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    6 Broad St West Hazleton, PA 18202

    Sponsored
    For Sale
    $749,000

    High-Yield Multi-Use Investment

    Property size:
    12,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional West Hazleton, PA commercial property at 6 W Broad Street offers a unique investment opportunity. Boasting 12,000 square feet on a sizable lot, this property features a diverse mix of income-generating spaces. Three professional office suites, two commercial retail units, and three apartments provide a robust rental portfolio. Adding to its versatility is an oversized two-bay garage, a storage unit, and a flexible space suitable for either commercial or residential use. The property also includes a large parking lot with 36 spaces available for lease, enhancing its appeal to tenants. Currently, 11 units are operational, with six already generating rental income. Recent improvements include a new roof on the rear of the building and numerous upgrades throughout. The property's prime location on Rt 93 South, just past 5th Street in West Hazleton, ensures high visibility and accessibility. This turnkey operation presents a compelling opportunity for investors seeking a diversified and established income stream in a thriving Pennsylvania market. The asking price is $749,000. This property is zoned for commercial use and is located in Luzerne County, PA, zip code 18202.

    Property Features for 6 Broad St

    General Information

    Property type
    Land
    Square Feet
    12,000 SF

    HighLights

    • $749,000 asking price.
    • 12,000 square foot lot.
    • Special purpose commercial land in West Hazleton, PA.
    • Located at 6 W Broad Street, West Hazleton, PA 18202.
    • Eleven total units, six currently rented; includes three office spaces, two retail spaces, three apartments, a two‑bay garage, and a storage unit.
    • Features a large parking lot with 36 spaces.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    West Hazleton
    County
    Luzerne
    State
    Pennsylvania
    Longitude
    -75.9941412
    Latitude
    40.9586131

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    FAQs

    What type of property is this?
    Land - High-Yield Multi-Use Investment
    Where is this land located?
    The property is located at 6 Broad St West Hazleton, PA.
    What is the asking price?
    The asking price for this property is $749,000.
    What are key features of this property?
    This property features: $749,000 asking price.; 12,000 square foot lot.; Special purpose commercial land in West Hazleton, PA.
    Request Owner's contact information
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    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
    6 Broad St West Hazleton, PA 18202
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