Mixed-Use Property with Commercial
For Sale
$1,900,000
1221 S Church St, Hazleton, PA 18201
Includes conference rooms, dining space, and a commercial kitchen.
Property Size17,780 SF
Lot Size1.97 Acres
Price / SF$106.86
Days on Market272
Property Features for 1221 S Church St
General Information
Standard status
Active
Size
17,780 SF
Lot size
1.97 Acres
Property subtype
Commercial
Amenities
conference rooms
commercial kitchen
dining area
breakfast area
Building Details
Tenancy
Multi
Listing Agency:
Century 21 Select Group
(570) 401-2372
Listed By:
Brian McCardle
Source:
Nepahousehunt
Added: Dec 1, 2025
Changed: Aug 29
Last Checked: Aug 29 at 11:42AM
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 Century 21 Select Group
Investment Insights
Based on property information with market context.
This 17,780-square-foot mixed-use property is being subdivided from the Red Carpet Inn and currently functions as the hotel’s lobby and front desk. The layout includes two large conference rooms, a commercial kitchen, a dining area, and a breakfast area. Two existing tenants occupy portions of the property: a transportation center and a small restaurant.
The property is located at 1221 S Church St in Hazleton, Pennsylvania. The subdivision is expected to comprise approximately 1.97 acres, subject to the applicable township approval process. The existing combination of meeting, food-service, and reception areas provides a varied commercial layout within the property.
The property is located at 1221 S Church St in Hazleton, Pennsylvania. The subdivision is expected to comprise approximately 1.97 acres, subject to the applicable township approval process. The existing combination of meeting, food-service, and reception areas provides a varied commercial layout within the property.
Key Highlights
- 17,780‑square‑foot mixed‑use property in the subdivision process from Red Carpet Inn
- Approximately 1.97 acres, subject to subdivision
- Two large conference rooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$98,124
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.16%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,962,480
$2.0M
Cap Rate 7%
$1,401,771
$1.4M
Cap Rate 9%
$1,090,267
$1.1M
Market Conditions
NOI Build-Up for 17,780 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$155.8K $8.76/SF
− Vacancy
−$15.6K −$0.88/SF
EGI
$140.2K $7.88/SF
− OpEx
−$42.1K −$2.37/SF
NOI
$98.1K $5.52/SF
Area
Luzerne County, PA
Vacancy
10.00%
Lease Rate
$8.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,962,480
Cap Rate 7%
$1,401,771
Cap Rate 9%
$1,090,267
Alternative Uses
Best Use
Specialty Retail
$2.74M
$2.40M – $3.19M
NOI $191,624 @ 7.0% cap · market cap 10.09%
Second Best
Mixed Use
$2.51M
$2.20M – $2.93M
NOI $176,022 @ 7.0% cap · market cap 9.26%
Theoretical Best
Office A
$5.63M
$4.93M – $6.57M
NOI $394,289 @ 7.0% cap · market cap 20.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
486
Businesses Nearby
Explore this area
Business Placement
Demographics for 18201, PA
31,310
Population
13,318
Households
2.4
Avg Household Size
37
Median Age
11%
College-Educated
76%
High-School Grad
17.5 sq mi
ZIP Area
1,789
Density / Sq Mi
$43,983
Median Household Income
$30,463
Median Earnings
$1,019
Median Rent
$131,900
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Includes conference rooms, dining space, and a commercial kitchen.
Where is this mixed-use property located?
The property is located at 1221 S Church St Hazleton, PA.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 17,780‑square‑foot mixed‑use property in the subdivision process from Red Carpet Inn; Approximately 1.97 acres, subject to subdivision; Two large conference rooms
