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116 Salem Ave 30 Unit Apartment Building $955,000 ($31,833/Unit) Carbondale, PA 18407
Executive Summary
108-116 Salem Ave Assemblage/ Fully Approved Corner Redevelopment Site.
Fully Approved Corner Redevelopment Site.
Mixed-Use Redevelopment Opportunity.
The property is strategically located at the corner of Salem Avenue, Spring Street and Prince Street, providing exceptional visibility and multiple points of access.
Property Highlights
• Three contiguous parcels
• Approximately 43,000 SF site area
• Approximately 32,272 SF existing building
• Approved zoning for residential mix use.
• 49 on-site parking spaces
• Prominent corner location with frontage on Salem Avenue, Spring Street, and Prince Street
• Includes 108, 110, and 116 Salem Avenue
on-site parking spaces.
Fully Approved Corner Redevelopment Site.
Mixed-Use Redevelopment Opportunity.
The property is strategically located at the corner of Salem Avenue, Spring Street and Prince Street, providing exceptional visibility and multiple points of access.
Property Highlights
• Three contiguous parcels
• Approximately 43,000 SF site area
• Approximately 32,272 SF existing building
• Approved zoning for residential mix use.
• 49 on-site parking spaces
• Prominent corner location with frontage on Salem Avenue, Spring Street, and Prince Street
• Includes 108, 110, and 116 Salem Avenue
on-site parking spaces.
Property Facts
| Price | $955,000 | Building Class | C |
| Price Per Unit | $31,833 | Lot Size | 0.21 AC |
| Sale Type | Investment | Building Size | 29,927 SF |
| No. Units | 30 | No. Stories | 4 |
| Property Type | Multifamily | Year Built/Renovated | 1910/2024 |
| Property Subtype | Apartment | Parking Ratio | 1.41/1,000 SF |
| Apartment Style | Mid-Rise | ||
| Zoning | Multi Unit Residential - Commercial, Residential | ||
| Price | $955,000 |
| Price Per Unit | $31,833 |
| Sale Type | Investment |
| No. Units | 30 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 29,927 SF |
| No. Stories | 4 |
| Year Built/Renovated | 1910/2024 |
| Parking Ratio | 1.41/1,000 SF |
| Zoning | Multi Unit Residential - Commercial, Residential |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
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Fairly walkable
50/100
Moderately drivable
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 05505030021 | Improvements Assessment | $3,632,450 |
| Land Assessment | $45,590 | Total Assessment | $3,678,040 |
Property Taxes
Parcel Number
05505030021
Land Assessment
$45,590
Improvements Assessment
$3,632,450
Total Assessment
$3,678,040
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Contact the Sale Advisor
116 Salem Ave