Wedding Venue With
For Sale
$1,450,000
216 Lackawanna Ave, Olyphant, PA 18447
Downtown event property combining banquet operations, retail frontage, a deli, and residential units in two buildings.
Property Size18,725 SF
Price / SF$77.44
Days on Market17
Property Features for 216 Lackawanna Ave
General Information
Standard status
Active
Size
18,725 SF
Additional Details
Business Included
Yes
Liquor License
Yes
Multifamily Units
6
Amenities
paved parking lot
Building Details
Year Built
1950
Buildings
2
Tenancy
Multi
Listing Agency:
C21 Jack Ruddy Real Estate
Listed By:
KIM K CAINES, Gale Lewis
Source:
Revolvepa
Added: Aug 15
Changed: Aug 30
Last Checked: Aug 30 at 7:52PM
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 C21 Jack Ruddy Real Estate
Investment Insights
Based on property information with market context.
This downtown Olyphant property comprises two buildings totaling 18,725 square feet and includes an established banquet facility, storefront space, deli operations, and six rented apartments. The event area accommodates 275 guests, while the property also includes furniture, equipment, the operating business, land, and a liquor license. Ceiling heights range from 13 to 16 feet, and there is no overhead door.
A paved parking lot provides space for 50+ vehicles. The roof over the banquet portion was replaced in 2/2024. Constructed in 1950, the property is located at 216 Lackawanna Ave, Olyphant, PA 18447. Flood insurance is required.
A paved parking lot provides space for 50+ vehicles. The roof over the banquet portion was replaced in 2/2024. Constructed in 1950, the property is located at 216 Lackawanna Ave, Olyphant, PA 18447. Flood insurance is required.
Key Highlights
- Wedding venue with seating for 275 people
- Two‑building property totaling 18,725 square feet
- Six rented apartments included
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
652
Businesses Nearby
Explore this area
Business Placement
Demographics for 18447, PA
10,362
Population
4,799
Households
2.2
Avg Household Size
45
Median Age
28%
College-Educated
96%
High-School Grad
19.9 sq mi
ZIP Area
521
Density / Sq Mi
$64,276
Median Household Income
$42,470
Median Earnings
$971
Median Rent
$194,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Wedding venue - Downtown event property combining banquet operations, retail frontage, a deli, and residential units in two buildings.
Where is this wedding venue located?
The property is located at 216 Lackawanna Ave Olyphant, PA.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Wedding venue with seating for 275 people; Two‑building property totaling 18,725 square feet; Six rented apartments included
