$795,000

FULLY ENTITLED, SHOVEL-READY MULTIFAMILY 116 Salem Avenue, Carbondale, PA | 26 Approved Units | $795,000 Skip the approval process. This former school property in downtown Carbondale is zoning approved for 26 residential units and mixed-use redevelopment, with a special exception for parking and architectural plans in hand. At roughly $30,600 per approved unit, it offers one of the most efficient entry points into multifamily development in Northeastern Pennsylvania. Property Highlights • 26 approved residential units plus mixed-use potential • Approx. 32,272 SF existing building on a 43,000 SF site • Three contiguous parcels with frontage on Salem Ave, Spring St and Prince St • 49 on-site parking spaces with approved parking exception • Prominent, high-visibility corner with multiple access points • Architectural plans available The former school layout lends itself naturally to residential conversion, with space for common areas, storage and resident amenities. The location offers access to the Scranton/Wilkes-Barre region, major transportation corridors and growing regional employment. Offered at $795,000 Buyer Broker Commission: 3%