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Property profile & analytics
OFF-MARKET
Bars & Pubs

162 Un St Plains, PA 18702-7114

0.58 ac lot
Individually Owned 4-yr Hold Free & Clear
Property ID
US73-2118190
Property summary
AI-generated overview

This exceptional commercial property, located at 162 Union St, Wilkes-Barre, PA 18702, presents a unique investment opportunity. Formerly Dan's Keystone Grill, this two-story restaurant building offers 2,862 square feet of space situated on a generous 2-acre lot. The asking price is $165,000, translating to $57.65 per square foot. The property boasts ample parking, accommodating up to 30 vehicles, and includes four bathrooms. An existing outdoor bar adds to the property's versatility and potential. The building is zoned for commercial use, providing flexibility for a variety of restaurant or retail concepts. Its prime location in Luzerne County offers excellent visibility and accessibility. The spacious layout and existing infrastructure provide a solid foundation for a new business venture. This is a rare chance to acquire a substantial property with significant potential for redevelopment and growth in a thriving Pennsylvania market. The property is currently vacant and ready for immediate occupancy, allowing for a swift transition to your vision. Don't miss this opportunity to transform this established location into your next successful enterprise.

Property profile
Verified
Property type Bars & Pubs
Use group BAR, TAVERN
Lot 0.58 ac (25,265 SF)
APN 50-G11S3-001-001
UPID US73-2118190
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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Comparable Approach Comparable
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Owner & transaction history
Jayne Derby · 4 yrs held
Jayne Derby
since 2022
1 recorded transaction
2022
$31,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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