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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.

Property Facts

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
Fairly walkable
40/100
Moderately drivable
70/100
Moderately bikeable
60/100

Property Taxes

Property Taxes

Parcel Number
05509010014
Land Assessment
$270,030
Improvements Assessment
$565,180
Total Assessment
$835,210
  • Listing ID: 41747101

  • Date on Market: 8/14/2026

  • Last Updated:

  • Address: 164 S Main St, Carbondale, PA 18407

Contact the Sale Advisor

164 S Main St

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