216 Lackawanna AveOlyphant, PA 18447

For Sale
$1,500,000

Mixed-use, established business, high potential.

Overview

Added:
Dec 11, 2024
Days on market:
97
This exceptional commercial property in Olyphant, Pennsylvania, presents a unique investment opportunity. Located at 216 Lackawanna Avenue, this 0.68-acre lot encompasses two buildings totaling 18,725 square feet. The property includes a thriving banquet facility with seating for 275 guests, a storefront, a deli, and six income-generating apartments. The sale includes the established businesses, all equipment, furniture, and a liquor license. A significant advantage is the large paved parking lot accommodating 50+ vehicles. The banquet building boasts a newly installed roof (February 2024). Ceiling heights range from 13 to 16 feet, and there are no overhead doors. The property's prime downtown Olyphant location ensures high visibility and accessibility. Note that all measurements are approximate and not warranted. Flood insurance is required. This turnkey operation offers immediate income and significant growth potential. The asking price is $1,500,000.

Property Details for 216 Lackawanna Ave

Property type
Other specialty properties, Other land
Square Feet
18,725 SF
Lot Size (sq. ft)
29,621 SF

Location Insight

City
Olyphant
County
Lackawanna
State
Pennsylvania
Latitude
41.4697468
Longitude
-75.6045633
216 Lackawanna Ave, Olyphant, Pennsylvania

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216 Lackawanna Ave
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