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Three-Story Mixed-Use Building
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16 E Union Street, Wilkes Barre, PA 18705

Approved plans support a 32-unit residential configuration with off-street parking.

Property Size48,383 SF
Price / SF$47.54
Days on Market41

Property Features for 16 E Union Street

General Information

Standard status Active
Size 48,383 SF
Total Parking Spaces 58
Property subtype Mixed Use

Additional Details

Multifamily Units 32

Building Details

Buildings 1
Stories 3
Listing Agency: Steel City Realty
Listed By: Jennifer DeJesus · License #PA RM423820
Source: Crexi
Added: Sep 15 Changed: Oct 23 Last Checked: Oct 24 at 5:58PM

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 Steel City Realty

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Investment Insights

Based on property information with market context.

The existing 3-story mixed-use building contains 48,383 SF and has been fully approved for a 32-unit residential configuration. The property is positioned for rehabilitation, with complete architectural plans, MEP drawings, and contractor construction bids available for review. The approval package supports the next permitting and construction steps.

Located at 16 E Union Street near King's College, the property includes 58 off-street parking spaces. Additional parking is secured at a nearby public lot, providing supplemental parking capacity for the planned residential use. The building is ready for permits and offers a documented path for redevelopment within an existing three-story structure.

Key Highlights

  • 48,383 SF, 3‑story mixed‑use building
  • Fully approved for 32 units
  • Complete architectural plans and MEP drawings included

Property Analytics

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Current Use

Mixed-use properties

Suggested Use

Top Pick Storage Facility (Bike/Boat/Book/etc) Store Electrical Service Furniture & Home Goods Garden Center Wine and Liquor Store

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

Lease Details

32
Residential units

Location Intelligence

Trade Area within ½ mile

131
Businesses Nearby

Demographics for 18705, PA

14,832
Population
7,268
Households
2
Avg Household Size
44
Median Age
23%
College-Educated
88%
High-School Grad
5.0 sq mi
ZIP Area
2,966
Density / Sq Mi
$61,293
Median Household Income
$35,965
Median Earnings
$1,006
Median Rent
$122,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Approved plans support a 32-unit residential configuration with off-street parking.
Where is this mixed-use property located?
The property is located at 16 E Union Street Wilkes Barre, PA.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: 48,383 SF, 3‑story mixed‑use building; Fully approved for 32 units; Complete architectural plans and MEP drawings included
(610) 217-6330 Call to check price and availability
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