661 Church St Hazleton, PA 18201
- Hospitals
- 0.92 lot acres
Mar 06, 2024
Current Use by Public Records
- Hospitals
Property Details for 661 Church St
- Lot size
- 0.92 lot acres
- Property type
- Hospitals
- APN
- 71-T8NW42-007-001
- APU
- 71T8NW42007001
Description
This exceptional 8 million dollar investment presents a rare chance to capitalize on the burgeoning senior housing market in Hazleton, Pennsylvania. Located at 661 N Church S Street, this general commercial property boasts pre-approved zoning for a 300-bed assisted living facility with mixed-use potential. The site has already undergone significant preparation, with interior demolition (to a "vanilla box" state) completed, leaving the project poised for immediate framing and construction. This significantly reduces upfront costs and accelerates the timeline to occupancy. The property's strategic location within a growing market ensures strong occupancy rates and a high return on investment. Furthermore, the development benefits from active support from the local government, including access to development grants and attractive tax incentives, further enhancing the financial viability of this project. This turnkey opportunity eliminates many of the hurdles associated with new construction, offering a streamlined path to a profitable and impactful senior care facility. The property is ready for a developer to bring their vision to life and contribute to the growing needs of the senior community in Hazleton. Serious inquiries only.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Hazleton
- County
- Luzerne
- State
- Pennsylvania
- Longitude
- -75.9752
- Latitude
- 40.9648
- CBSA code
- 42540
- CBSA name
- SCRANTON--WILKES-BARRE, PA METROPOLITAN STATISTICAL AREA