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    Property profile & analytics

    216 Lackawanna Ave Olyphant, PA 18447

    • Commercial real estate
    • 18,725 SF
    • 0.68 lot acres
    For Sale
    View listing
    $1,500,000
    Value Estimation
    Location Intelligence
    Property ID
    US73-2003195
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Ethan’s Eats / Family Restaurant

    Property Details for 216 Lackawanna Ave

    Lot size
    0.68 lot acres
    Property size
    18,725 SF
    Property type
    Commercial real estate

    Description

    This exceptional commercial property in Olyphant, Pennsylvania, presents a unique investment opportunity. Located at 216 Lackawanna Avenue, this 0.68-acre lot encompasses two buildings totaling 18,725 square feet. The property includes a thriving banquet facility with seating for 275 guests, a storefront, a deli, and six income-generating apartments. The sale includes the established businesses, all equipment, furniture, and a liquor license. A significant advantage is the large paved parking lot accommodating 50+ vehicles. The banquet building boasts a newly installed roof (February 2024). Ceiling heights range from 13 to 16 feet, and there are no overhead doors. The property's prime downtown Olyphant location ensures high visibility and accessibility. Note that all measurements are approximate and not warranted. Flood insurance is required. This turnkey operation offers immediate income and significant growth potential. The asking price is $1,500,000.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Olyphant
    County
    Lackawanna
    State
    Pennsylvania
    Longitude
    -75.6045633
    Latitude
    41.4697468

    Comparable in this City

    • $525,000
      101.00 Acres

      Prime Land in Throop, PA

      Over 100 acres suitable for development or commercial use.
      Along Lacka Riv, Throop, PA 18447
      View Details
    • $50,000
      0.37 Acres

      Blakely Borough Partially Cleared Lot

      Partially cleared 0.37 acre lot in Blakely Borough.
      1008 Lucas Dr, Blakely, PA 18447
      View Details
    • $38,500
      0.17 Acres

      Dickson City Land For Sale

      Cleared land in Dickson City, ready to build.
      98 Roberts Dr, Olyphant, PA 18447
      View Details
    • $1,000,000
      30.47 Acres

      30.47 Acres of Land For Sale

      30.47 acres of land with road frontage in Scott Twp.
      Justus Blvd, Scott Twp, PA 18447
      View Details
    • Contact for pricing
      0.26 Acres

      Land in Throop, Pennsylvania

      Buildable lot with utilities in Throop, PA.
      1000 S Valley Ave, Olyphant, PA 18447
      View Details
    • $389,900
      4,000 SF

      Blakely Retail/Office Investment

      High-visibility, renovated multi-unit building.
      Main St, Blakely, PA 18447
      View Details

    Similar Nearby for Sale

    • $525,000
      101.00 Acres

      Prime Land in Throop, PA

      Over 100 acres suitable for development or commercial use.
      Along Lacka Riv, Throop, PA 18447
      View Details
    • $50,000
      0.37 Acres

      Blakely Borough Partially Cleared Lot

      Partially cleared 0.37 acre lot in Blakely Borough.
      1008 Lucas Dr, Blakely, PA 18447
      View Details
    • $1,000,000
      30.47 Acres

      30.47 Acres of Land For Sale

      30.47 acres of land with road frontage in Scott Twp.
      Justus Blvd, Scott Twp, PA 18447
      View Details
    • Contact for pricing
      0.26 Acres

      Land in Throop, Pennsylvania

      Buildable lot with utilities in Throop, PA.
      1000 S Valley Ave, Olyphant, PA 18447
      View Details
    • $38,500
      0.17 Acres

      Dickson City Land For Sale

      Cleared land in Dickson City, ready to build.
      98 Roberts Dr, Olyphant, PA 18447
      View Details
    • $389,900
      4,000 SF

      Blakely Retail/Office Investment

      High-visibility, renovated multi-unit building.
      Main St, Blakely, PA 18447
      View Details

    Similar Nearby for Lease

    • $1,100 /Mo
      1,152 SF

      Olyphant Commercial Space For Rent

      Level, bright, and open commercial space suitable for various uses.
      594 B Burke-By-Pass, Olyphant, PA 18447
      View Details
    • Contact for pricing
      2,031 SF

      Retail Space at Shoppes Montage

      Retail space available in a shopping center off I-81.
      7011-7041 Shoppes Blvd, Moosic, PA 18447
      View Details
    • Contact for pricing
      2,900 SF

      Retail Space at Shoppes Montage

      Retail space available in a shopping center setting.
      2011-2571 Shoppes Blvd, Moosic, PA 18447
      View Details
    • Contact for pricing
      36,747 SF

      Retail Space at Shoppes Montage

      Retail and dining options in Northeast Pennsylvania near I-81.
      3001-5031 Shoppes Blvd, Moosic, PA 18447
      View Details
    • $1,300 /Mo
      1,000 SF

      Olyphant Commercial Space For Rent

      Commercial space available for rent in Olyphant, Pennsylvania.
      520 Burke Byp, Olyphant, PA 18447
      View Details
    • Contact for pricing
      7,680 SF

      Retail Space Available For Rent

      Retail property with 7,680 square feet available for rent.
      578 Carbondale Rd, Olyphant, PA 18447
      View Details
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    216 Lackawanna Ave
    Olyphant, PA 18447
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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
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