396 Washington St Nanticoke, PA 18634-3543
This exceptional commercial property, located at 396 E. Washington St. in Nanticoke, Pennsylvania, presents a unique investment opportunity. Priced at $265,000, this 3,600 square foot property sits on a 0.082-acre lot and is zoned for residential use. Previously operating as a tavern/restaurant, the building offers significant potential for redevelopment. The existing structure features two floors, providing ample space for conversion into multiple residential units, creating a lucrative rental income stream. Alternatively, the property could be revitalized to resume its former function as a thriving hospitality business, capitalizing on its established location and history. The property's central Nanticoke location offers easy access to local amenities and a strong customer base. The buyer is responsible for verifying the final intended use with the city of Nanticoke. This versatile property is ideal for an owner/user seeking a profitable venture or an investor looking for a high-return opportunity. The price per square foot is $73.61. The property's zip code is 18634, and it is situated in Luzerne County. Don't miss this chance to acquire a prime piece of Nanticoke real estate with immense potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
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.