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    59 Parry St Wilkes-Barre, PA 18709

    Sponsored
    For Sale
    Contact for pricing

    20,000 SF, 3 Buildings, 2.26 Acres

    Property size:
    20,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional mixed-use property in Luzerne, Pennsylvania presents a unique redevelopment opportunity. The 20,000 square foot site encompasses three buildings situated on a 2.26-acre fenced lot. Previously a banquet hall and school, the property boasts a prime location at the corner of Parry, Kelly, and Main Streets, offering excellent visibility and accessibility. Conveniently located near the Luzerne Shopping Plaza and the Back Mountain Trail, this location provides both commercial and recreational advantages. The property features ample parking for approximately 100 cars, a newer rolled rubber roof, and robust electrical service (1000 amp, 3-phase, 120/208). Additional features include a private fenced play area and two connected raised outdoor buildings. The property's strategic location provides easy access to major highways including Route 309, I-81, Route 315, Route 115, and I-476 (PA Turnpike), enhancing its commercial viability. The property also includes one loading dock and is identified by APN 41-F9SE4-014-011. This is an ideal investment for a special purpose or redevelopment project seeking high visibility and convenient access to major transportation routes. The property's size and location offer significant potential for a variety of uses.

    Property Features for 59 Parry St

    General Information

    Property type
    Specialty properties
    Square Feet
    20,000 SF
    Lot Size
    98,446 SF

    Building Details

    Buildings
    3

    HighLights

    • 20,000± SF across three buildings.
    • 2.26 acres of fenced land.
    • Street pylon signage.
    • 100‑car parking lot.
    • Newer rolled rubber roof.
    • 1000‑amp, 3‑phase, 120/208‑volt electrical service.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Wilkes-Barre
    County
    Luzerne
    State
    Pennsylvania
    Longitude
    -75.898586
    Latitude
    41.28493123

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    FAQs

    What type of property is this?
    Specialty property - 20,000 SF, 3 Buildings, 2.26 Acres
    Where is this specialty property located?
    The property is located at 59 Parry St Wilkes-Barre, PA.
    What are key features of this property?
    This property features: 20,000± SF across three buildings.; 2.26 acres of fenced land.; Street pylon signage.
    Request Owner's contact information
    59 Parry St Wilkes-Barre, PA 18709
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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
    59 Parry St Wilkes-Barre, PA 18709
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