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Property profile & analytics

87 Wood St Wilkes Barre, PA 18702-3611

  • Bars
  • 0.21 lot acres
OFF-MARKET
Value Estimation
$285,000
Location Intelligence
Property ID
US73-2575969
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Whiskey Business / Bar
  • LibertyX Bitcoin ATM / Atm

Property Details for 87 Wood St

Lot size
0.21 lot acres
Property type
Bars
Property subtype
Pubs
APN
73-H9SE4-015-018
APU
73H9SE4015018

Description

This exceptional opportunity presents the sale of a well-established neighborhood tavern and restaurant in Wilkes-Barre, Pennsylvania. Located at 87 Wood St, this business has thrived since 1994, boasting a loyal clientele and a strong team of long-term employees. The property includes a two-story building, totaling 4,420 square feet, situated on a 0.42-acre lot. The first floor is a fully operational tavern offering beer, liquor, and food service, featuring seating for approximately 59 patrons (29 bar stools and tables for 30). The tavern is equipped with extensive amenities, including 11 big-screen TVs, a pool table, foosball table, a 12-head tap system, walk-in cooler, multiple freezers, a safe, a camera system, commercial kitchen equipment (range, fryers, slicer), 11 smoke eaters, and a ceiling-mounted surround sound system. The second floor, currently used for storage, is a finished 2-bedroom apartment. The sale includes all trade fixtures, tavern amusements, and two on-site storage trailers containing additional amusement machines and parts (trailers and contents are included in the sale, or can be removed prior to closing). The property is zoned R-2 and comes with a restaurant liquor license, including permits for amusements and Sunday sales. This owner-user investment opportunity is priced at $550,000. Built in 1930, this property offers a unique blend of established business and real estate potential.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $260,000
  • CAP approach

    CAP return
    Estimation
    6%
    $310,000
    6.5%
    $335,000
    7%
    $315,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $280,000
    Geo Method
    $345,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $290,000
    Retail
    $385,000
    Mixed-Use
    $295,000
    Hospitality
    $300,000
    Educational
    $360,000
    Residential Income
    $375,000
    Energy
    $375,000
    Income-Based Land
    $375,000
    Food Service
    $355,000

Location Insight

  • Map
  • Local Demand
City
Wilkes Barre
County
Luzerne
State
Pennsylvania
Longitude
-75.9018
Latitude
41.238
CBSA code
42540
CBSA name
SCRANTON--WILKES-BARRE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$2,950
$15,300
$103,700
$119,000
-
$15,300
$103,700
$119,000
More about this property
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