413 Rear Francis St Wilkes-Barre Township, PA 18702
This exceptional 0.65-acre commercial land parcel presents a unique redevelopment opportunity in the desirable Korn Krest area of Wilkes-Barre Township, Pennsylvania, zip code 18702. The property comprises seven parcels, strategically located at the intersection of Casey Avenue, Finn Street, and Francis Street, offering significant frontage on all three streets. Approximately 163 feet of frontage is available on Casey Avenue, 189 feet on Finn Street, and 156 feet on Francis Street. The topography is generally level, sloping gently upward towards Francis Street. The property's zoning is mixed-use, with four parcels designated B-2 and the remaining three parcels zoned R-2, allowing for a variety of development possibilities. Existing improvements include a commercial auto garage at 99 Casey Avenue, currently leased month-to-month with the tenant responsible for all utilities, including sewer. Additionally, there are three single-family homes (101, 105, and 115 Casey Avenue) and a restaurant (Empanada King at 103 Casey Avenue). The single-family homes are leased month-to-month, with long-term tenants (5-8 years) responsible for all utilities, including sewer. The restaurant has a lease of approximately five years, with the tenant responsible for all utilities, including sewer. Public utilities, including electricity, natural gas, sewer, and water, are readily available. This prime location offers excellent visibility and accessibility, making it ideal for a variety of commercial and residential ventures. The property's versatile zoning and existing income-generating properties make it an attractive investment opportunity.
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
Similar Nearby for Lease
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.