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116 Salem Ave 30 Unit Apartment Building $1,175,000 ($39,167/Unit) Carbondale, PA 18407
Executive Summary
108-116 Salem Ave Assemblage/ Fully Approved Corner Redevelopment Site.
The offering consists of three contiguous parcels totaling approximately 43,000 square feet of land, including an existing 32,272 square foot building. The property is strategically located at the corner of Salem Avenue, Spring Street, and Prince Street, providing exceptional visibility and multiple points of access.
The project has received zoning and land development approvals for a 26-unit multifamily mixed-use redevelopment, including approximately 2,000 square feet of ground floor retail space and 49 on site parking spaces.
Property Highlights
• Three contiguous parcels
• Approximately 43,000 SF site area
• Approximately 32,272 SF existing building
• Approved for 26 residential apartments
• Approximately 2,000 SF retail space
• Mixed-use zoning and land development approvals in place
• 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
The offering consists of three contiguous parcels totaling approximately 43,000 square feet of land, including an existing 32,272 square foot building. The property is strategically located at the corner of Salem Avenue, Spring Street, and Prince Street, providing exceptional visibility and multiple points of access.
The project has received zoning and land development approvals for a 26-unit multifamily mixed-use redevelopment, including approximately 2,000 square feet of ground floor retail space and 49 on site parking spaces.
Property Highlights
• Three contiguous parcels
• Approximately 43,000 SF site area
• Approximately 32,272 SF existing building
• Approved for 26 residential apartments
• Approximately 2,000 SF retail space
• Mixed-use zoning and land development approvals in place
• 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
Property Facts
| Price | $1,175,000 | Building Class | C |
| Price Per Unit | $39,167 | 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 | $1,175,000 |
| Price Per Unit | $39,167 |
| 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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116 Salem Ave