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    FOR SALE
    Commercial real estate

    216 Lackawanna Ave, Olyphant, PA 18447

    18,725 SF 0.68 ac lot
    Property ID
    US73-2003195
    216 Lackawanna Ave, Olyphant, PA 18447 For Sale 1 / 82
    $1,450,000 18,725 SF
    216 Lackawanna Ave, Olyphant, PA 18447
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    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Total area 18,725 SF
    Lot 0.68 ac (29,621 SF)
    UPID US73-2003195
    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
    Current use
    Occupant on record · Public records
    • Ethan’s Eats Restaurant
    1 occupant on record
    Value estimations
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    Permitted uses
    Permitted uses
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