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164 S Main St 17 Unit Apartment Building $1,150,000 ($67,647/Unit) Carbondale, PA 18407



Executive Summary
SHOVEL-READY MULTIFAMILY REDEVELOPMENT OPPORTUNITY
Downtown Carbondale, Pennsylvania Prime redevelopment opportunity in Carbondale's Downtown Main Street District. This project is fully entitled and shovel-ready, with residential zoning approved, architectural and MEP plans completed, and permits approved, allowing a developer to move directly toward construction without the lengthy entitlement and design process. The property is designed and approved for 17-24 residential units (Group R-2 Multifamily), with flexible layouts suitable for market-rate or workforce housing. PROJECT HIGHLIGHTS • Shovel-ready multifamily development • Residential zoning approved • Approved for 17-24 residential units • Architectural and schematic plans completed • MEP plans completed and ready for construction • UCC / IBC-2018 compliant permits approved • Utilities and infrastructure on site • Prime Downtown Main Street location • Convenient access to shops, employers, services, and public transportation • Flexible residential configuration with significant redevelopment upside • Opportunity to save substantial time and pre-development costs by acquiring an already entitled project IDEAL FOR Developers, builders, investors, and multifamily operators seeking a ready-to-build residential project with strong upside in Northeastern Pennsylvania. With zoning, design, engineering, and permitting already completed, a new owner can focus on construction, lease-up, and execution rather than entitlement risk.
Downtown Carbondale, Pennsylvania Prime redevelopment opportunity in Carbondale's Downtown Main Street District. This project is fully entitled and shovel-ready, with residential zoning approved, architectural and MEP plans completed, and permits approved, allowing a developer to move directly toward construction without the lengthy entitlement and design process. The property is designed and approved for 17-24 residential units (Group R-2 Multifamily), with flexible layouts suitable for market-rate or workforce housing. PROJECT HIGHLIGHTS • Shovel-ready multifamily development • Residential zoning approved • Approved for 17-24 residential units • Architectural and schematic plans completed • MEP plans completed and ready for construction • UCC / IBC-2018 compliant permits approved • Utilities and infrastructure on site • Prime Downtown Main Street location • Convenient access to shops, employers, services, and public transportation • Flexible residential configuration with significant redevelopment upside • Opportunity to save substantial time and pre-development costs by acquiring an already entitled project IDEAL FOR Developers, builders, investors, and multifamily operators seeking a ready-to-build residential project with strong upside in Northeastern Pennsylvania. With zoning, design, engineering, and permitting already completed, a new owner can focus on construction, lease-up, and execution rather than entitlement risk.
Property Facts
| Price | $1,150,000 | Building Class | C |
| Price Per Unit | $67,647 | Lot Size | 1.00 AC |
| Sale Type | Investment | Building Size | 20,000 SF |
| No. Units | 17 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1925 |
| Property Subtype | Apartment | Parking Ratio | 5.57/1,000 SF |
| Apartment Style | Mid-Rise | ||
| Zoning | Commercial | ||
| Price | $1,150,000 |
| Price Per Unit | $67,647 |
| Sale Type | Investment |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 1.00 AC |
| Building Size | 20,000 SF |
| No. Stories | 2 |
| Year Built | 1925 |
| Parking Ratio | 5.57/1,000 SF |
| Zoning | Commercial |
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Fairly walkable
40/100
Moderately drivable
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 05509010014 | Improvements Assessment | $565,180 |
| Land Assessment | $270,030 | Total Assessment | $835,210 |
Property Taxes
Parcel Number
05509010014
Land Assessment
$270,030
Improvements Assessment
$565,180
Total Assessment
$835,210
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164 S Main St
