; Excellent location near Luzerne Shopping Plaza and walkable Main St. with shops and restaurants.
More about this property
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