661-699 N Church Street, Hazleton, PA 18201

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THB ฿271,120,000
USD $8,000,000
Published on: 08 Dec 2024
Last updated on: 08 Dec 2024
661-699 N Church Street, Hazleton, PA 18201
661-699 N Church Street, Hazleton, PA 18201
661-699 N Church Street, Hazleton, PA 18201
+13
661-699 N Church Street, Hazleton, PA 18201
  • 13
Property ID: 110096155579
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Commercial Building - Hazleton, PA

661-699 N Church Street, Hazleton, PA 18201
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.

Property Details

Basic Info

Property Type
Other
Listing Status
Active
Building Size
6,088.40 m2
Year Built
1928
Architecture Style
Other
Num Floors
6
Provider
My State MLS
Brokerage Office Name
OB INTERNATIONAL REAL ESTATE
Brokerage Office Phone
646-844-4172
Address
661-699 N Church Street, Hazleton, PA 18201
Contact Agent
Ofra Beigel
OB INTERNATIONAL REAL ESTATE and OB & WISE PROPERTY MANAGEMENT
120 West 45th Street Suite 700, NY, NY 10036
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Ofra Beigel
120 West 45th Street Suite 700, NY, NY 10036
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      Property ID: 110096155579

      Data provided by My State MLS, MLS #: 11390586
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