631 Centre StFreeland, PA 18224

For Sale
$215,000

Prime Centre Street location, 5 apartments, 2 storefronts.

Overview

Added:
Feb 3
Days on market:
40
This substantial 7,700 square foot brick building sits on a prominent corner lot in the heart of Freeland, Pennsylvania, offering exceptional visibility on a busy street. The property encompasses five residential apartments and two commercial storefronts, previously occupied by a restaurant and a barber shop. The versatile nature of the commercial spaces presents a multitude of redevelopment opportunities for prospective buyers. The building is currently vacant and has been condemned due to a reported sewer leak in the basement. This requires immediate attention and presents a significant factor in the overall investment. The 0.09-acre lot provides ample space for potential expansion or outdoor amenities, depending on the future use. All square footage measurements are approximate. The property's central location and substantial size make it an attractive proposition for investors seeking a project with significant upside potential. While requiring substantial rehabilitation, the building's prime location and existing infrastructure offer a strong foundation for a successful commercial venture. The buyer should be prepared for significant renovation costs associated with addressing the condemned status and the necessary repairs. This is a unique opportunity to acquire a large-scale property in a desirable location, ripe for revitalization.

Property Details for 631 Centre St

Property type
Other commercial real estate
Square Feet
7,700 SF
Lot Size (sq. ft)
3,920 SF

Location Insight

City
Freeland
County
Luzerne
State
Pennsylvania
Latitude
41.01826
Longitude
-75.89735
631 Centre St, Freeland, Pennsylvania

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631 Centre St
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