Loading listing...
$999,000
MLS #26-3477

82-84 S Main Street, Wilkes-Barre

Wilkes-Barre, PA, 18701
11
Baths
15,022
Building Square Footage

About This Property.

Exceptional mixed-use investment opportunity in the heart of Downtown Wilkes-Barre with a 9.22% cap rate. Situated on a highly visible signalized corner, this approximately 15,000+ square foot property features 5 commercial suites and 4 residential apartments, offering a diverse mix of office, retail, wellness, and residential uses. Several residential apartments showcase exposed brick, blending historic character with modern appeal. Additional features include an EPDM roof installed approximately five years ago, separately metered gas & electric, coin-operated laundry, and C-3 zoning, providing flexibility for a variety of commercial and mixed-use uses. Ideally located within walking distance of Wilkes University, restaurants, retail, and other downtown amenities, the property offers outstanding visibility, accessibility, and long-term investment potential. The existing approximately 4,400 square-foot office suite presents a compelling value-add opportunity. Future ownership may elect to continue the existing office use, explore reconfiguration into multiple professional office suites, or evaluate a potential office-to-residential conversion, subject to buyer due diligence and any required approvals. Conceptual plans for the residential conversion are available upon request.

Property Details.

Location.

Area Demographics

Wilkes-Barre City
44,423
Population
$48,372
Median Household Income
51%
Owner Occupied
2.44
Average Household Size
Housing Tenure
51% Owner Occupied49% Renter
ZIP 18701
4,294
Population
$33,165
Median Household Income
8%
Owner Occupied
1.57
Average Household Size
Housing Tenure
8% Owner Occupied92% Renter
Luzerne County
327,675
Population
$64,452
Median Household Income
68%
Owner Occupied
2.35
Average Household Size
Housing Tenure
68% Owner Occupied32% Renter

Source - U.S. Census Bureau, American Community Survey Five-Year Estimates ('24).

Meet Our Agents.

Jonathan J. Nelson Real Estate