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    Specialty properties

    1020 Hanover St, Nanticoke, PA 18634

    30,000 SF 1.76 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional redevelopment opportunity presents a unique chance to acquire a 1.76-acre property in Nanticoke, Pennsylvania, featuring a substantial 30,000 square-foot complex. The property comprises three distinct buildings: a former school, a rectory house, and a church. The two-story school building, totaling approximately 18,900 square feet, offers a full finished basement (4,840 sq ft) with kitchen facilities, multiple refrigeration units, restaurant-grade stoves, two bathrooms, and a utility area. The main floor (6,300 sq ft) includes an auditorium, kitchen, two bathrooms, and four classrooms. The second floor mirrors the first floor's layout, also featuring four classrooms, a small office with a half-bath, and ample storage. The 5,409 square-foot rectory house is a brick structure with stucco accents, a three-car garage, and a finished basement with a half-bath. The main floor boasts living areas, a dining room, an eat-in kitchen, a sun porch, laundry room, and several closets. The second floor contains five bedrooms, including one with a full bath and walk-in closet, and two two-room areas sharing a full bath and walk-in closets. Finally, the church building, measuring approximately 5,350 square feet, features a choir/organ loft, rear office and storage closets, two bathrooms, and high ceilings (23'6"). All buildings connect to public water and sewer. The property also includes a large rear parking lot situated on 1.25 acres. Conveniently located near Route 11 and I-81 via Route 29, this property offers easy access to major transportation routes and is within a short distance of public transportation (LCTA Bus #14 & 15), Luzerne County Community College, and Wilkes-Barre. The APN is 42-J7SE4-023-003. This property is zoned for special purpose use.

    Property profile
    Verified
    Property type Specialty properties
    Total area 30,000 SF
    Lot 1.76 ac (76,666 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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