661-699 N Church Street
Hazleton,
PA
18201
Ofra Beigel with OB INTERNATIONAL REAL ESTATE and OB & WISE PROPERTY MANAGEMENT,
original listing - (570) 812-1772
Property Details
| List Price: |
$8,000,000 |
| Beds: |
-- |
| Baths: |
-- |
| Status: |
Active |
SqFt: |
65535 Square Feet |
| Agency: |
OB INTERNATIONAL REAL ESTATE and OB & WISE PROPERTY MANAGEMENT |
| Agency Phone: |
(570) 812-1772 |
Description/Comments
| Lot Size: |
0 sqft |
| Garage: |
Garage |
| Property Type: |
Commercial Sale-Other |
| Year Built: |
1928 |
| Notes: |
185,000 SF. This is a unique real estate redevelopment opportunity to invest in an attractive income-producing property in the growing senior housing industry in a strategic location. The Site is approved zoning for 300 beds assisted living Mixed-use. Interior demolition (vanilla box) was completed, and the project is ready for framing. The local government is assisting with development grants, which will offset the cost of construction by 4-7 million. Up to 10 years of potential tax incentives in additional government support is expected. The synergy of distressed real estate, government incentives and community support create an opportunity for exceptional growth, and profitability. The site is approved zoning for 300 beds assisted living and other uses on various floors such as medical services. zoning approved commercial space on the ground floor with Assisted living apartments above. Including a daycare, convenience store, beauty salon, bagel shop, gym, and professional offices which will create a place for the users of the building and surrounding neighborhood to visit. St. Joseph's hospital offers 5 parcels and contains a total of approximately 185,000 SF. Additionally, the Property offers excess parking over several surface lots. Building is six-stories. Conversion provides an opportunity to enter the growing market in Hazleton, Pennsylvania. Located at the top of Church Street, it is a landmark structure seen from all points of the city. Hazleton is nestled in the scenic Pocono Mountain area of Northeastern, Pennsylvania. Mother Nature puts a show on every season with over 2,400 square miles of mountains, lakes, rivers, waterfalls and two National Parks. The community is easily accessible from the Pennsylvania, New Jersey and New York areas. The structure is seen from all points of the city in the Pocono Mountain area at the highest point of the city. Easy accessible to New York, New Jersey and Philadelphia intersection of the major highways 80-81. |
| MlsNumber: |
-- |
| ListingId: |
11390586 |
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| Listing Provided By: |
OB INTERNATIONAL REAL ESTATE and OB & WISE PROPERTY MANAGEMENT, original listing |
| Phone: |
(570) 812-1772 |
| Office Phone: |
(570) 812-1772 |
| Agent Name: |
Ofra Beigel |
| Disclaimer: |
Copyright © 2024 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |
