59 Parry St Wilkes-Barre, PA 18709
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.